Next generation
Next Generation (NGPES) is a Paris-based fintech offering businesses a regulated cross-border payment platform that unifies IBAN-linked fiat accounts with multi-chain stablecoin wallets (EUROF, EURC, USDC) for sending, receiving, converting, and custodying funds globally.
- Company typePrivate
- Founded2023
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Next generation does
Next Generation (NGPES) is a Paris-based fintech founded in 2023 that operates a borderless fiat and digital asset payment platform for businesses. The platform unifies SEPA-based IBAN accounts with custodial wallets on Ethereum, Polygon, and Stellar, and adds the EUROF native stablecoin alongside EURC and USDC support, enabling enterprises to send, receive, convert, and custody funds across fiat and digital assets within a single operational environment. It targets multinational groups, fintechs and PSPs, crypto and Web3 companies, import/export businesses, freelancer platforms, and e-commerce brand groups that face fragmented providers, delayed settlement, and opaque FX costs in cross-border flows.
The company's underlying technology combines IBAN-linked custodial wallets with multi-chain stablecoin infrastructure, wrapped around EU regulatory guardrails. Through its wholly-owned subsidiary NGPES Digital SAS (formerly Lugh Financial Services, acquired from Casino Group in Q1 2025), NGPES holds a Digital Asset Service Provider (DASP) registration in France, with Electronic Money Institution (EMI) and Crypto-Asset Service Provider (CASP) license applications in progress. Compliance with GDPR, DORA, and MiCA is built into the operating model, and infrastructure is anchored by partners including Fireblocks (custody), Sumsub (KYC/AML), Chainalysis (blockchain analytics), Stellar (settlement), and Deloitte (audit).
NGPES monetizes primarily through volume-based monthly invoicing for payments, swaps, and API usage, while running a 0% commission on EUROF euro on/off ramps to drive adoption. Distribution combines direct enterprise sales with channel partnerships such as IAMTN for mainstream cross-border adoption and Xago for 20+ African currency corridors. The company has raised $5M in seed funding (2025) and recognized in Finance Innovation's Fintech 100 with the Finance Innovation label in 2026, positioning itself as a regulated EU alternative for tokenized cross-border B2B payments.
Next generation firmographics
Firmographics- Name
- Next generation
- Legal name
- Next Generation, SAS
- Website
- https://ngpes.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Next Generation (NGPES) is a Paris-based fintech offering businesses a regulated cross-border payment platform that unifies IBAN-linked fiat accounts with multi-chain stablecoin wallets (EUROF, EURC, USDC) for sending, receiving, converting, and custodying funds globally.
- Ownership category
- akta.pro rank
Next generation industry classification
Industry- Product category
- Cross-Border Payment Infrastructure
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Miscellaneous Intermediation (523910)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
- akta.pro secondary industries
- Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
Keywords
Where Next generation is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Next generation business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Transaction/Payment Fees: Volume-based monthly invoicing for payments, swaps, and API usage. Charges per transaction/service rather than per-transaction fees.
- Stablecoin On/Off Ramp: Free on/off ramps between euros and EUROF (native stablecoin) at 0% commission to drive adoption.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Euro/Stablecoin Conversions |
| Usage-based | Monthly | Payments, Swaps, API Usage |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Next generation product offering
Product offeringCore offering
Next Generation (NGPES) provides a borderless fiat and digital asset payment platform for businesses, combining IBAN-linked custodial wallets, EU-regulated stablecoin infrastructure (EURF, EURC, USDC), and multi-chain blockchain support (Ethereum, Polygon, Stellar) with traditional banking rails (SEPA). The platform enables enterprises to send, receive, convert, and custody funds globally, supporting intra-group treasury rebalancing, cross-border settlements, and on/off-ramps between fiat and digital assets within a single operational setup.
Product overview
NGPES (Next Generation Payment Ecosystem) is a unified payment platform that bridges traditional finance and digital assets for business payments. The core platform combines IBAN-linked wallets, custodial digital asset wallets, and EU-regulated stablecoin infrastructure to enable Send, Receive, Convert, and Custody operations for fiat and digital assets globally. Supporting modules include Intra-Company Payments for treasury rebalancing across entities, Cross-Network Conversion for moving value between blockchain networks, and On/Off Ramp solutions for fiat-crypto transitions. The platform supports Ethereum, Polygon, and Stellar blockchains and supports assets including EURF (native stablecoin), EURC, and USDC.
Differentiator
Problem solved
Functional benefit
Brands
- NGPES Digital: Digital asset services entity offering DASP and CASP registrations for digital asset custody, exchange, and payment services.
- NGPES Payments
Products and services
- NGPES Payment Ecosystem The core borderless fiat and digital asset payment platform enabling businesses to send, receive, convert, and custody funds globally. Combines IBAN-linked wallets, custodial digital asset wallets, and EU-regulated stablecoin infrastructure for enterprise clients.
- Intra-Company Payments Standalone module for multi-entity businesses managing intra-group payments, treasury rebalancing, group liquidity custody, and cross-border internal transfers across entities, jurisdictions and currencies using fiat and digital assets.
- EUROF (EURF) Stablecoin Native euro-denominated stablecoin on the NGPES platform, built for structured payment, settlement, and liquidity flows within the EU MiCA regulatory framework. Offered at 0% commission for euro on/off ramps.
Quantifiable outcome
- 60+ countries with instant payment systems already live
- +2 more outcomes
Companies that use Next generation
Customer profileSegments6 records
Ideal customer profiles4 records
Next generation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
Next generation partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- XagocorePartnership to advance international cross-border digital payments. Xago and NGPES integrate payment systems across 20+ African currencies, enabling euro transfers and digital asset payments into African markets.
- IAMTNcoreIAMTN (International Association of Mobile and Alternative Finance) and NGPES partnership to bridge traditional finance and DeFi. Aims to bring stablecoins into mainstream cross-border payments, integrating blockchain rails with traditional banking infrastructure.
- ChainalysiscoreIntegration of Chainalysis blockchain analytics technology to mitigate compliance and AML risks in digital asset transactions.
- SumsubcorePartnership for KYC fraud protection. Sumsub provides identity verification and AML compliance services for NGPES onboarding processes.
- France FinTechminorIndustry association membership providing visibility and networking within France's fintech ecosystem.
- La French Tech Grand ParisminorIndustry association membership in the La French Tech ecosystem for startup visibility and ecosystem participation.
- FireblockscoreIntegration of Fireblocks technology for digital asset infrastructure. Fireblocks provides custody, transfer, and settlement capabilities supporting NGPES payment operations.
- ADANminorAssociation membership for blockchain and digital assets industry engagement in France.
- DeloittecoreAuditing partner for NGPES reserves and processes to ensure transparency and trust. Deloitte provides independent audit services.
- StellarcoreBlockchain infrastructure provider. NGPES utilizes Stellar network for payment settlement and cross-border transfers.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Next generation competitors and assessment
Company assessmentDirect peers
- BVNK: BVNK builds enterprise-grade stablecoin payment infrastructure for businesses, enabling global payouts and receivables across fiat and digital assets. Direct competitor to NGPES in the EU/UK corporate stablecoin payments category with similar B2B positioning.
- Bitnob: Bitnob provides stablecoin-based payment infrastructure focused on Africa and emerging markets, including remittances and business payouts. Closely aligned with NGPES's Europe-Africa corridor ambitions via Xago.
- Circle: Circle is the issuer of USDC and EURC and offers Circle Payments network APIs for businesses to move value via stablecoins. Competes directly with NGPES on EURC support and on-chain payment orchestration for enterprises.
- Currencycloud (Visa): Currencycloud, now part of Visa, offers cross-border payment orchestration and FX infrastructure for fintechs and corporates. Comparable to NGPES on multi-currency, API-first B2B cross-border payment flows.
- Ripple: Ripple provides cross-border payments infrastructure using blockchain rails (XRP Ledger and RLUSD stablecoin) for banks and enterprises. Comparable to NGPES on enterprise-grade, regulated, blockchain-based cross-border B2B payments.
- Alchemy Pay: Alchemy Pay operates a global crypto on/off-ramp and payment gateway used by merchants and platforms. Comparable to NGPES's fiat-crypto conversion and ramp offerings for cross-border business flows.
- Ramp Network: Ramp Network provides fiat-to-crypto on/off-ramp APIs and embedded buying experiences for apps and platforms. Overlaps with NGPES on ramp infrastructure and fiat-stablecoin conversion functionality.
Regional players
- Yellow Card: Yellow Card is a Pan-African crypto and stablecoin payments platform serving individuals and businesses across 20+ African countries. Comparable to NGPES's African currency coverage via Xago partnership.
Others
- Fireblocks: Fireblocks is a NGPES infrastructure partner providing custody, transfer, and settlement technology for digital assets. Included as an ecosystem participant rather than a direct competitor, since NGPES embeds Fireblocks into its payment stack.
Broad incumbents
- Stripe: Stripe operates a global payments platform with growing stablecoin and crypto on-ramp capabilities for businesses. A broader incumbent that competes for the same enterprise treasury and cross-border wallet use cases NGPES targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Next generation social profiles
Digital presenceNext generation compliance and trust
Trust signalCompliance8 records
Next generation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Next generation leadership team
Management profileNumber of profiles
Profiles7 records
Next generation subsidiaries and ownership
Company hierarchySubsidiaries2 records
Next generation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Next generation M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Next generation
What does Next generation do?
Next Generation (NGPES) provides a borderless fiat and digital asset payment platform for businesses, combining IBAN-linked custodial wallets, EU-regulated stablecoin infrastructure (EURF, EURC, USDC), and multi-chain blockchain support (Ethereum, Polygon, Stellar) with traditional banking rails (SEPA). The platform enables enterprises to send, receive, convert, and custody funds globally, supporting intra-group treasury rebalancing, cross-border settlements, and on/off-ramps between fiat and digital assets within a single operational setup.
Is Next generation a public or private company?
Next generation is a private company. It is classified as venture growth investor backed and is currently operating.
When was Next generation founded?
Next generation was founded in 2023. It employs 11 to 50 people.
Where is Next generation based?
Next generation is headquartered in Paris, France, in the Europe region.
How does Next generation make money?
Two revenue lines are on record. Transaction/Payment Fees are the primary driver. The others are stablecoin On/Off Ramp.
Who are Next generation's main competitors?
Direct peers on record are BVNK, Bitnob, Circle, Currencycloud (Visa), Ripple, Alchemy Pay and Ramp Network. Yellow Card is listed as a regional player. Fireblocks is listed as an others. Stripe is listed as a broad incumbent.
Does Next generation have an API?
No public API is recorded for Next generation.
What industry is Next generation in?
Next generation's product category is Cross-Border Payment Infrastructure. Its primary akta.pro industry code is FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury), with a secondary code of FSADADAF, Stablecoin Payment Rails & Settlement Networks (Issuer-Led). Its NAICS code is 5231 and its SIC code is 6200.