Next generation

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.

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

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

• Cross-border payments
• Digital asset payments
• Stablecoin infrastructure
• Blockchain payment rails
• Corporate treasury payments

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction/Payment Fees: Volume-based monthly invoicing for payments, swaps, and API usage. Charges per transaction/service rather than per-transaction fees.
2. Stablecoin On/Off Ramp: Free on/off ramps between euros and EUROF (native stablecoin) at 0% commission to drive adoption.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core 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

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• XagocoreStrategic or Co-development Partner · 13 May 2026Partnership 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.
• IAMTNcoreStrategic or Co-development Partner · 1 April 2026IAMTN (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.
• ChainalysiscoreTechnology or Integration · 15 September 2025Integration of Chainalysis blockchain analytics technology to mitigate compliance and AML risks in digital asset transactions.
• SumsubcoreTechnology or Integration · 8 July 2025Partnership for KYC fraud protection. Sumsub provides identity verification and AML compliance services for NGPES onboarding processes.
• France FinTechminorGTM or Marketing Partner · 18 June 2025Industry association membership providing visibility and networking within France's fintech ecosystem.
• La French Tech Grand ParisminorGTM or Marketing Partner · 10 June 2025Industry association membership in the La French Tech ecosystem for startup visibility and ecosystem participation.
• FireblockscoreTechnology or Integration · 28 May 2025Integration of Fireblocks technology for digital asset infrastructure. Fireblocks provides custody, transfer, and settlement capabilities supporting NGPES payment operations.
• ADANminorGTM or Marketing Partner · 20 May 2025Association membership for blockchain and digital assets industry engagement in France.
• DeloittecoreOthers · 1 January 2024Auditing partner for NGPES reserves and processes to ensure transparency and trust. Deloitte provides independent audit services.
• StellarcoreTechnology or IntegrationBlockchain infrastructure provider. NGPES utilizes Stellar network for payment settlement and cross-border transfers.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct 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

• Xx.com/next_ngpes
• LinkedInlinkedin.com/company/ngpseu

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Next generation