Narvi Payments
- Company typePrivate
- Founded2021
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingServices
Narvi Payments firmographics
Firmographics- Name
- Narvi Payments
- Legal name
- Narvi Payments Oy Ab
- Website
- https://narvi.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Narvi Payments industry classification
Industry- Product category
- Business Banking
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Cross-Border & FX Payments Platforms (BPAMAFAK), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)
Keywords
Where Narvi Payments is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Narvi Payments business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others
Revenue model
- Account Subscription Fees: Monthly or annual subscription fees for multi-currency IBAN account access, with pricing tailored to business risk profile, industry type, and incorporation location.
- Transaction Fees: Fees charged per transaction for SEPA, SEPA Instant, and SWIFT transfers processed through the platform.
- Banking-as-a-Service (BaaS): White-label or embedded banking infrastructure services enabling other platforms to offer IBAN accounts and payment capabilities under their own brand.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Customized pricing based on business profile |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Narvi Payments product offering
Product offeringCore offering
Narvi Payments operates a Finnish-regulated Electronic Money Institution platform that issues dedicated Finnish IBAN business accounts and processes SEPA Instant and SWIFT payments in multiple currencies for international companies, fintechs, and higher-risk industries. The platform combines a self-serve 10-minute digital onboarding flow with a proprietary Treasury Desk for FX and global payments, and a Banking-as-a-Service API that lets other platforms issue IBANs and embed payment capabilities under Narvi's EMI license.
Product overview
Narvi Payments operates as a Finland-regulated Electronic Money Institution (EMI) offering a unified business banking platform centered on dedicated IBAN accounts and international payment services. The core product is the Dedicated IBAN Account, which serves as the foundation for SEPA Instant payments (enabling real-time euro transfers across Europe) and SWIFT-based global transfers. The Treasury Desk module extends capabilities with multi-currency support and FX services. Additional modules include Multi-User Access for team banking, an Online Banking Platform for account management, and Banking as a Service (BaaS) for partners seeking to embed financial services under Narvi's licensing umbrella. Upcoming offerings include borderless debit cards and multi-currency IBAN accounts. The platform is marketed to SMEs, alternative investment funds, family offices, and industries like iGaming, Web3/Crypto, and shipping.
Differentiator
Problem solved
Functional benefit
Products and services
- Dedicated IBAN Account A Finnish business banking account that issues a unique dedicated IBAN starting with FI (Finland) under the customer's company name, enabling businesses to send and receive SEPA and SWIFT payments globally with full company-name transparency on transactions. Targeted at international businesses, fintechs, and higher-risk industries needing a regulated European account.
- SEPA Instant Real-time euro payment service that uses Smart Routing Technology to enable instant SEPA transfers 24/7 across 36 SEPA countries, with no stated limits on euro transfers. Offered to businesses holding a Narvi Dedicated IBAN Account.
- Banking as a Service (BaaS) A licensing and regulatory platform that lets partner businesses integrate Narvi's financial services — including IBAN account issuance and SEPA/SWIFT payments — into their own products under Narvi's EMI licensing umbrella. Includes API access from day one, regulatory coverage, and managed KYC, onboarding and compliance processes. Targeted at fintech platforms, embedded finance providers, and platforms such as Fiinova.
Companies that use Narvi Payments
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Narvi Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Narvi Payments partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MastercardcoreNarvi Payments is a member of the Mastercard Lighthouse FINITIV program, a fintech innovation initiative that provides access to Mastercard's ecosystem, resources, and potential commercial partnerships. This membership enhances Narvi's credibility and provides networking opportunities within the global payments ecosystem.
Scale indicators2 records
Expansion highlights5 records
Narvi Payments competitors and assessment
Company assessmentDirect peers
- Wise Business: UK-headquartered global multi-currency account provider for businesses, with strong cross-border payment and FX capabilities. Overlaps directly on multi-currency IBANs and SEPA/SWIFT transfers, though at substantially larger scale.
- Qonto: French-headquartered European business banking platform offering multi-currency IBAN accounts, SEPA/SWIFT payments, and integrated expense management for SMBs and freelancers. Closest direct competitor to Narvi in European SME/IBAN banking.
- Mollie: Dutch-headquartered European payment service provider offering accounts, IBANs, and payment processing for SMBs and platforms. Comparable on geography, customer segment, and API-first BaaS orientation.
- Mercury: US-headquartered business banking platform for startups and tech companies offering USD accounts, payments, and APIs. Comparable in serving startup and tech-enabled SMBs with API-first infrastructure, though US-focused rather than EU.
- Pleo: Danish-headquartered European business banking and expense management platform serving SMBs with company cards, IBAN accounts, and payment automation. Comparable in geography, target segment, and product breadth.
- Finom: Amsterdam-headquartered European fintech providing multi-currency business accounts, IBANs, and expense management for SMBs, freelancers, and SMEs. Comparable on geography, customer profile, and product scope.
- Revolut Business: UK-headquartered global fintech offering multi-currency business accounts, IBANs, SEPA/SWIFT payments, and treasury tools across Europe. Direct competitor with much larger scale and broader product suite.
Broad incumbents
- SumUp: UK-headquartered European payments company providing merchant accounts, business accounts, and cross-border payment tools to SMBs. Broader incumbent with overlapping IBAN and payment products for the same SME segment.
- Stripe Treasury: US-headquartered global payments platform whose Treasury product enables platforms to embed fiat accounts and payments via banking partners. Overlaps on the embedded BaaS/IBAN thesis but at vastly larger scale and broader scope.
- Adyen: Dutch-headquartered global payments platform providing unified acquiring, processing, and treasury-style accounts for large merchants and platforms. Broader incumbent in payments infrastructure that overlaps with Narvi's cross-border capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Narvi Payments social profiles
Digital presenceNarvi Payments compliance and trust
Trust signalCompliance2 records
Narvi Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Narvi Payments leadership team
Management profileNumber of profiles
Profiles1 record
Narvi Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Narvi Payments 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 Narvi Payments
What does Narvi Payments do?
Narvi Payments operates a Finnish-regulated Electronic Money Institution platform that issues dedicated Finnish IBAN business accounts and processes SEPA Instant and SWIFT payments in multiple currencies for international companies, fintechs, and higher-risk industries. The platform combines a self-serve 10-minute digital onboarding flow with a proprietary Treasury Desk for FX and global payments, and a Banking-as-a-Service API that lets other platforms issue IBANs and embed payment capabilities under Narvi's EMI license.
Is Narvi Payments a public or private company?
Narvi Payments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Narvi Payments founded?
Narvi Payments was founded in 2021. It employs 11 to 50 people.
Where is Narvi Payments based?
Narvi Payments is headquartered in Helsinki, Finland, in the Europe region.
How does Narvi Payments make money?
Three revenue lines are on record. Account Subscription Fees are the primary driver. The others are transaction Fees and banking-as-a-Service (BaaS).
Who are Narvi Payments's main competitors?
Direct peers on record are Wise Business, Qonto, Mollie, Mercury, Pleo, Finom and Revolut Business. Broad incumbents are SumUp, Stripe Treasury and Adyen.
Does Narvi Payments have an API?
Yes. Narvi offers an API that allows businesses to integrate financial services into their products. The API enables users to automate bank account operations, generate unlimited IBANs per user or wallet, manage payments, and integrate with their existing platforms. The documentation is available at api.narvi.com. API access is provided from day one without lengthy integration time or hefty costs. Developer documentation is at api.narvi.com.
What industry is Narvi Payments in?
Narvi Payments's product category is Business Banking. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52232.