Yordex
Yordex is a London-based B2B SaaS payment orchestration platform that lets businesses and nonprofits issue cards and virtual IBANs via a single API connecting to multiple payment service providers globally.
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Yordex does
Yordex Ltd is a London-based private limited company that operates a B2B SaaS payment-orchestration platform enabling businesses and nonprofits to issue physical and virtual cards and virtual International Bank Account Numbers (IBANs). Its core product is a PSP-orchestration middleware that connects customers to multiple payment service providers — including Highnote, Stripe, Nium, and Railsbank/Payrnet under a Visa scheme — through a single API integration, with routing logic designed to select the lowest-cost provider per country and use case. The platform is positioned as faster and cheaper than building such infrastructure in-house (the company cites 18+ months and $2m+ as the alternative cost baseline), supported by modules covering card issuance, automated disbursements, a flexible workflow engine, expense management, an admin/reporting backend, a mobile app, and a dedicated cash-assistance offering for humanitarian organisations.
The company's commercial model combines transaction-based fees (interchange and payment processing) with subscription access to the platform; pricing is quote-based, undisclosed publicly, and tied to use case, volume, and geography. Its go-to-market is primarily enterprise-focused direct sales supplemented by free use-case reviews, with an API-first distribution layer allowing platforms and marketplaces to embed card-issuing and virtual-IBAN capabilities. Target verticals span humanitarian aid and nonprofits, employee banking for distributed and gig workforces, care-sector fund management, and corporate expense programmes at scale; named reference customers include University of Dundee, Shein, Modulr, Dimension, Railsbank, and Alliedcare.
Yordex was founded in 2017 by a team of ex-Worldpay executives; disclosed funding consists of a single $652,650 round led by Bloc Ventures in February 2019, with no subsequent priced rounds or M&A activity in the public record. Leadership comprises CEO and co-founder Erik De Kroon, CTO and co-founder Hardeep Nagi, and non-executive director Michael Dimelow. The registered office is at 51-52 St John's Square, London EC1V 4JL; the company operates under Terms referencing FCA-authorised e-money institution PayrNet Limited for card issuance.
Yordex firmographics
Firmographics- Name
- Yordex
- Legal name
- Yordex Ltd
- Website
- https://yordex.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Yordex is a London-based B2B SaaS payment orchestration platform that lets businesses and nonprofits issue cards and virtual IBANs via a single API connecting to multiple payment service providers globally.
- Ownership category
- akta.pro rank
Yordex industry classification
Industry- Product category
- Payment Orchestration Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Card Issuing & Program Management Platforms (BPAMAFAH)
- akta.pro secondary industries
- Card Issuing Platforms (Issuer Processing) (FSAGABAD), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where Yordex is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Yordex business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: Revenue generated from payment processing fees when cards are used for transactions. The platform enables businesses to earn card interchange revenue while reducing payment costs through optimal PSP routing.
- Software Platform Subscription: Subscription-based access to the Yordex platform for card issuing, spend management, and payment orchestration services. Price plans are purchased pursuant to agreed terms.
- Card Interchange Revenue: Businesses issuing their own cards can earn card interchange revenue from transactions, with Yordex facilitating the infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing based on use case and volume |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Yordex product offering
Product offeringCore offering
Yordex is a PSP orchestrator platform that enables businesses and nonprofits to issue their own physical and virtual cards as well as virtual IBANs through a single API integration. The platform connects to multiple payment service providers (including Highnote, Stripe, Nium, and Railsbank) to deliver global card issuance, automated disbursements, expense management, and spend controls across 189 countries. Implementation is positioned as taking weeks versus 18+ months and $2m+ to build comparable infrastructure in-house.
Product overview
Yordex is an embedded payments platform (described as a 'PSP orchestrator') that provides a unified API-based infrastructure enabling businesses, nonprofits, and platforms to issue their own cards and virtual IBANs. The offering is architected as a core platform with integrated modules: the Payments Platform serves as the foundation providing card issuance and virtual IBAN capabilities; this connects to multiple payment service providers (Highnote, Stripe, Nium, and banking partners) through a single integration. Module layers include Expense Management for spend controls across multiple cards/users, Automated Disbursements for instant fund transfers, a Flexible Workflow Engine for process automation, an Admin and Support Backend for configuration and reporting, the Card Disbursements/Cash Assistance module for humanitarian use cases, and a Yordex Mobile App for end-user access. The platform targets sectors including humanitarian aid, employee banking, gig economy, and expense management at scale.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Improve payment fees and earn rebates by over 30%
- +3 more outcomes
Companies that use Yordex
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles4 records
Yordex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Yordex partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- HighnotecoreHighnote is a payment service provider partner integrated into Yordex's orchestration platform, enabling card issuing and payment processing for Yordex customers.
- StripecoreStripe is integrated as a payment service provider within Yordex's platform, offering card issuing capabilities to Yordex customers alongside Stripe's broader payment infrastructure.
- NiumcoreNium is a PSP partner providing global card issuing and payment services through Yordex's platform, particularly valuable for international disbursements and multi-currency capabilities.
- RailsbankcoreRailsbank provides banking infrastructure and e-money services through its Live platform. Yordex serves as a customer of Railsbank's platform, accessing banking services to enable card issuing and virtual IBAN capabilities.
- Payrnet LimitedcorePayrNet Limited is an Electronic Money Institution authorised by the FCA (reference 900594) that issues Visa cards for Yordex. PayrNet is a wholly-owned subsidiary of Railsbank.
- VisacoreVisa provides the card network for Yordex-issued cards. Cards are issued under Visa's scheme with appropriate terms and conditions governing cardholder use.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
Yordex competitors and assessment
Company assessmentDirect peers
- Marqeta: Public card-issuing platform providing APIs for physical and virtual card issuance with programmability and multi-rail routing. Directly comparable to Yordex's card issuance and orchestration layer, though at much greater scale and with its own licensing.
- Lithic: US-focused card issuing infrastructure platform serving fintechs and platforms with APIs for virtual and physical card programs. Comparable to Yordex's core card issuance offering and spend controls, though operating primarily in a single regulatory jurisdiction.
- Unit: Embedded banking and card issuing platform that combines accounts, cards, and lending through APIs. Closely comparable to Yordex's combined card + virtual IBAN offering for platforms and fintechs building financial features into their products.
- Treasury Prime: Banking-as-a-service platform providing APIs for accounts, cards, and payments connecting fintechs to a network of sponsor banks. Directly comparable to Yordex's orchestration of multiple banking/PSP partners under a single API layer.
- Highnote: Modern card issuing platform with spend management, ledger, and program management capabilities. Both a direct competitor to Yordex in card issuance and an upstream partner integrated into Yordex's orchestration platform.
- Payhawk: European spend management platform issuing corporate cards with expense automation, approvals, and integrations to accounting systems. Closely comparable to Yordex's expense management module and corporate card use case.
- Pleo: European corporate card and expense management provider serving SMBs and mid-market with virtual and physical cards, spend controls, and integrations. Comparable to Yordex's expense management at scale offering, though focused on direct SMB distribution rather than orchestration.
- Spendesk: European spend management platform combining prepaid cards, automated approvals, and bookkeeping integrations. Comparable to Yordex's expense management module and corporate card use case for European SMB and mid-market customers.
Broad incumbents
- Stripe Issuing: Card issuing capability within Stripe's broader payments platform, enabling platforms and fintechs to create and manage card programs. A broad incumbent offering card issuance as part of a wider payments stack; overlaps directly with Yordex's core offering.
- Galileo Financial Technologies: Established payment processing and card issuing platform owned by SoFi, serving banks and fintechs with API-based infrastructure. Comparable to Yordex at scale, though as a much larger incumbent serving a broad portfolio of financial institutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Yordex social profiles
Digital presenceYordex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yordex leadership team
Management profileNumber of profiles
Profiles3 records
Yordex funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yordex 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 Yordex
What does Yordex do?
Yordex is a PSP orchestrator platform that enables businesses and nonprofits to issue their own physical and virtual cards as well as virtual IBANs through a single API integration. The platform connects to multiple payment service providers (including Highnote, Stripe, Nium, and Railsbank) to deliver global card issuance, automated disbursements, expense management, and spend controls across 189 countries. Implementation is positioned as taking weeks versus 18+ months and $2m+ to build comparable infrastructure in-house.
Is Yordex a public or private company?
Yordex is a private company. It is classified as venture growth investor backed and is currently operating.
When was Yordex founded?
Yordex was founded in 2017. It employs 11 to 50 people.
Where is Yordex based?
Yordex is headquartered in London, United Kingdom, in the Europe region.
How does Yordex make money?
Three revenue lines are on record. Payment Processing Fees are the primary driver. The others are software Platform Subscription and card Interchange Revenue.
Who are Yordex's main competitors?
Direct peers on record are Marqeta, Lithic, Unit, Treasury Prime, Highnote, Payhawk, Pleo and Spendesk. Broad incumbents are Stripe Issuing and Galileo Financial Technologies.
Does Yordex have an API?
Yes. Yordex provides an API that enables access to financial services including virtual bank accounts, card issuance, and payment processing. The Services (as defined in their Terms) include financial services accessed via the API, as described on https://docs.yordex.com. The platform supports integrations to payment service providers through a single connection and allows automated disbursements, spend control, and reporting via API and CSV uploads. Developer documentation is at docs.yordex.com.
What industry is Yordex in?
Yordex's product category is Payment Orchestration Software. Its primary akta.pro industry code is BPAMAFAH, Card Issuing & Program Management Platforms, with a secondary code of FSAGABAD, Card Issuing Platforms (Issuer Processing). Its NAICS code is 522320 and its SIC code is 7372.