Centiglobe
Centiglobe is a Stockholm-based fintech operating Centiglobe Connect, a permissioned DLT network that enables banks and payment service providers to execute instant, two-way cross-border payments via bank-agnostic tokenized deposits and a single API integration.
- Company typePrivate
- Founded2019
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Centiglobe does
Centiglobe is a Stockholm-based fintech that operates Centiglobe Connect, a member-based, permissioned Distributed Ledger Technology (DLT) network enabling banks and payment service providers to send and receive instant, two-way cross-border payments without intermediaries or scattered pre-funding. The platform is built on bank-agnostic tokenized deposits that are 1:1 backed by fiat currency held with licensed third-party custodians, and is designed to operate within existing AML, KYC, and regulatory frameworks rather than relying on cryptocurrencies. Members integrate once via a single API to access all network markets, currencies, and counterparties, with centralized digital collateral replacing the fragmented pre-funding typical of correspondent banking, and multi-currency netting reducing the total liquidity required across the network.
The company's product portfolio centers on two offerings: Centiglobe Connect, the core cross-border payments network, and Centiglobe Smart Pay, a delivery-versus-payment settlement solution for tokenized asset markets that uses time-lock smart contracts. The technology combines blockchain-style settlement efficiency with institutional regulatory alignment, targeting traditional banks seeking to modernize away from correspondent banking rails, payment service providers looking to scale cross-border capabilities with lower marginal cost, and corporates with multi-currency liquidity needs. Strategic partners include Mastercard Move, SaaScada (cloud-native core banking), Bamboo (LATAM payment rails), Accenture, and Strise (AI-powered AML), with named member institutions including ONE.io, Bamboo, and TheroPay.
Centiglobe generates revenue through a combination of recurring network membership fees paid by financial institutions to join the network and transaction processing fees on cross-border payments settled through it, with members also able to earn revenue by offering FX and payout services to other network members. The go-to-market is enterprise sales-led, targeting CXO and treasury decision-makers at banks and PSPs through direct outreach, major industry conferences (Money20/20 Europe, Pay360, Stockholm Fintech Week), thought-leadership content, and a white-glove onboarding model. Founded in 2019 by Dr. Henrik Gradin (now Chief Strategy Officer and Chairman), the company is led by CEO Petter Sandgren (appointed 2020) and operates with 11-50 employees from its Stockholm headquarters, with Confidus Venture Capital as its primary disclosed institutional investor following an over-EUR-5 million round in October 2021.
Centiglobe firmographics
Firmographics- Name
- Centiglobe
- Legal name
- Centiglobe AB
- Website
- https://centiglobe.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Centiglobe is a Stockholm-based fintech operating Centiglobe Connect, a permissioned DLT network that enables banks and payment service providers to execute instant, two-way cross-border payments via bank-agnostic tokenized deposits and a single API integration.
- Ownership category
- akta.pro rank
Centiglobe industry classification
Industry- Product category
- Cross-Border Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Centiglobe is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Centiglobe business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Network Membership Fees: Financial institutions and PSPs pay membership fees to join the Centiglobe Connect network and access cross-border payment capabilities. Membership provides access to the global network of member banks and PSPs, enabling two-way payments, local payout/collection services, and new revenue opportunities.
- Transaction Processing Fees: Fees charged on cross-border payment transactions settled through the network. Members can offer pay-out and FX services to other network members, generating new inflow of payment volume and revenue streams. The network enables low marginal cost per transaction, particularly for small payments.
- FX and Foreign Exchange Services: Members can generate revenue by offering FX services to other network members. FX rates are negotiated directly between members with full transparency, and all FX revenue stays with the members. Centiglobe can integrate FX market makers for efficient currency conversion.
Go-to-market motion4 records
Distribution channels1 record
Marketing channels7 records
Centiglobe product offering
Product offeringCore offering
Centiglobe operates Centiglobe Connect, a member-based distributed ledger technology (DLT) network that enables banks and payment service providers (PSPs) to send and receive instant, two-way cross-border payments without intermediaries or scattered pre-funding. Members access the global network through one API integration, using network-based tokenized deposits (1:1 backed by fiat currency held with licensed custodians) for real-time peer-to-peer settlement. Centiglobe Smart Pay extends the platform to delivery-versus-payment (DvP) settlement for tokenized asset markets.
Product overview
Centiglobe offers a platform centered on Centiglobe Connect, a member-based DLT payment network for instant, two-way cross-border payments. The platform is powered by network-based tokenized deposits that replace correspondent banking chains, enabling peer-to-peer settlement without intermediaries. Centiglobe Smart Pay extends the platform's utility to tokenized asset markets by providing DvP settlement capabilities. Through one API integration, members access a global network for multi-currency payments with centralized pre-funding and reduced capital costs.
Differentiator
Problem solved
Functional benefit
Brands
- Centiglobe Connect: A member-based, DLT-based cross-border payments network powered by tokenized deposits, enabling instant, traceable, and cost-efficient two-way global payments without intermediaries or scattered pre-funding.
Products and services
- Centiglobe Connect
Quantifiable outcome
- Settlement timelines reduced to D+0 or D+1 for LATAM payments
- +3 more outcomes
Companies that use Centiglobe
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Centiglobe technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature6 records
Centiglobe partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- BamboocoreStrategic partnership to streamline cross-border B2B and B2C pay-ins and payouts across the LATAM region. Through this partnership, Centiglobe's network members can access Bamboo's extensive local banking and payment network to operate in Latin America without establishing multiple local entities. Enables settlement timelines typically within D+0 or D+1.
- SaaScadacoreStrategic partnership to deliver modern cross-border payment rails within SaaScada's cloud-native core banking platform. Banks and payment providers gain real-time cross-border settlement through the integration, reducing reliance on traditional rails and intermediaries. Institutions benefit from faster product launches, more capital-effective pre-funding, and increased revenue opportunities. No separate integration required for SaaScada clients.
- Mastercard MovecorePartnership with Mastercard Move to unlock near real-time cross-border payments for consumers and businesses. Listed as a trusted member and partner on the Centiglobe website. The collaboration enables access to Mastercard's global payment infrastructure and network capabilities.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
Centiglobe competitors and assessment
Company assessmentDirect peers
- Partior: Blockchain-based interbank clearing and settlement network founded by DBS, JPMorgan, and Temasek with Standard Chartered and others. Targets exactly the same institutional cross-border payment use case as Centiglobe Connect with multi-bank DLT settlement and tokenized commercial bank money.
- Banking Circle: Payments bank offering cross-border payment infrastructure for financial institutions including banks, PSPs, and fintechs. Competes with Centiglobe on cross-border B2B/B2C payment rails for FIs but without the DLT/tokenized deposit architecture.
- Tassat: Real-time B2B payment network built on permissioned blockchain with tokenized commercial bank deposits for institutional settlement. Direct architectural peer to Centiglobe Connect on the bank-grade tokenized deposit settlement thesis.
- Ripple: RippleNet and Ripple's On-Demand Liquidity (ODL) service use distributed ledger technology to enable real-time cross-border payments between financial institutions. Most directly comparable to Centiglobe on the cross-border bank-to-bank DLT settlement thesis, though Ripple relies on XRP while Centiglobe uses tokenized bank deposits.
- Fnality International: Consortium-backed settlement network using tokenized commercial bank money (utility settlement coins) for wholesale cross-border payments. Same architectural pattern as Centiglobe (permissioned DLT, tokenized bank deposits, regulated bank membership) and competing head-on for the same institutional client base.
- Visa B2B Connect: Visa's bank-to-bank cross-border B2B payment network using distributed ledger rails to settle directly between participating financial institutions. Most comparable on the network-of-banks + DLT settlement value proposition targeting correspondent-bank displacement.
- Mastercard Move: Mastercard's commercial cross-border payment platform offering near real-time payouts and B2B/B2C transfers globally. Comparable as a global cross-border payment rail for FIs, and simultaneously a Centiglobe partner per the company's website, creating both an integration and a competitive overlap.
Emerging players
- Quant Network: Interoperability and payment network using distributed ledger technology to connect banks and payment systems. Comparable on the DLT-based payment rails thesis but with a broader interoperability and CBDC focus rather than a member-settlement model.
Broad incumbents
- SWIFT: Global interbank messaging and correspondent banking network whose GPI service is the incumbent cross-border payment rail Centiglobe explicitly positions against. Most relevant incumbent benchmark for the correspondent banking displacement value proposition.
- Wise Platform: Wise's B2B infrastructure product offering banks and platforms access to Wise's cross-border payment rails. Indirect competitor as an alternative institutional cross-border rail, though Wise is positioned more as a consumer/PSP brand than a bank-to-bank settlement network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
Centiglobe social profiles
Digital presenceCentiglobe financial estimates
Financial estimateRevenue estimate
Valuation estimate
Centiglobe leadership team
Management profileNumber of profiles
Profiles11 records
Centiglobe funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Centiglobe M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Centiglobe
What does Centiglobe do?
Centiglobe operates Centiglobe Connect, a member-based distributed ledger technology (DLT) network that enables banks and payment service providers (PSPs) to send and receive instant, two-way cross-border payments without intermediaries or scattered pre-funding. Members access the global network through one API integration, using network-based tokenized deposits (1:1 backed by fiat currency held with licensed custodians) for real-time peer-to-peer settlement. Centiglobe Smart Pay extends the platform to delivery-versus-payment (DvP) settlement for tokenized asset markets.
Is Centiglobe a public or private company?
Centiglobe is a private company. It is classified as venture growth investor backed and is currently operating.
When was Centiglobe founded?
Centiglobe was founded in 2019. It employs 11 to 50 people.
Where is Centiglobe based?
Centiglobe is headquartered in Stockholm, Sweden, in the Europe region.
How does Centiglobe make money?
Three revenue lines are on record. Network Membership Fees are the primary driver. The others are transaction Processing Fees and FX and Foreign Exchange Services.
Who are Centiglobe's main competitors?
Direct peers on record are Partior, Banking Circle, Tassat, Ripple, Fnality International, Visa B2B Connect and Mastercard Move. Quant Network is listed as an emerging player. Broad incumbents are SWIFT and Wise Platform.
Does Centiglobe have an API?
Yes. One API integration enables members to connect to the Centiglobe network and access all member markets, currencies, and two-way cross-border payment flows. Members integrate once to gain access to global two-way payments, with built-in interoperability for easy expansion. The API supports real-time payment initiation, status tracking, and settlement through the network.
What industry is Centiglobe in?
Centiglobe's product category is Cross-Border Payment Infrastructure. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of FSAGAKAH, Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity). Its NAICS code is 522320 and its SIC code is 6200.