Fumopay
Fumopay is a UK-based FCA-authorised open banking platform providing API-first payment orchestration, real-time credit decisioning, and bank data aggregation for financial institutions, utilities, retailers, charities, and large enterprises.
- Company typePrivate
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Fumopay does
Fumopay is a UK-based open banking payments and credit infrastructure platform serving financial institutions, utility providers, retailers, charities, and large enterprises. Incorporated in 2017 and headquartered at Unity Place in Milton Keynes, the company operates as an FCA-authorised Payment Institution (Firm Reference Number 925689) under the legal entity Fumopay Ltd. Its offering centres on a proprietary open banking stack that unifies bank data aggregation, real-time credit decisioning, identity verification, and account-to-account payment orchestration into a single programmable API interface.
The product suite comprises six integrated modules: Banking Data Aggregation & Intelligence, Credit Decisioning & Origination, Payment Processing & Orchestration, Instalment & Financing Enablement, Verification, and Adaptive Arrears Management. Layered capabilities include Commercial Variable Recurring Payments (cVRP), QR-code-based vendor payments, and card acquiring delivered through a partnership with Cashflows. The platform connects to major UK bank rails including HSBC, Starling Bank, TSB, NatWest, and Banco Santander, and applies predictive analytics on live transaction data to drive real-time risk scoring and behavioural collections strategies.
Commercially, Fumopay runs an API-first go-to-market combining enterprise field sales with developer-led self-serve access via a sandbox and documentation portal. Revenue derives primarily from transaction fees on account-to-account payment processing and credit decisioning services, supplemented by subscription and usage-based platform access. Pricing is quote-based and negotiated per enterprise requirement under multi-year contracts. The company pursues a vertical segmentation strategy (financial institutions, utilities, retail/ecommerce, charities, government) and is a founding shareholder of the UK Payments Initiative, participating in the cross-industry cVRP initiative with 31 firms.
Fumopay firmographics
Firmographics- Name
- Fumopay
- Legal name
- Fumopay Ltd
- Website
- https://fumopay.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fumopay is a UK-based FCA-authorised open banking platform providing API-first payment orchestration, real-time credit decisioning, and bank data aggregation for financial institutions, utilities, retailers, charities, and large enterprises.
- Ownership category
- akta.pro rank
Fumopay industry classification
Industry- Product category
- Open Banking Payment Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223)
- SIC
- Functions Related To Depository Banking, Nec (6099), Finance Services (6199), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
- akta.pro secondary industries
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Recurring Billing & AutoPay Management (FSAMAJAE), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Account Verification & Ownership (AVS/AOV, micro-deposits, auth) (FSAGACAB)
Keywords
Where Fumopay is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Fumopay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Payment Processing & Transaction Fees: Transaction-based revenue from payment processing and orchestration services. Fees are generated from account-to-account payment transactions processed through the platform, including one-off, recurring, and variable repayments.
- Credit Decisioning Services: Revenue generated from providing real-time credit decisioning and risk scoring services to financial institutions and lenders using open banking data.
- API & Platform Access: API-first platform providing programmable access to banking data, verification, decisioning, and payments. Revenue may be generated through usage-based or subscription access to the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | API access available by request only |
| Other | Multi-year contract | Custom enterprise pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Fumopay product offering
Product offeringCore offering
Fumopay provides an API-first open banking platform that unifies bank data aggregation, real-time credit decisioning, identity verification, and account-to-account payment orchestration for businesses. The platform enables financial institutions, utility providers, retailers, and large enterprises to automate onboarding, embedded instalment plans, recurring and variable repayments, and adaptive collections management. It is FCA-authorised as a Payment Institution and offers both Pay by Bank and Pay by Card (via Cashflows partnership) capabilities through a single programmable interface.
Product overview
Fumopay is a unified open banking platform for businesses modernizing payment and credit operations. The platform combines a proprietary open banking stack with real-time account data, dynamic risk scoring, and intelligent repayment orchestration. The core offering consists of six integrated modules: Banking Data Aggregation & Intelligence, Credit Decisioning & Origination, Payment Processing & Orchestration, Instalment & Financing Enablement, Verification, and Adaptive Arrears Management. These modules work together to support the entire financial lifecycle from customer onboarding through to collections. The platform also includes cVRP (Commercial Variable Recurring Payments) for advanced recurring payment capabilities and Pay By Bank account-to-account payments, with card processing available through Cashflows partnership.
Differentiator
Problem solved
Functional benefit
Products and services
- Banking Data Aggregation & Intelligence
Quantifiable outcome
- Lower transaction costs compared to card payments through account-to-account payments
- +3 more outcomes
Companies that use Fumopay
Customer profileNamed customers2 records
Segments6 records
Ideal customer profiles4 records
Fumopay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature8 records
Fumopay partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- UK Payments Initiative (UKPI)flagshipFumopay is a founding shareholder of UK Payments Initiative Ltd. The initiative launched a new open banking scheme for recurring account-to-account payments at Money20/20 Amsterdam. UKPI creates a shared rulebook, commercial framework, and operational standards enabling businesses to offer recurring, automated, and variable account-to-account payments.
- Big IssueflagshipPartnership to enable Big Issue vendors to accept instant cashless payments via QR code through open banking. Customers scan vendor's lanyard QR code and pay directly from bank account with instant fund settlement. Solution designed for financial inclusion of marginalised workers without need for WiFi or card readers. Partnership won Open Banking for Good award at Open Banking Expo Awards 2025.
- cVRP Initiative (31 companies)coreFumopay is part of a cross-industry initiative of 31 companies developing and launching Commercial Variable Recurring Payments (cVRP). The initiative includes fintechs, high street banks, challenger banks, and payment service providers working to shape standards for secure, efficient recurring payment collection.
- CashflowscoreCashflows selected as acquiring partner to enhance payment processing capabilities. Through this collaboration, businesses using fumopay can accept both traditional card payments and instant bank payments through a unified interface. Cashflows provides robust acquiring services complementing fumopay's open banking technology.
- Allica BankminorCo-hosted exclusive breakfast networking event with fumopay, indicating marketing/partnership collaboration.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Fumopay competitors and assessment
Company assessmentDirect peers
- TrueLayer: UK-based open banking platform offering account data, payments, and identity APIs. Closely comparable to Fumopay in API-first open banking infrastructure, payment initiation, and financial-institution focus, with substantially greater scale and funding.
- Yapily: Open banking infrastructure provider offering account aggregation and payment initiation APIs across Europe. Comparable to Fumopay in targeting banks, lenders, and merchants with API-driven open banking connectivity, and in multi-bank integration depth.
- Token.io: Open banking payments network enabling account-to-account payment initiation and collection across UK and EU banks. Directly comparable to Fumopay's payment orchestration and bank-to-bank pay-by-bank offerings, particularly in recurring and variable payments.
- Salt Edge: Open banking API platform providing account aggregation, payment initiation, and identity verification globally. Comparable to Fumopay in data aggregation + PIS + KYC bundle, and in serving fintechs, lenders, and corporates.
Broad incumbents
- Tink: Visa-owned open banking platform spanning account aggregation, payments, and financial data across Europe. Comparable to Fumopay in open banking rails and recurring payments, but operates as a much broader incumbent with the backing of a global card network.
- Plaid: Global financial data connectivity platform offering account aggregation, payment initiation, and identity verification. Broader, more established incumbent than Fumopay with similar open banking rails, larger developer ecosystem, and substantially greater scale.
- ClearBank: UK clearing bank providing real-time payment infrastructure and Banking-as-a-Service to fintechs and corporates. Comparable to Fumopay's payment-rail focus, but at a much larger, regulated-bank tier serving enterprise clients.
- Modulr: UK payments-as-a-service provider offering account, payment, and BaaS infrastructure for businesses. Comparable to Fumopay in UK payment infrastructure focus and enterprise B2B distribution, but broader and more established in payments.
- GoCardless: UK-headquartered direct debit and recurring payment platform serving subscription businesses and SMEs. Comparable to Fumopay in targeting UK recurring collections and utilities, but with a Direct Debit-centric model rather than open banking pay-by-bank.
- Form3: UK cloud-native payment technology platform providing account-to-account payment processing for banks and fintechs. Comparable to Fumopay's A2A payment orchestration for financial institutions, though serving tier-1 banks at production scale.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Fumopay social profiles
Digital presenceFumopay compliance and trust
Trust signalCompliance1 record
Fumopay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fumopay leadership team
Management profileNumber of profiles
Profiles3 records
Fumopay funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fumopay 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 Fumopay
What does Fumopay do?
Fumopay provides an API-first open banking platform that unifies bank data aggregation, real-time credit decisioning, identity verification, and account-to-account payment orchestration for businesses. The platform enables financial institutions, utility providers, retailers, and large enterprises to automate onboarding, embedded instalment plans, recurring and variable repayments, and adaptive collections management. It is FCA-authorised as a Payment Institution and offers both Pay by Bank and Pay by Card (via Cashflows partnership) capabilities through a single programmable interface.
Is Fumopay a public or private company?
Fumopay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fumopay founded?
Fumopay was founded in 2017. It employs 11 to 50 people.
Where is Fumopay based?
Fumopay is headquartered in London, United Kingdom, in the Europe region.
How does Fumopay make money?
Three revenue lines are on record. Payment Processing & Transaction Fees are the primary driver. The others are credit Decisioning Services and API & Platform Access.
Who are Fumopay's main competitors?
Direct peers on record are TrueLayer, Yapily, Token.io and Salt Edge. Broad incumbents are Tink, Plaid, ClearBank, Modulr, GoCardless and Form3.
Does Fumopay have an API?
Yes. Fumopay offers an API-first platform that unifies bank data, credit decisioning, identity verification, and payments orchestration. The company provides sandbox and API access to developers and partners through a request process. The API enables real-time credit origination, embedded instalment plans, and payment processing capabilities. Documentation access requires contacting the company for full sandbox and API access. Developer documentation is at www.fumopay.com/contact-2.
What industry is Fumopay in?
Fumopay's product category is Open Banking Payment Platform. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions. Its NAICS code is 52232 and its SIC code is 6099.