Finseta
Finseta PLC is an AIM-listed UK fintech (ticker FIN) providing multicurrency accounts, international payments, FX, mass payments, and a Mastercard corporate card to corporates and high-net-worth individuals across 165 countries in 150 currencies, with regulated operations in the UK, UAE, and Canada.
- Company typePublic
- Founded2010
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Finseta does
Finseta PLC is a UK-headquartered, AIM-listed (ticker: FIN) fintech that provides multicurrency accounts, international payments, FX, and ancillary corporate payment products to corporates and high-net-worth individuals across 165 countries in 150 currencies. Founded in 2010 as Cornerstone and rebranded to Finseta in 2025, the group is regulated in three jurisdictions: as an Electronic Money Institution by the UK FCA (FRN 941406), as a Money Service Business by the DFSA in DIFC Dubai (UAE), and as an MSB with FINTRAC in Canada. Core products comprise International Payments, a Multi Currency Account supporting 35+ currencies, Mass Payments, The Finseta Card (Mastercard-issued), Bespoke FX solutions, and Manager's Cheques (UAE). The technology stack is a proprietary platform with bank-grade security and virtual IBAN capability delivered via a core partnership with ClearBank; the operating model is Riskless Principal, meaning Finseta does not trade from its own balance sheet or take speculative positions.
The company operates a high-touch direct-sales model combined with affiliate and white-label partner channels, and serves verticals including maritime, import/export, aviation, property, legal, and gaming. Revenue is generated principally from FX spreads on spot and forward transactions, transaction-based fees on international payments and mass payments, and corporate card interchange. Customer count stood at over 1,400 businesses and individuals, with cumulative global FX flow of £6bn. H1 2025 revenue was £5.9m (up 16% YoY), gross margin compressed from 65.7% to 62.7%, and analysts forecast a £400k loss in 2025 with a return to profitability anticipated in 2026 and a record pre-tax profit of £2.6m forecast for 2027.
Capital structure: 70,432,918 ordinary shares of £0.01, with Robert O'Brien (also Chief Commercial Officer) as the largest shareholder at 16.04%. The group completed a £0.9m post-IPO fundraise in April 2026 at 8.5 pence per share. Recent leadership changes include the appointment of Andrew Richards as permanent CFO in February 2026, following the departure of Judy Happe. Headcount is 11–50 employees across London, Dubai, and Toronto.
Finseta firmographics
Firmographics- Name
- Finseta
- Legal name
- Finseta PLC
- Website
- https://finseta.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Finseta PLC is an AIM-listed UK fintech (ticker FIN) providing multicurrency accounts, international payments, FX, mass payments, and a Mastercard corporate card to corporates and high-net-worth individuals across 165 countries in 150 currencies, with regulated operations in the UK, UAE, and Canada.
- Ownership category
- akta.pro rank
Finseta industry classification
Industry- Product category
- International Payments and FX
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)
Keywords
Where Finseta is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Finseta business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- International Payments and FX Services: Revenue generated from foreign exchange transactions and international payment services, including spot and forward contracts. The company operates as principal in FX transactions, earning from the spread between offered and secured rates.
- Multi-Currency Account Services: Fees from providing multi-currency account services to businesses and individuals for holding, managing, and receiving funds in multiple currencies
- Corporate Card Services: Revenue from The Finseta Card for initiating seamless global payments and accessing merchants worldwide
- Mass Payments: Revenue from mass payment services allowing clients to pay in 150+ currencies at scale
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard FX Services with transparent pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Finseta product offering
Product offeringCore offering
Finseta operates a proprietary international payments and FX platform that enables businesses and high-net-worth individuals to send and receive cross-border payments across 165 countries in 150 currencies, hold funds in 35+ currencies through multi-currency accounts, execute mass payouts, and access corporate card and bespoke FX solutions. The offering combines an online customer portal with dedicated account managers and operates as a Riskless Principal in FX transactions.
Product overview
Finseta is a financial technology company offering a unified platform of international payments and multi-currency account services. The core product portfolio consists of International Payments, Multi Currency Account, Mass Payments, The Finseta Card, and Bespoke Solutions, all supported by dedicated account managers. The company also offers Manager's Cheques as a regional product specifically for the UAE market. The offering is built around a high-touch service model combined with proprietary technology, targeting corporate customers and HNWIs with high-value, compliance-intensive transactions.
Differentiator
Problem solved
Functional benefit
Products and services
- International Payments Facilitates cross-border payments and currency exchange services, allowing businesses and individuals to send and receive funds internationally across 165 countries in 150 currencies, including spot and forward FX execution.
- Multi Currency Account Enables businesses and individuals to hold, manage, and receive funds in 35+ currencies, backed by the Finseta Global Payments Network, providing control over international financial operations with bank-grade security.
- Mass Payments Allows businesses to scale payment operations and pay recipients in 150+ currencies globally, designed for high-volume international payout scenarios.
- The Finseta Card Corporate debit card enabling seamless global payments and access to over 35 million merchants worldwide, issued by PSI-Pay Ltd pursuant to a Mastercard license.
- Bespoke Solutions Customised foreign exchange and payment solutions tailored to specific business needs, including market niches and high-value compliance-intensive transactions in verticals such as maritime, import/export, aviation, property, legal, and gaming.
- Manager's Cheques (UAE) Guaranteed payment solution for high-value transactions in the UAE, particularly real estate, business payments, and legal/government fees, issued through partner banks in Dubai.
Companies that use Finseta
Customer profileNamed customers1 record
Segments7 records
Ideal customer profiles3 records
Finseta technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Finseta partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- ClearBankcoreClearBank partnered with Finseta to support multicurrency and cross-border payments using virtual IBAN technology, initially focusing on UK customers with plans for expansion into Europe. The partnership enhances Finseta's ability to facilitate high-value international transactions and allows ClearBank to support fintechs in real-time foreign currency payments.
- Swoop FundingminorSwoop Funding integrates Finseta's foreign exchange expertise with their funding platform to help businesses secure capital and financial infrastructure. Daire Burke, Head of Swoop North America, stated that the partnership helps businesses that are stalled by traditional lenders access funding solutions combined with FX expertise to protect their bottom line.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Finseta competitors and assessment
Company assessmentDirect peers
- OFX: OFX (formerly OzForex) is a publicly listed international payments and FX specialist targeting SMEs and corporates with bespoke FX and cross-border transfers. Closely comparable business model and customer segment to Finseta.
- Equals Group plc: Equals Group (formerly FairFX) is an AIM-listed FX and international payments provider offering multi-currency accounts, prepaid cards, and corporate FX services. Closely comparable as a UK-listed mid-market peer where Finseta's CEO James Hickman previously served as CCO.
- Currencycloud: Currencycloud (now owned by Visa) provides cross-border payments infrastructure, FX APIs, and multi-currency account orchestration to fintechs and banks. Comparable as a payment orchestration and cross-border FX infrastructure peer, especially via the white-label channel.
- Airwallex: Airwallex offers multi-currency business accounts, cross-border payments, and FX services to SMEs and enterprises globally. Direct competitor in the multi-currency accounts + international payments space for businesses, though at much greater scale and venture-backed.
- Remitly Global: Remitly is a digital cross-border remittances platform serving immigrants and consumers sending money internationally. Comparable international payments and FX infrastructure, though oriented toward retail senders rather than Finseta's corporate/HNWI niche.
- Wise plc: Wise is the leading multi-currency account and cross-border payments platform, serving both consumers and businesses across 70+ currencies. It is the largest scaled direct competitor to Finseta in the multi-currency accounts + international payments category.
- Caxton Payments: Caxton is a UK-based FX, international payments and prepaid card provider serving SMEs and consumers. Directly comparable niche positioning, and Finseta's CEO James Hickman and NED Simon Bullock both previously held senior roles at Caxton FX Limited.
Broad incumbents
- Western Union: Western Union is the largest global retail money transfer and cross-border payments operator. Comparable international payments and FX capabilities at massive scale, though primarily retail consumer rather than corporate.
- MoneyGram International: MoneyGram is a global money transfer and cross-border payments incumbent. Comparable cross-border payments and FX capabilities but oriented toward consumer remittances rather than the corporate/HNWI segment Finseta targets.
- Revolut Business: Revolut offers multi-currency accounts, international payments, and corporate cards as part of a much broader consumer fintech super-app. Comparable multi-currency account product for businesses but at vastly greater scale and breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Finseta social profiles
Digital presenceFinseta compliance and trust
Trust signalCompliance4 records
Finseta financial estimates
Financial estimateRevenue estimate
Valuation estimate
Finseta leadership team
Management profileNumber of profiles
Profiles9 records
Finseta subsidiaries and ownership
Company hierarchySubsidiaries3 records
Finseta funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Finseta M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Finseta
What does Finseta do?
Finseta operates a proprietary international payments and FX platform that enables businesses and high-net-worth individuals to send and receive cross-border payments across 165 countries in 150 currencies, hold funds in 35+ currencies through multi-currency accounts, execute mass payouts, and access corporate card and bespoke FX solutions. The offering combines an online customer portal with dedicated account managers and operates as a Riskless Principal in FX transactions.
Is Finseta a public or private company?
Finseta is a public company. It is classified as public and is currently operating.
When was Finseta founded?
Finseta was founded in 2010. It employs 11 to 50 people.
Where is Finseta based?
Finseta is headquartered in London, United Kingdom, in the Europe region.
How does Finseta make money?
Four revenue lines are on record. International Payments and FX Services are the primary driver. The others are multi-Currency Account Services, corporate Card Services and mass Payments.
Who are Finseta's main competitors?
Direct peers on record are OFX, Equals Group plc, Currencycloud, Airwallex, Remitly Global, Wise plc and Caxton Payments. Broad incumbents are Western Union, MoneyGram International and Revolut Business.
Does Finseta have an API?
No public API is recorded for Finseta.
What industry is Finseta in?
Finseta's product category is International Payments and FX. Its primary akta.pro industry code is FSAGAKAF, Multi-Currency Accounts, Wallets & FX Management (Consumer/SME), with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 5221 and its SIC code is 6199.