Token.io

What Token.io does

Token.io is a Pay by Bank infrastructure provider that operates an open banking platform enabling account-to-account (A2A) payments, variable recurring payments (VRP), real-time payouts, and account information services across 21 European markets. The company serves as the regulated connectivity layer between merchants, payment service providers, banks, and consumer bank accounts, with direct API connections covering over 567 million bank accounts and approximately 90% account coverage in most supported markets. Token.io reports processing roughly 20% of all UK open banking payments and powers Pay by Bank for approximately 3 in 5 of the largest UK and European financial institutions.

The platform is built around a single unified REST API offering four core products: Payments (A2A payment initiation with conversion rates exceeding 95% in top markets), VRP (one-click and automated recurring bank payments), Payouts (instant withdrawals via Faster Payments and SEPA Instant), and Data (verified bank account information services). Supporting features include Account on File (tokenised bank details to reduce repeat-checkout friction), Pay by Bank Links and QR (cross-channel payment requests), and Settlement Accounts (real-time reconciliation distributed via Modulr FS Limited). Token.io is dual-regulated by the UK's FCA (Firm Reference 795904) and Germany's BaFin (ID 158595), with the BaFin authorisation passported to 27 EEA countries. The company additionally maintains ISO 27001:2022 and PCI-DSS Level 1 certifications.

Token.io generates revenue through transaction-based fees structured in monthly volume tiers ranging from less than €99,999 to more than €150,000,000, a licensing-as-a-service model that allows partners to operate under its PISP/AISP authorisations, and bundled platform and infrastructure services. Its customer base spans three primary segments: tier-1 European banks (HSBC, BNP Paribas, Santander, NatWest), global payment service providers and gateways (Mastercard, Global Payments, ACI Worldwide, Nuvei, Paysafe, Computop), and fintech, crypto, and iGaming platforms (Flutterwave, Ecommpay, Prommt). Approximately 80+ partners rely on Token.io's infrastructure, and the company is a founding shareholder and board member of the UK Payments Initiative (UKPI), the UK's first new payment scheme in nearly 20 years.

Name

Token.io

Legal name

Token.io Ltd.

Website

https://token.io

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Token.io provides Pay by Bank open banking infrastructure for account-to-account payments, VRP, real-time payouts, and bank account data across 21 European markets. Its unified API connects 567 million bank accounts to banks, PSPs, gateways, and fintechs, processing roughly 20% of UK open banking payments.

Ownership category

akta.pro rank

Product category

Open Banking Payments Infrastructure

NAICS

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

SIC

Finance Services (6199)

akta.pro primary industry

Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)

akta.pro secondary industries

Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Open banking payments
• Account-to-account infrastructure
• Variable recurring payments
• Pay by bank API
• Open banking data services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction-based fees: Token.io charges transaction fees on each payment initiated through its open banking infrastructure. Pricing plans are based on transaction volumes, with volume tiers ranging from less than €99,999 to more than €150,000,000 monthly processing.
2. Licensing as a Service: Partners and clients can use Token.io's PISP and AISP licenses to offer open banking payments without obtaining their own regulatory approvals, generating licensing revenue. Available for UK and European markets.
3. Platform & Infrastructure Services: Provides SaaS infrastructure including API access, self-service dashboard, certificate management, and settlement accounts as part of its integrated platform, bundled with transaction fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Token.io provides Pay by Bank infrastructure that enables banks, payment service providers, gateways, acquirers and merchants to initiate account-to-account payments, recurring payments, real-time payouts and access verified bank account data through a single unified REST API. The platform connects to over 567 million bank accounts across 21 European markets and is delivered via direct bank connectivity, embeddable APIs, and a licensing-as-a-service model using its FCA and BaFin PISP/AISP authorisations.

Product overview

Token.io is an open banking payments company offering a unified Pay by Bank infrastructure platform with four core products: Payments (A2A payment infrastructure), VRP (Variable Recurring Payments for one-click recurring bank payments), Payouts (real-time payouts and withdrawals), and Data (open banking account information and verification services). These products are supported by features including Account on File, Pay by Bank Links, and Settlement Accounts. The platform operates across 21 markets in the UK and Europe, connecting to over 567 million bank accounts. Token.io serves multiple industry verticals including banking, fintech, payments, ecommerce, crypto, and iGaming, and partners with major payment service providers like Global Payments, Paysafe, Computop, and Nuvei.

Differentiator

Problem solved

Functional benefit

Products and services

• Payments (Pay by Bank / Account-to-Account) Account-to-account payment infrastructure enabling merchants, payment service providers, gateways and banks to accept Pay by Bank directly from consumer bank accounts across 21 European markets via a single API. Delivered with conversion-boosting flows, settlement accounts and a self-service dashboard.
• Variable Recurring Payments (VRP / Commercial VRP) One-click, recurring and automated bank payments solution enabling consumers to make scheduled, trigger-based or one-click payments directly from their bank account. Supports customisable consent flows, payment limits, automated scheduling and trigger-based initiation. Powers commercial VRP under the UK Payments Initiative.
• Payouts Real-time payouts and withdrawals solution enabling businesses to send secure, instant payouts directly to consumer bank accounts across 21 European markets. Settled via Faster Payments and SEPA Instant, fully automated via API with real-time status updates.
• Data (Account Information Services) Open banking Account Information Services providing secure access to verified, user-permissioned data from over 567 million bank accounts in the UK and Europe. Enables account balance verification, account ownership verification and transaction history retrieval, covering 90% of accounts in most supported markets.
• Licensing as a Service (PISP/AISP) Allows partners and clients to launch open banking payments under Token.io's FCA (UK) and BaFin (Germany) Payment Initiation and Account Information Service licences rather than obtaining their own regulatory approvals. Available for UK and European markets.

Quantifiable outcome

• Conversion rates over 95% in top markets
• +4 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature6 records

Partnerships

18 partnerships are on record, tiered flagship, core and minor.

• UK Payments Initiative (UKPI)flagshipStrategic or Co-development Partner · 2 June 2026Token.io is a founding shareholder and board member of UKPI, the UK's first new payment scheme in nearly 20 years. UKPI establishes shared rules, commercial model, and dispute frameworks for commercial VRP. Founding members include HSBC, Barclays, Lloyds Banking Group, NatWest, Nationwide, Santander, Monzo, Revolut, and Starling.
• BNP ParibasflagshipTechnology or IntegrationBNP Paribas partnered with Token.io to launch Instanea, a new instant payment proposition for merchants integrated with the Axepta gateway and POS systems. Powered by Token.io's broadest bank connectivity.
• SantandercoreTechnology or IntegrationSantander leverages Token.io's infrastructure to offer payment directly from external bank accounts as a credit card repayment option and to modernise real-time money movement for its retail banking clients.
• Global PaymentscoreChannel Partner/ Reseller/ DistributorGlobal Payments uses Token.io's infrastructure for its Bank Payment open banking solution. This Fortune 500 company processes over $150 billion in annualised transaction volume and serves millions of merchants globally.
• PaysafecoreChannel Partner/ Reseller/ DistributorPaysafe leverages Token.io's best-in-class open banking connectivity to power its Pay by Bank capabilities across its global payment platform serving merchants and consumers.
• ComputopcoreChannel Partner/ Reseller/ DistributorComputop powers A2A payments for its Paygate platform using Token.io's technology. Computop is the leading PSP in Germany with 38% market share and customers across Europe, processing $30 billion annually.
• EcommpaycoreChannel Partner/ Reseller/ DistributorEcommpay partnered with Token.io for cutting-edge open banking payment capabilities and to offer Settlement Accounts in the Netherlands, Spain, France, and Ireland. Extended partnership in 2024.
• NuveicoreChannel Partner/ Reseller/ DistributorNuvei partnered with Token.io to offer open banking powered A2A payments via its industry-leading payment gateway, serving brands including GM, Virgin Atlantic, Shein, and DraftKings.
• ACI WorldwidecoreChannel Partner/ Reseller/ DistributorACI Worldwide partners with Token.io to power Pay by Bank capabilities for merchants globally through its payment orchestration platform.
• PrommtminorChannel Partner/ Reseller/ DistributorPrommt partnered with Token.io to add Pay by Bank capabilities to its branded payment request solution, reducing payment operations costs, fraud, and processing times.
• MastercardcoreTechnology or IntegrationMastercard selected Token.io as a partner for its new Open Banking Hub, positioning Token.io as an authorised technology partner in Mastercard's open banking ecosystem.
• NatWest GroupcoreTechnology or IntegrationNatWest Group partnered with Token.io to unlock wider VRP use cases for non-sweeping services, expanding commercial VRP adoption across the UK.
• TrueLayercoreChannel Partner/ Reseller/ DistributorTrueLayer went live with the UKPI's Bank on File product serving IG Group, InvestEngine, Trading 212, and East Lothian Housing Association. TrueLayer is a competing Pay by Bank infrastructure provider in the UKPI ecosystem.
• Total ProcessingminorChannel Partner/ Reseller/ DistributorTotal Processing partnered with Token.io to launch open banking-enabled payment capabilities for its merchant customer base.
• EchoPayminorChannel Partner/ Reseller/ DistributorEchoPay and Token.io partnered to transform payments for UK wholesalers using account-to-account payment capabilities.
• OpenPaydminorChannel Partner/ Reseller/ DistributorOpenPayd partnered with Token.io to unlock open banking capabilities for business customers across Europe.
• Money DashboardminorChannel Partner/ Reseller/ DistributorMoney Dashboard chose Token.io for its open banking payment capabilities to enhance its personal finance management platform.
• Upco InternationalminorChannel Partner/ Reseller/ DistributorUpco International selected Token.io to power open banking payment services within its mobile messenger application.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Market position

Strengths5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/token_io
• LinkedInlinkedin.com/company/token-inc-

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds6 records

Investors13 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 Token.io