AstroPay

What AstroPay does

AstroPay is a fintech company that operates a multi-currency digital wallet and embedded finance platform serving both consumers and businesses, with a stated founding year of 2009 and headquarters in London, United Kingdom (primary regulated operating entity Larstal Limited, FRN 901001, authorized by the UK Financial Conduct Authority under the Electronic Money Regulations 2011). The company is active in 11+ countries across Latin America (Argentina, Brazil, Colombia, Mexico, Uruguay), Europe (UK, Denmark, Spain), North America (USA, Canada), and Oceania (Australia), supported by multi-jurisdiction regulated entities in Denmark (Larstal Denmark ApS, FTID 40514, Finanstilsynet), the Isle of Man (AstroPay Global IOM Limited, FSA Class 8(2)(a) and (4), plus AP Digital IOM Limited for virtual currency activity), and Brazil (Astro Instituição de Pagamento Ltda, authorized by Banco Central do Brasil as Payment Institution and electronic currency issuer).

The product stack is organized in three layers. The Personal layer centers on a multicurrency digital wallet supporting 11 currencies (ARS, BRL, CLP, COP, EUR, GBP, MXN, PEN, USD, UYU, and Tether USDT stablecoin), with virtual and physical AstroCard debit cards for international and local spending, money transfers to bank accounts worldwide, currency exchange, and a premium Infinite subscription (6% AstroBoost cashback on USD, preferential FX, no exchange fees, AstroCard Global). Supporting modules include AstroPoints loyalty (3x multipliers on deposits, debit card payments, and payment links), the Black Level VIP tier (300,000 AstroPoints in Europe/RoW or 900,000 in Asia for 1.8% AstroCoin cashback and dedicated account managers), and an AstroSessions Spotify brand initiative. The Business layer provides merchant payment acceptance, business accounts, and global accounts for companies managing international operations. The Platform layer, launched in July 2025, exposes Banking-as-a-Service (BaaS) APIs — global accounts, card issuance, online payments, and checkout — that enable partners such as PicPay, LATAM Airlines, Adobe Commerce merchants, and Shopify Plus merchants to embed AstroPay's financial infrastructure as white-label or embedded solutions. Supporting use-case verticals include Gaming, Marketplace, and Manage Payroll.

AstroPay generates revenue through transaction processing fees (deposits, withdrawals, merchant payment acceptance), FX spreads on in-wallet currency conversion, subscription revenue from the Infinite premium tier, and B2B platform service fees for embedded finance and card issuance, with merchant fees negotiated per partner. Distribution combines a product-led direct-to-consumer motion via iOS and Android apps (4.8 Google Play rating with 179K reviews; 4.7 App Store rating with 11K reviews) with a B2B2C embedded partnership model via OEM integrations (PicPay, Adobe Commerce, LATAM Airlines), channel partners (Shopify Plus agencies such as Innovate Group in Argentina, Deel), and technology integrations (Caf for AI fraud prevention). The company employs 251-500 people and reports active operating status across all platform services, though revenue and detailed funding history beyond a 2015 Expand Venture entry are not publicly disclosed.

Name

AstroPay

Legal name

Larstal Limited

Website

https://astropay.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

AstroPay is a London-headquartered fintech operating a multi-currency digital wallet and Banking-as-a-Service platform that serves consumers, merchants, and enterprise partners across 11+ countries in Latin America, Europe, and North America under FCA, Danish FSA, Isle of Man FSA, and Brazilian Central Bank licenses.

Ownership category

akta.pro rank

Product category

Cross-Border Payments & Digital Wallet

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

International / Multi-Currency Wallets (FSAMAEAL)

akta.pro secondary industries

Card Issuing Platforms (Issuer Processing) (FSAGABAD), Card Issuing & Program Management Platforms (BPAMAFAH), Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD)

Keywords

• Cross-border payments
• Digital wallet
• Multi-currency account
• Embedded finance
• Payment processing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Transaction Processing Fees: AstroPay charges transaction fees for payments processed through its platform, including deposits, withdrawals, and merchant payment acceptance. Fees vary by transaction type and currency.
2. Currency Exchange Spread: The platform generates revenue through exchange rate margins when users convert between currencies in their multicurrency wallets.
3. Infinite Subscription: Premium subscription tier offering preferential exchange rates, higher AstroBoost cashback rates, exclusive AstroCard Global access, and member-only rewards and promotions.
4. Business Platform Services: B2B platform services including merchant payment acceptance, business accounts, global accounts, card issuance, and payroll management for enterprise clients.
5. Loyalty Program (AstroPoints): Users earn AstroPoints through deposits, debit card payments, and payment links. Points can be exchanged for money or prizes, with Black Level users (300,000+ points) receiving 1.8% cashback on deposits.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

AstroPay fundamentally operates a multi-currency digital wallet and global payments platform that lets individuals send, receive, exchange and hold money across 11+ currencies (including USDT stablecoin), paired with virtual and physical AstroCard debit cards. On top of the wallet, it offers a Banking-as-a-Service / embedded finance Platform exposing APIs for global account issuance, white-label card issuance, online payments and checkout for partner businesses and merchants.

Product overview

AstroPay operates as a unified global financial operating system built around a multi-currency digital wallet, offering three interconnected layers: (1) a Personal layer with multicurrency accounts, currency exchange, payments, and AstroCard debit cards (virtual and physical), topped by the premium Infinite subscription and AstroRewards loyalty program; (2) a Business layer providing Accept AstroPay merchant services and Business Accounts for companies managing international operations; and (3) a Platform layer (BaaS/embedded finance) exposing global account issuance, card issuance, online payments, and checkout APIs for partners to white-label AstroPay's financial infrastructure. Supporting verticals include Gaming, Marketplace, and Manage Payroll use cases, while AstroSessions and AstroPay Marketplace extend the ecosystem into lifestyle and rewards.

Differentiator

Problem solved

Functional benefit

Brands

• Infinite: Premium subscription plan offering preferential exchange rates, AstroBoost automatic cashback, AstroCard Global access, and exclusive rewards and promotions.
• AstroCard
• AstroBoost
• AstroRewards
• AstroSessions
• Black Level

Products and services

• AstroPay Digital Wallet A multi-currency digital wallet enabling individual consumers to send, receive, pay and exchange money worldwide; supports balances in ARS, BRL, CLP, COP, EUR, MXN, PEN, USDT, GBP, USD and UYU and is delivered via the AstroPay iOS and Android apps.
• AstroCard (Virtual and Physical Debit Cards) Virtual and physical debit cards issued by AstroPay for online and in-store purchases, available in international and local variants with AstroCard Global available to Infinite members.
• Accept AstroPay (Merchant Acceptance) Business-facing product enabling merchants to accept AstroPay as a payment method integrated into their existing checkout flow to reach consumers in Latin America and other emerging markets.
• Business Accounts Multi-currency business accounts that enable companies to manage international payments, payroll and financial operations with multi-currency support.
• AstroPay Platform (Embedded Finance / BaaS) Banking-as-a-Service platform that lets partner companies embed global account issuance, card issuance, online payment processing and checkout APIs as white-label financial infrastructure within their own products.
• Global Accounts (Platform Module) Platform module that enables business partners — such as neobanks and digital banks — to issue multi-currency global accounts (USD, EUR and more) to their end users through AstroPay's licensed infrastructure.
• Issue Cards (Platform Module) White-label card issuance API that allows business partners to issue virtual and physical debit cards to their users through AstroPay's regulated infrastructure.
• Online Payments (Platform Module) Platform module providing online payment processing capabilities for merchants, supporting multiple payment methods and currencies for e-commerce checkout integration.
• Checkout (Platform Module) Payment checkout solution within the AstroPay platform enabling merchants to offer AstroPay wallet and other local payment methods at checkout.
• Infinite (Premium Subscription) Premium subscription plan offering preferential exchange rates, AstroBoost (6% USD automatic cashback credited every business day), no exchange fees, exclusive AstroCard Global access, and member-only rewards and promotions.
• Black Level Users (VIP Loyalty Program) VIP loyalty tier offering 1.8% AstroCoin cashback on deposits, dedicated account managers, exclusive promotions, Astro Experience events, and special limit upgrades, gated by AstroPoints accumulation thresholds.

Quantifiable outcome

• Traditional cross-border payments cost up to 7% in fees and take nearly 5 business days to settle
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• AtendiumminorStrategic or Co-development Partner · 20 March 2026AstroPay and Atendium launched a new partnership announced in March 2026.
• Innovate GroupcoreChannel Partner/ Reseller/ Distributor · 26 February 2026Strategic partnership with Innovate Group, one of the few certified Shopify Plus agencies in Argentina, to recommend AstroPay's payment solutions to Shopify merchants. Innovate Group supports merchants in diversifying payment methods and optimizing checkout performance. Merchants onboarded receive 0% fee promotional period for first three months.
• DeelminorGTM or Marketing Partner · 19 February 2026AstroPay partnered with Deel to enable freelancers and contractors to withdraw their Deel funds through AstroPay, featuring a $15 million startup competition.
• PicPaycoreOEM/ Whitelabel/ Licensing Partner · 11 November 2025PicPay, a major Brazilian digital bank, launched USD and EUR accounts for Brazilian users powered by the AstroPay platform. The integration enables PicPay users to hold, convert, and spend in USD and EUR within the PicPay app, offering competitive FX rates and global spending capabilities.
• Adobe CommercecoreTechnology or Integration · 24 October 2025AstroPay Wallet is now available on Adobe Commerce (Magento), enabling merchants to offer AstroPay as a payment method and reach millions of users across emerging markets.
• LATAM AirlinesminorStrategic or Co-development Partner · 22 October 2025AstroPay provides an enhanced multi-currency digital wallet solution for LATAM Airlines' international crew members, strengthening financial experience for the airline's global workforce.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• dLocal: dLocal is the most direct comparable: a LatAm-anchored payments platform serving cross-border merchants and platforms with localized payment methods in emerging markets. Like AstroPay's Platform/BaaS layer, dLocal enables global merchants to accept regional payment rails across LATAM, Africa, and Asia—mirroring AstroPay's merchant acquiring and partner-embedded distribution model.
• Wise: Wise (formerly TransferWise) is the benchmark multi-currency wallet with consumer and business accounts in 40+ currencies, mirroring AstroPay's multi-currency wallet + AstroCard debit proposition. Both target cross-border consumers and SMBs needing FX-cheaper international transfers and borderless spending.
• Revolut: Revolut operates a global multi-currency digital wallet with virtual and physical debit cards, FX exchange, and embedded business banking—directly paralleling AstroPay's Personal/Business stack (multicurrency account, AstroCard, Infinite subscription). Both target borderless consumers and freelancers and have expanded into Latin America.
• Payoneer: Payoneer provides cross-border payment accounts, multi-currency receiving accounts, and prepaid cards for freelancers, marketplaces, and SMBs—closely aligned with AstroPay's freelancer/SMB use cases (Deel partnership, Global Accounts, AstroCard). Both monetize FX spreads and virtual card issuance for the cross-border workforce.
• Airwallex: Airwallex offers multi-currency business accounts, global payments, and card issuance APIs targeting platform-embedded use cases—the same B2B/BaaS proposition as AstroPay's Platform division. Both compete for white-label embedded finance and merchant acquiring in emerging markets.
• EBANX: EBANX is a LATAM-focused cross-border payment processor serving global merchants entering Brazil, Mexico, Argentina, and other LATAM markets. The business model and target use cases directly overlap with AstroPay's 'Accept AstroPay' and Platform divisions serving LATAM merchants and platforms.
• Remitly: Remitly is a digital remittance platform serving the LATAM/Asia-to-US corridor, directly overlapping with AstroPay's cross-border consumer payments use case. Both serve senders needing low-fee transfers to LATAM with mobile-first UX.

Broad incumbents

• Mercado Pago: Mercado Pago is the dominant LATAM digital wallet and payment processor, embedded inside the MercadoLibre commerce ecosystem. While much broader in scale and consumer reach, it competes head-on with AstroPay in multi-currency wallet, P2P payments, and merchant acquiring across Brazil, Argentina, Mexico, and Uruguay.
• PayPal: PayPal operates a global digital wallet with multi-currency accounts (PayPal/Xoom), debit cards, and merchant acquiring—the broad incumbent against which AstroPay's consumer wallet competes. PayPal's Xoom remittance product and Honey merchant integrations overlap with AstroPay's consumer payment and partner-embedded distribution plays.
• Paysafe: Paysafe provides alternative payment solutions including digital wallets (Skrill, NETELLER) and prepaid card issuance—comparable to AstroPay's prepaid/virtual-card Stripe productized into the gaming and digital marketplace verticals. Both serve similar platform-embedded gaming/marketplace merchant segments.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/astropaycard

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

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 AstroPay