SH Financial
SH Financial provides international businesses with multi-currency accounts, IBANs, vIBANs, cross-border payments, transactional FX, and direct VISA card issuance through a unified digital platform. Licensed as an Electronic Money Institution (EMI 87) and VISA Principal Partner.
- Company typePrivate
- Founded2020
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingServices
What SH Financial does
SH Financial is a digital-first financial services provider and a wholly-owned subsidiary of Stanhope Financial Group Holdings Ltd, targeting international businesses with a unified suite of cross-border financial infrastructure. Its product portfolio includes international business accounts, IBAN and vIBAN issuance, multi-currency wallets, cross-border payments, transactional FX, and corporate VISA card issuance, all delivered through the sh.financial online platform. The company is licensed by the Central Bank of Lithuania as an Electronic Money Institution (license EMI 87) and operates as a VISA Principal Member, enabling direct card issuance without a sponsor bank.
The business model blends recurring revenue from account-related services with transaction-based revenue from cross-border payments, FX margins, and card interchange. Distribution is primarily self-serve and digital, targeting SMBs and enterprise customers globally, supplemented by Tier 1 banking partners and fintech integrators. Beyond the core fiat offering, SH Financial expanded into blockchain-based services through a November 2022 partnership with Chain4Travel to launch stablecoins on the Camino Blockchain. Operating headcount is small (11-50 employees) and the company is part of a broader Stanhope group that includes SH Capital (DFSA-licensed wealth and asset management) and SH Digital, positioning SH Financial as the payments and banking arm of a multi-vertical financial services group headquartered in Dubai with primary licensing in Lithuania.
SH Financial firmographics
Firmographics- Name
- SH Financial
- Legal name
- Stanhope Financial Group Holdings Ltd
- Website
- https://sh-financial.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SH Financial provides international businesses with multi-currency accounts, IBANs, vIBANs, cross-border payments, transactional FX, and direct VISA card issuance through a unified digital platform. Licensed as an Electronic Money Institution (EMI 87) and VISA Principal Partner.
- Ownership category
- akta.pro rank
SH Financial industry classification
Industry- Product category
- Cross-Border Business Banking
- NAICS
- Finance and Insurance (52), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- Finance Services (6199), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where SH Financial is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
SH Financial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- International Business Account Services: Revenue generated from providing international business accounts with IBANs, vIBANs, and multi-currency wallet services
- Cross-border Payment Processing: Transaction fees and FX margins from cross-border payments and transactional FX services
- VISA Card Issuance: Revenue from VISA card issuance as a VISA Principal Partner
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
SH Financial product offering
Product offeringCore offering
SH Financial provides international business accounts combined with cross-border payments, transactional FX, IBAN and vIBAN issuance, multi-currency wallets, and corporate VISA card issuance on a single digital platform. The company operates as a licensed Electronic Money Institution (EMI 87) under the Central Bank of Lithuania and as a VISA Principal Partner, enabling direct card network access for business customers.
Product overview
SH Financial is a unified financial services platform offering a comprehensive suite of business banking products including international business accounts, cross-border payments, transactional FX services, IBAN and vIBAN accounts, multi-currency wallets, and VISA card issuance. The platform operates as an all-in-one solution licensed by the Central Bank of Lithuania (EMI 87) and functions as a VISA Principal Partner, enabling direct card issuance capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- International Business Accounts Business bank accounts enabling international operations with cross-border payment capabilities for companies operating across multiple jurisdictions.
- Cross-Border Payments International money transfer services enabling businesses to send and receive payments across multiple jurisdictions through SH Financial's digital platform.
- Transactional FX Services Foreign exchange services integrated with transactional capabilities allowing businesses to convert currencies as part of their payment workflows.
- IBAN Accounts International Bank Account Number services providing businesses with standardized international banking identifiers for receiving and making payments globally.
- vIBAN Accounts Virtual International Bank Account Number services enabling businesses to manage digital banking operations with virtual account identifiers for receivables and reconciliation.
- Multi-Currency Wallets Digital wallets supporting multiple currencies that allow businesses to hold, manage, and transact in various currencies through a single unified interface.
- VISA Card Issuance Corporate VISA card issuance service allowing businesses to obtain payment cards directly from SH Financial as a VISA Principal Member for business spending and expense management.
- Secure Stablecoins on Camino Blockchain Secure stablecoin product enabling blockchain-based financial transactions on the Camino Blockchain, developed in partnership with Chain4Travel for use cases such as the travel industry ecosystem.
Companies that use SH Financial
Customer profileSegments1 record
Ideal customer profiles1 record
SH Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
SH Financial partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Chain4TravelcoreSH Financial launched secure stablecoins for Camino Blockchain in partnership with Chain4Travel (November 2022). This partnership enables blockchain-based financial services integration for the travel industry ecosystem.
- VISAcoreSH Financial became a VISA Principal Member in April 2023, enabling direct VISA card issuance and acceptance services. This principal membership status provides direct access to VISA's global payment network.
- Tier 1 Banking ProviderscoreSH Financial aggregates financial services through partnerships with Tier 1 banking providers as part of their network model, enabling access to established banking infrastructure.
Scale indicators4 records
Recent moves5 records
Expansion highlights6 records
SH Financial competitors and assessment
Company assessmentBroad incumbents
- Stripe: Stripe offers global payment processing with multi-currency support and corporate cards via Stripe Issuing. Adjacent incumbent with broader scale and product portfolio, but with overlapping card issuance and cross-border capabilities relevant to SH Financial's roadmap.
- Banking Circle: Banking Circle provides banking-as-a-service infrastructure for cross-border payments and multi-currency accounts to fintechs and banks. Overlaps with SH Financial's payment and account capabilities but serves partners rather than end SMBs directly.
Direct peers
- Modulr: Modulr is a UK-based EMI offering accounts, payments, and card infrastructure to businesses via APIs. Comparable to SH Financial on the EMI-led payments model and the multi-currency account proposition.
- Wise (formerly TransferWise): Wise offers multi-currency business accounts with IBANs, cross-border payments, and transactional FX to SMBs globally. It is the most direct competitor to SH Financial's core suite and the benchmark on FX pricing and payment speed.
- Statrys: Statrys offers multi-currency business accounts and cross-border payments to Asian and international SMBs. Comparable niche fintech targeting international businesses with an EMI-style offering.
- Paysera: Paysera is a Lithuania-based EMI providing multi-currency accounts, payments, and card services across Europe. Same regulatory home as SH Financial and a direct regional competitor in the EMI-anchored cross-border space.
- Revolut Business: Revolut's business product bundles multi-currency accounts, IBANs, expense cards, and cross-border payments in a single app. Comparable to SH Financial's integrated platform approach and target SMB segment.
- Airwallex: Airwallex provides global business accounts, multi-currency wallets, FX, and cross-border payments to SMBs and enterprises. Closely comparable to SH Financial on product surface and international SMB target market.
- Payoneer: Payoneer offers multi-currency receiving accounts, cross-border payouts, and corporate cards to SMBs and freelancers. Overlaps directly with SH Financial on cross-border business accounts and payment services.
- Nium: Nium provides cross-border payments, multi-currency accounts, and card issuance-as-a-service with global license coverage. Competes with SH Financial on FX, payouts, and card issuance rails.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks1 record
Key highlights6 records
Customer concentration
SH Financial social profiles
Digital presenceSH Financial compliance and trust
Trust signalCompliance2 records
SH Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
SH Financial leadership team
Management profileNumber of profiles
SH Financial funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SH Financial 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 SH Financial
What does SH Financial do?
SH Financial provides international business accounts combined with cross-border payments, transactional FX, IBAN and vIBAN issuance, multi-currency wallets, and corporate VISA card issuance on a single digital platform. The company operates as a licensed Electronic Money Institution (EMI 87) under the Central Bank of Lithuania and as a VISA Principal Partner, enabling direct card network access for business customers.
Is SH Financial a public or private company?
SH Financial is a private company. It is classified as corporate owned and is currently operating.
When was SH Financial founded?
SH Financial was founded in 2020. It employs 11 to 50 people.
Where is SH Financial based?
SH Financial is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does SH Financial make money?
Three revenue lines are on record. International Business Account Services are the primary driver. The others are cross-border Payment Processing and VISA Card Issuance.
Who are SH Financial's main competitors?
Broad incumbents on record are Stripe and Banking Circle. Direct peers are Modulr, Wise (formerly TransferWise), Statrys, Paysera, Revolut Business, Airwallex, Payoneer and Nium.
Does SH Financial have an API?
No public API is recorded for SH Financial.
What industry is SH Financial in?
SH Financial's product category is Cross-Border Business Banking. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 52 and its SIC code is 6199.