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High-Risk Payment Processor Payabl Expands Its Network!

High-risk Payment Processor Payabl expands with Holistic Payment Connect investment

Founded by former Wirecard executives Ruediger Trautmann and Dietmar Knoechelmann, the Payabl Group (formerly PowerCash21) has expanded its network in recent months and entered into new investments. In Germany, Trautmann, the managing director of Payabl Solutions GmbH, has founded Eastside Solutions GmbH, a new payment processor. In Austria, Payabl Solutions bought a 34.1% stake in Kaveh Sheikhestani‘s Holistic Payment Connect GmbH.

 
In addition to Trautmann, Thomas Frank is also installed as Managing Director at Eastside Solutions. Frank is also the CFO of Payabl Group where he has worked since 2017, according to his LinkedIn profile. He previously worked at Inatec which was merged into Payabl Solutions in 2022. 
 
The company’s website eastside solutions is currently under construction, but you can already see that Trautmann’s new company is positioning itself as a leading payment processor.
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