Bizcuit app first to offer PSD2 payments to SME

Bizcuit, the administrative and financial app for SME businesses, is the first to use the full PSD2 license.

Veenendaal, 18th november 2019 – Bizcuit Payments is the first company in the Netherlands to use the full PSD2 license. With this they offer their customers an integrated solution for all administrative and financial activities. Previously this was not possible because the right to view in bank accounts and payment execution was exclusively for the banks, which meant that fintech companies, amongst other things, were limited in their innovation opportunities. On November 14th 2019, Bizcuit was one of the first fintech companies (without a link to a major bank) to receive the PSD2 license from De Nederlandse Bank (DNB). The license consists of two components: viewing bank data and offering payment solutions. Bizcuit is the first company in the Netherlands to offer the full scope of the PSD2 permit to SMEs and self-employed persons without employees.

Hessel Kuik, CEO and founder Bizcuit: “Because of the monopoly of the banks to access account data and payment solutions, we were unable to offer our customers the full service we had in mind. As a result, we were unable to include all activities, such as approving and paying invoices, in our app. With the permit, this is now possible and SMEs and freelancers can use our updated app from 1st December. “

Use of PSD2 license

By introducing the European PSD2 payment directives, which have been in force since 19th February 2019, the customer is now charge of their bank data and payment solutions. Following the introduction of the new legislation, Bizcuit has developed an innovative solution that offers to proceed all administrative and financial transactions in one app. The PSD2 license granted by the DNB to Bizcuit Payments on 14th November allows to provide the app with fully automatic links to all banks. Bizcuit Payment is one of several dozen companies that have received a license from DNB. The other Dutch companies with a PSD2 license so far have only been granted for part of the license: viewing bank data.

Options of the app

The Bizcuit app offers the business owner an integrated solution for banking, purchasing, sales and full integration with all commonly used accounting, ERP and salary packages. The payment services in the Bizcuit platform are provided by the separately established payment institution Bizcuit Payments. From 2018, Bizcuit already had a fully functional PSD2 pilot link with one of the major banks and the first PSD2 payment in the Netherlands was made from the Bizcuit platform. Bizcuit will go live with the first customers on 1st December.

Background Bizcuit

Bizcuit Payments submitted the application for the license one day after the PSD2 legislation came into force in the Netherlands. Kuik: “As early as 2016, we saw the possibilities that the new PSD2 legislation would offer to remove a lot of administrative burdens from SMEs and freelancers. We then immediately started planning and building the app. Waiting for the final legislation and the permit was sometimes frustrating, but also instructive. It enabled us to develop a unique solution. The Bizcuit app will gradually offer users more and more functions that will enable them to spend as little time as possible on administrative tasks and to focus on doing business as usual.”

Approaching the launch of the full app on December 1st, a waiting list of interested parties has been created. They will gain access in a controlled manner.

Initial recognition

Based on the initially offered functionality, the market has already responded very positively to the possibilities that Bizcuit offers to relieve companies. For example, Bizcuit recently won the ICT Accountancy Award 2019 and the app has been nominated for the Trend Micro COMET Award and the Accenture Innovation Awards.


For more information and interview requests with Hessel Kuik from Bizcuit and / or Bizcuit users, please contact:


Communications Department, Gabriela Mourer

085 – 064 30 60

For high-resolution images, please contact Gabriela.

About Bizcuit

In 2016, Hessel Kuik (1980), who has a passion for technology in general, and fintech in particular, started developing the first version of the business kit for SME companies, Bizcuit. With a clear vision that the announced PSD2 legislation would remove the monopoly of the banks on bank account details and payment initiation, Bizcuit was developed and set up to ease the financial and administrative tasks of the business owner.

As a software / fintech company, obtaining the license turned out to be a difficult process. After a lot of effort and perseverance, Bizcuit can now go-to-market with a unique and efficient solution for end users and partners. More than 1000 companies now use Bizcuit.

About founder Hessel Kuik

Hessel Kuik is the founder of Bizcuit, the company he started in 2016 as a startup to use the new PSD2 legislation to relieve SMEs and freelancers. As a business administrator and Certified Management Accountant with a passion for technology and entrepreneur, he wanted to offer innovative solutions to business owners that would make it possible to have administrative and financial processes run as efficiently as possible and thus enable them to do business.

His experiences as a business advisor and as CEO at another fintech reinforced over and over again the perception that no convenient and affordable total solution was offered in the market for SME companies. This has led to the Bizcuit (“biz kit”) app, a Swiss Army knife with which business owners can manage their business in one app.

As an enthusiastic and experienced networker, he has gained a place in the Dutch fintech world as a speaker and participant in various award competitions and round table discussions.

With the granting of the license, international expansion has also become a real possibility, this has already been taken into account in the design and development of the app and organization.

Click here to read the press release in Dutch.

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