Nilos

What Nilos does

Nilos is a cross-border payment infrastructure platform founded in 2021 and headquartered in Tel Aviv, Israel. The company provides B2B payment rails designed for emerging-market corridors in Africa, LATAM, and other regions underserved by traditional correspondent banking. Its core offering unifies four products: multi-currency accounts for global collection, cross-border payouts via local banking and mobile-money rails, an FX exchange service with deep liquidity across major and exotic currency pairs, and a stablecoin-based digital assets account for crypto-native treasury operations.

The platform's technology stack combines traditional banking rails with blockchain and stablecoin infrastructure, accessed through a single API that supports real-time quoting, automated reconciliation, and custom approval workflows. Direct connections to local payment rails enable same-day settlement without correspondent banking chains, and the FX liquidity network sources optimal conversion paths across multiple providers, which Nilos claims delivers up to 50% lower FX costs than traditional providers. Regulatory coverage is delivered through Nilos France SAS (AMF-registered for digital asset custody and exchange), Nilos Canada Ltd. (FINTRAC-registered MSB), NilosFinance UAB (Lithuania, virtual currency wallet and exchange operator), and a strategic partnership with Modulr Finance B.V. (DNB-authorized Electronic Money Institution) for safeguarded e-money account services.

Commercially, Nilos targets three primary segments — Import & Export Merchants, Global Corporates, and Fintechs/Neobanks — through an API-first, sales-led GTM motion combining self-serve onboarding (with KYB in 1-2 business days) and dedicated enterprise account management with email/Slack technical support. Revenue is transaction-based via FX conversion fees and cross-border payment processing fees, with custom enterprise pricing tied to volume. The company has raised $5.2M in seed funding (2022) plus a subsequent round in 2024, employs 11-50 people, and reports over $1B in cumulative payment volume processed across 120+ countries.

Name

Nilos

Legal name

Nilos Financial Services Ltd

Website

https://nilos.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Nilos is a Tel Aviv–based cross-border payment infrastructure platform serving import/export merchants, global corporates, and fintechs operating in Africa, LATAM, and other emerging markets. It combines multi-currency accounts, local-rail payouts, exotic FX liquidity, and stablecoin digital-asset accounts through a single API.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Cross-border payments
• Multi-currency accounts
• FX liquidity network
• Stablecoin treasury
• Emerging markets fintech

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. FX Conversion Fees: Revenue generated from currency exchange services, providing optimized FX rates across major and exotic currency pairs through their liquidity network
2. Cross-border Payment Processing: Fees charged for international payment transfers using local payment rails, settling same-day without correspondent banking chains
3. Multi-currency Account Services: Services enabling businesses to receive payments via bank transfers and e-wallets without creating overseas bank accounts

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Nilos provides a cross-border payment infrastructure platform that enables businesses to collect, convert, and pay out globally through a single API. It combines multi-currency accounts, local payment rail payouts, exotic FX liquidity, and stablecoin-based digital asset accounts to deliver same-day settlement across 120+ countries for fintechs, global corporates, and import/export merchants operating in Africa, LATAM, and other emerging markets.

Product overview

Nilos is a cross-border payment infrastructure platform for emerging markets, offering a unified platform that combines four core products: Multi-Currency Accounts for global collection, Global Payments for cross-border payouts via local rails, Exchange for FX liquidity and currency conversion, and Digital Assets for stablecoin-based transactions. The platform leverages same-day settlement, exotic FX liquidity, and local payout rails to serve fintechs and merchants operating in Africa, LATAM, and emerging markets, processing over $1B across 120+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Currency Accounts A multi-currency account enabling businesses to receive payments via bank transfers and e-wallets across 120+ countries without creating overseas bank accounts. Targeted at merchants, global corporates, and fintechs operating in emerging markets.
• Global Payments
• Exchange
• Digital Assets

Quantifiable outcome

• Same-day settlement (hours, not days)
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

One partnership is on record.

• Modulr Finance B.V.coreTechnology or IntegrationStrategic partner providing electronic money institution services. Modulr is authorized and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution. Nilos accounts and payment services are provided by Modulr Finance B.V., with funds held in segregated accounts safeguarded per Dutch financial regulations.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Thunes: Thunes is a cross-border payments network focused on emerging markets, enabling B2B payments to 130+ countries via local rails. It is the most direct competitor to Nilos given overlapping corridors, similar target customers (fintechs, merchants, global corporates), and B2B payment infrastructure focus.
• dLocal: dLocal provides cross-border payment infrastructure connecting global merchants to emerging markets across 40+ countries in LATAM, Africa, and APAC. Comparable to Nilos in serving merchants/fintechs entering emerging markets with local payment rails and FX optimization.
• Verto: Verto is a B2B cross-border payments platform focused on emerging markets with multi-currency accounts, FX, and local payout rails. Highly comparable to Nilos in target customer base (businesses, fintechs), emerging market corridor focus, and product set (multi-currency accounts + FX + payouts).

Broad incumbents

• Wise: Wise is a global cross-border payments platform serving consumers and businesses with multi-currency accounts and FX. Comparable to Nilos in the multi-currency account and FX offering, though Wise is much broader and stronger in developed corridors, while Nilos targets emerging markets more aggressively.
• Airwallex: Airwallex offers cross-border business accounts, payments, and FX for global businesses via a single API. Comparable to Nilos in API-first cross-border infrastructure for businesses and fintechs, though Airwallex has broader global coverage and stronger enterprise positioning.
• Remitly: Remitly is a cross-border remittance and payments platform serving emerging market corridors. Comparable to Nilos in cross-border emerging market payments focus, though Remitly is primarily retail remittance while Nilos targets B2B/fintech use cases.
• Payoneer: Payoneer provides cross-border payment solutions, multi-currency accounts, and working capital for SMBs and freelancers globally. Comparable to Nilos in multi-currency accounts for businesses operating internationally, with overlapping target customer segments in emerging markets.

Regional players

• Flutterwave: Flutterwave provides payment infrastructure for businesses to accept and disburse payments across Africa. Comparable to Nilos in targeting fintechs and merchants operating in African corridors, though Flutterwave is primarily Africa-focused and operates domestically rather than globally.
• Onafriq (formerly MFS Africa): Onafriq operates the largest mobile money interoperability network across Africa, enabling cross-border payments between mobile wallets and bank accounts. Comparable to Nilos in targeting cross-border payments in African emerging markets via local rails, though Onafriq is primarily a mobile wallet hub.

Emerging players

• Yellow Card: Yellow Card is a stablecoin-powered payment platform enabling cross-border payments and remittances across Africa. Comparable to Nilos in the stablecoin-rails approach to African cross-border payments, though focused more on retail/remittance use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NilosHQ

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nilos