What Paytec does

Paytec Capital Limited is a Guernsey-domiciled investment holding company, incorporated in 2023, that owns a vertically integrated portfolio of regulated financial infrastructure businesses targeting unbanked and underbanked populations across the Global South. The group is organised in four layers: custody and platform infrastructure (Paytec Technologies B.V. in the Netherlands, a MiCA-regulated entity in application that builds and operates the Zeam Platform), stablecoin operations split across single-purpose bankruptcy-remote issuers (Alpine Shield Ltd in Guernsey issuing USDZ, EURZ, GBPZ, XAUZ, and BTCZ; Zeam Mint in South Africa issuing ZARZ), dedicated market-making entities (Zeam Markets in South Africa and the UK), and regulated treasury companies (Zeam Mauritius as MFSC-authorised Treasury Management Service Provider and VASP; Zeam Payments NW Limited in Canada as a FINTRAC-registered MSB). Licensed anchors — Zeam Limited operating as a UK foreign branch across 55 countries, with locally incorporated subsidiaries in South Africa (Zeam SA), Zimbabwe (Zeam Funds) and Namibia (Zeam Payment Technology), alongside Paytec Services (Pty) Ltd trading as BankTech as a SARB-registered Third Party Payment Provider — bridge the Zeam Platform to local banking, mobile money, cash networks, and retailer POS. Shared services include a global customer service operation (Cape Town, Nairobi, Manila, Bangkok), Swiss-domiciled oversight (Citadelle Alpine S.A.), and staff share administration (Radiant Capital Limited).

The core product is the Zeam Platform, which delivers integrated payments, custody, treasury, settlement, compliance, and digital asset services. Revenue is generated through three streams: transaction fees on stablecoin issuance and treasury activities, payment and debit order processing via the BankTech TPPP license, and managed custodial services through the MiCA-regulated Netherlands entity. Pricing is not publicly disclosed; the holding company markets only to a small circle of sophisticated private investors by invitation. Distribution is B2B enterprise/field-sales, channelled through the licensed anchor entities. Across four funding rounds since December 2020, the group has raised roughly $8.2M in aggregate, with the largest single round of approximately $3.98M closing in October 2024. Headcount is 51-100.

Name

Paytec

Legal name

Paytec Capital Limited

Website

https://paytec.global

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

Paytec Capital Limited is a Guernsey-domiciled investment holding company that owns a vertically integrated portfolio of regulated financial infrastructure businesses serving unbanked and underbanked populations across 55 countries in the Global South.

Ownership category

akta.pro rank

Product category

Digital Financial Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industries

Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Margin Trading & Collateralized Borrowing (Exchange-Operated) (FSADAAAL), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

Keywords

• Digital payment infrastructure
• Stablecoin issuance services
• Treasury management services
• Cross-border remittance rails
• Digital asset custody

Headquarters

HQ city

Chester

HQ country

United Kingdom

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Stablecoin Issuance and Treasury Services: Revenue generated through stablecoin issuance operations, market-making activities, and treasury management services across regulated entities in multiple jurisdictions.
2. Payment Processing Services: Revenue from processing payments and debit orders as a registered Third Party Payment Provider (TPPP) regulated by the South African Reserve Bank.
3. Custodial Services: Custodial services provided through MiCA-regulated entity in the Netherlands, supporting digital asset custody and platform operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Paytec Capital is a privately held, vertically integrated financial infrastructure holding company that owns and operates businesses across payments, banking infrastructure, stablecoins, digital assets, treasury services and fintech. The group delivers its offering through the proprietary Zeam Platform (custody, key management, settlement, compliance), a stablecoin operations layer (Mint, Markets, Treasury) supporting USDZ, EURZ, GBPZ, XAUZ, BTCZ and ZARZ, and licensed anchor entities that bridge the platform to local banking, mobile money, cash networks and retailer POS in 55 countries, primarily serving financial institutions, fintechs and licensed operators in Global South markets.

Product overview

Paytec Capital operates as a vertically integrated financial infrastructure holding company organized in four layers: custody and infrastructure (Paytec Technologies B.V.), stablecoin operations (Mint, Markets, Treasury via Alpine Shield, Zeam Mint, Zeam Mauritius, Zeam Markets), Anchors bridging digital value to traditional financial systems (Zeam Limited, Paytec Services/BankTech), and shared services (customer service, governance, employee share holdings). The core offering is the Zeam Platform, which enables integrated payments, banking infrastructure, stablecoin issuance and management (USDZ, EURZ, GBPZ, XAUZ, BTCZ, ZARZ), treasury services, and financial technology across 55 countries with regulated operations in Africa (South Africa, Namibia, Malawi, Zimbabwe), South-East Asia, and Latin America.

Differentiator

Problem solved

Functional benefit

Brands

• Zeam Platform: Digital financial infrastructure platform providing payments, custody, treasury, settlement, compliance and digital asset services.

Products and services

• Zeam Platform Core digital financial infrastructure platform providing custody, key management, payments, treasury, settlement, compliance and digital asset services. Built, operated and secured by Paytec Technologies B.V. in the Netherlands (MiCA regulated entity, in application). Used by Paytec Group entities and licensed counterparties across 55 countries to underpin regulated financial services delivery.
• USDZ Stablecoin US Dollar stablecoin issued by Alpine Shield Ltd, a bankruptcy-remote reserve holding company incorporated in Guernsey. Designed for institutional and licensed operator use cases within the Paytec stablecoin operations stack.
• EURZ Stablecoin Euro stablecoin issued by Alpine Shield Ltd, a bankruptcy-remote reserve holding company based in Guernsey, within the Paytec Group stablecoin operations stack.
• GBPZ Stablecoin British Pound stablecoin issued by Alpine Shield Ltd, a bankruptcy-remote reserve holding company in Guernsey, distributed through the Paytec stablecoin operations stack.
• XAUZ Stablecoin Gold-backed stablecoin issued by Alpine Shield Ltd, a single-purpose bankruptcy-remote reserve holding company in Guernsey, within the Paytec stablecoin operations stack.
• BTCZ Stablecoin Bitcoin-backed stablecoin issued by Alpine Shield Ltd, a bankruptcy-remote reserve holding company in Guernsey, within the Paytec stablecoin operations stack.
• ZARZ Stablecoin South African Rand stablecoin issued by Zeam Mint (Pty) Ltd, a single-purpose bankruptcy-remote reserve holding company incorporated in South Africa, designed for Rand-denominated use cases across Paytec's African anchor network.
• BankTech Payment Processing (Third Party Payment Provider) Payment processing and debit order service provided by Paytec Services (Pty) Ltd trading as BankTech in South Africa, regulated by the South African Reserve Bank as a registered Third Party Payment Provider. Processes payments and debit orders on behalf of clients and also provides unified global customer service with agents in Cape Town, Nairobi, Manila and Bangkok.
• Digital Asset Custody and Platform Operations Custodial services and technical platform operations delivered by Paytec Technologies B.V., a Netherlands-incorporated MiCA regulated entity (in application). Provides custody, key management and core infrastructure for the Zeam Platform, ensuring the group's most critical capabilities are never outsourced.
• Group Treasury and VASP Services Group treasury and Virtual Asset Service Provider services delivered through Zeam Mauritius (MFSC authorised Treasury Management Service Provider and VASP Class M, O, R, with Bank of Mauritius PSP application pending) and Zeam Payments NW Limited (FINTRAC authorised Money Services Business in Canada). Manages the flow of funds for stablecoin operations and provides regulated treasury services across multiple jurisdictions.

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Circle Internet Financial: Issuer of USDC, the leading regulated US-dollar stablecoin, with a comparable vertically integrated model spanning issuance, reserve management, custody and developer APIs — directly comparable to Paytec's USDZ/EURZ/GBPZ stablecoin operations.
• Tether: Issuer of USDT, the largest stablecoin by circulation, operating in the same emerging-market remittance and dollar-access corridors that Paytec targets with USDZ and ZARZ.
• Paxos: Regulated blockchain infrastructure platform that issues USDP and PYUSD stablecoins and provides custody and tokenization services — directly comparable to Paytec's combination of regulated custody (Paytec Technologies B.V.) and stablecoin issuance (Alpine Shield Ltd).
• BVNK: B2B payments infrastructure platform offering stablecoin on/off-ramps, multi-currency wallets and treasury for跨境 businesses, directly comparable to Paytec's Zeam platform positioning for emerging-market payment and treasury use cases.
• Yellow Card: African stablecoin on/off-ramp and payments platform operating across more than 20 countries, directly overlapping with Paytec's Africa-first thesis around ZARZ and cross-border digital dollar access.
• Flutterwave: Pan-African payment infrastructure provider serving banks and fintechs with processing, FX and remittance capabilities — comparable to Paytec's BankTech (TPPP) operations in South Africa and broader payment processing ambitions.
• Chipper Cash: Cross-border payments and remittance app focused on African and global diaspora corridors, competing with Paytec's remittance-focused stablecoin infrastructure and 55-country reach.

Broad incumbents

• Ripple: Provider of cross-border payments infrastructure and the RLUSD stablecoin, competing with Paytec in the remittance corridor business and increasingly in emerging markets where Ripple has established bank partnerships.
• M-Pesa (Safaricom / Vodacom): Dominant mobile money network across Kenya and several African markets with tens of millions of active users — a broad incumbent in the financial inclusion space Paytec targets, and a potential partner or competitor depending on corridor.
• Wise (formerly TransferWise): Multi-currency account, cross-border payments and treasury platform serving both consumers and businesses, overlapping with Paytec's multi-currency stablecoin (USDZ/EURZ/GBPZ) and treasury management positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries14 records

Funding overview

Funding rounds4 records

Investors

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 Paytec