Aircash
Aircash is a Croatian licensed electronic money institution offering a mobile wallet, Mastercard, cash deposit/withdrawal at thousands of Croatian retail points, and embedded trading via Bitpanda, serving approximately 1.5 million users across 13+ European countries with a freemium, transaction-fee model.
- Company typePrivate
- Founded2015
- HeadquartersZagreb, Croatia
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Aircash does
Aircash d.o.o. is a Croatian fintech operating as a licensed electronic money institution under the Croatian National Bank (authorization dated 3 October 2019, registration IEN116), with passporting rights across the EU/EEA. The company runs a mobile-first e-money wallet available on iOS and Android, complemented by an Aircash Mastercard (physical and virtual) that is accepted globally through the Mastercard network and tokenized into Apple Pay and Google Pay. Core functionality covers store-and-transfer of electronic money, multi-currency accounts, bill payment via 2D barcode, highway vignette purchase, loyalty card storage, and international transfers including to Turkey. Identity verification is handled through a biometric facial-recognition KYC flow, and Aircash holds PSD2 and GDPR-compliant data practices.
The business extends its wallet through a partner-driven ecosystem: cash-in/cash-out is enabled at thousands of Croatian physical points (Tisak, iNovine, INA, Tifon, PBZ ATMs), while the Bitpanda partnership embeds crypto, fractional stocks and ETF trading inside the Aircash app as a tied agent of Bitpanda Financial Services GmbH. Additional integrations include DIMOCO carrier billing (mobile-bill top-ups), Xsolla (gaming payments across 12 European countries) and iGaming platform providers Microgame, Octavian, Exalogic and BetPassion for cash-to-wallet flows in Italy. Revenue is generated through transaction fees on payments, transfers and card operations (issuance, monthly maintenance, ATM withdrawals, FX), plus indirect monetization from trading and carrier-billing partnerships. The product serves approximately 1.5 million end users across 13+ countries, with primary strength in Croatia and an expanding footprint in DACH, Italy, the Iberian Peninsula and the Adriatic region.
Commercially, Aircash combines a product-led growth model (app onboarding, free wallet, pay-as-you-go fees) with channel-partner distribution: retail networks for cash services in Croatia and Italy, gaming aggregators for cross-border payments, and a tied-agency structure for investment services. Headcount sits at 51-100 and the company is privately held with no disclosed funding rounds, acquisitions or institutional investors, operating as an independent entity headquartered in Zagreb. The 2026 Imprese Vincenti Top-10 recognition signals external validation of the company's trajectory in the Italian market.
Aircash firmographics
Firmographics- Name
- Aircash
- Legal name
- Aircash d.o.o.
- Website
- https://aircash.eu
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Aircash is a Croatian licensed electronic money institution offering a mobile wallet, Mastercard, cash deposit/withdrawal at thousands of Croatian retail points, and embedded trading via Bitpanda, serving approximately 1.5 million users across 13+ European countries with a freemium, transaction-fee model.
- Ownership category
- akta.pro rank
Aircash industry classification
Industry- Product category
- Mobile Payments and Electronic Money Services
- NAICS
- Credit Card Issuing (522210)
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Mobile Wallets (NFC Tap-to-Pay / HCE) (FSAMAEAB)
- akta.pro secondary industries
- Biller Direct EBPP Platforms (FSAMAJAA), ACH/Bank Transfer & Open Banking Payments (MPAEALAC), Travel Money Cards & Multi-Currency Prepaid (FSAMANAI)
Keywords
Where Aircash is headquartered
LocationHeadquarters
- HQ city
- Zagreb
- HQ country
- Croatia
- HQ region
- Europe
Offices1 record
Markets served
Aircash business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Payment Transaction Fees: Aircash charges fees for payment transactions including bill payments, money transfers, and point-of-sale payments. Fees are disclosed in the pricing page and charged at transaction time.
- Aircash Mastercard Fees: Revenue from card issuance fees, monthly maintenance fees, cash withdrawal fees at ATMs and EFTPOS devices, and foreign transaction fees. Fees are published in the Price List.
- Trading/Investment Services: Through the Bitpanda partnership, Aircash provides access to cryptocurrency and investment services. Aircash acts as a tied agent of Bitpanda Financial Services GmbH for investment services distribution.
- Carrier Billing Services: Revenue from carrier billing integration with DIMOCO, allowing users to pay for digital services using mobile phone bills.
- Account and Redemption Fees: Fees for redemption requests before contract termination and other account services as specified in the Fees document.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Standard Aircash Wallet Account |
| Transaction based/ take rate | Monthly | Aircash Mastercard |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Aircash product offering
Product offeringCore offering
Aircash is a licensed EU electronic money institution operating a mobile wallet that lets consumers store funds, send and receive money domestically and internationally, pay bills via scan-and-pay, and make Mastercard payments without needing a traditional bank account. The platform combines the Aircash Wallet app with the Aircash Mastercard prepaid card, a Bitpanda-powered digital investment product, cash deposit/withdrawal at retail partner locations (Tisak, iNovine, INA, Tifon, PBZ ATMs, BetPassion), carrier billing top-ups via DIMOCO, and Apple Pay/Google Pay tokenization.
Product overview
Aircash is a Croatian fintech company operating as a licensed EU electronic money institution that offers a unified mobile-based financial platform. The core product is the Aircash Wallet, an electronic money account accessible via smartphone that enables users to store funds, make payments, send/receive money, and pay bills without requiring a traditional bank account. The platform operates through a hub-and-spoke model where the Aircash Wallet serves as the central hub, with complementary services including the Aircash Mastercard (physical card for worldwide Mastercard acceptance), Trading via Bitpanda partnership (cryptocurrency and stock investments), cash deposit/withdrawal at retail partner locations (Tisak, iNovine, INA, Tifon, PBZ ATMs), bill payment services, and digital wallet integrations (Apple Pay, Google Pay). The platform serves over 1.5 million users across 13+ European countries, with particular strength in Croatia and expanding presence in Italy, Germany, Austria, and other EU markets.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 1.5 million users actively using the platform
- +2 more outcomes
Companies that use Aircash
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Aircash technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature6 records
Aircash partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and flagship.
- MicrogamecoreAircash formed partnership with Microgame, one of the three iGaming platform providers in Italy. This partnership consolidates Aircash's position in the Italian market for payment solutions, designed to offer reliable payment services to players and operators across Italy.
- OctaviancoreAircash formed partnership with Octavian, one of the three iGaming platform providers in Italy. This partnership consolidates Aircash's position in the Italian market for payment solutions, designed to offer reliable payment services to players and operators across Italy.
- ExalogiccoreAircash formed partnership with Exalogic, one of the three iGaming platform providers in Italy. This partnership consolidates Aircash's position in the Italian market for payment solutions, designed to offer reliable payment services to players and operators across Italy.
- BetPassioncoreAircash and BetPassion announced a strategic partnership to integrate cash-to-wallet payment solutions into the Italian online gaming market through BetPassion's retail network. The partnership enables users of Betpassion.it to top up and withdraw cash from their Aircash Wallet at participating BetPassion locations, creating a phygital ecosystem connecting physical retail outlets with the online gaming platform.
- XsollacoreXsolla expanded its global payments portfolio adding Aircash as a supported local payment method across 12 European countries. Xsolla stated that localized payments are a key driver of conversion and growth, enabling developers to improve conversion rates while simplifying operations without needing local infrastructure.
- DIMOCOcoreDIMOCO, a provider of carrier billing solutions, formed a strategic partnership with Aircash to integrate carrier billing technology into Aircash's mobile wallet. The integration allows users to top up their mobile wallet balances and pay for digital services using their mobile phone bills, eliminating the need for credit cards or traditional banking. Rollout began in September across selected EU markets.
- Bitpanda Technology SolutionsflagshipBitpanda Technology Solutions partnered with Aircash to launch a digital self-investment platform enabling users to invest in cryptocurrencies, fractional stocks, and ETFs through Aircash's mobile app. Aircash serves over 1 million customers across 13 countries. The partnership initially launched in Croatia before expanding to Germany, Austria, Slovenia, Spain, Romania, Greece, and Cyprus. Aircash acts as a tied agent of Bitpanda Financial Services GmbH.
- NikulipecoreAircash and Nikulipe entered into a strategic partnership to expand payment capabilities. This partnership enables enhanced cross-border payment services as part of Aircash's expansion across the EU.
- TisakcoreTisak kiosks serve as cash deposit and withdrawal points for Aircash users across Croatia. Thousands of Tisak and iNovine kiosk locations enable cash-to-digital conversions.
- iNovinecoreiNovine kiosks serve as cash deposit and withdrawal points for Aircash users across Croatia. Thousands of Tisak and iNovine kiosk locations enable cash-to-digital conversions.
- INAcoreINA petrol stations serve as cash deposit and withdrawal points for Aircash users across Croatia, in partnership with Tifon and other fuel station operators.
- TifoncoreTifon petrol stations serve as cash deposit and withdrawal points for Aircash users across Croatia, in partnership with INA.
- PBZ (Privredna Banka Zagreb)coreAll PBZ ATMs can transfer cash to and from Aircash accounts. PBZ ATM network enables cash withdrawals for Aircash users across Croatia.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Aircash competitors and assessment
Company assessmentDirect peers
- Skrill: Skrill is a digital wallet owned by Paysafe focused heavily on iGaming, online trading, and international money transfers. Like Aircash, it serves online gaming merchants with cash-in/cash-out payment options and operates across European markets.
- NETELLER (Paysafe): NETELLER, also under Paysafe, is a digital wallet specializing in iGaming and online payments with global reach. It competes head-to-head with Aircash in the regulated European online gaming payment space.
- MuchBetter: MuchBetter is a mobile-first digital wallet with strong emphasis on iGaming deposits/withdrawals and merchant payments, comparable to Aircash's gaming-vertical focus and mobile-wallet-first product.
- ecoPayz: ecoPayz (operated by PSI-Pay) is a digital wallet account service used heavily by iGaming operators and online merchants. It overlaps directly with Aircash's prepaid-wallet + gaming payment positioning.
Broad incumbents
- Revolut: Revolut is a global super-app offering multi-currency accounts, cards, peer-to-peer payments, and investments across 30+ European markets. It competes with Aircash in wallet, card, and money-transfer categories but at vastly greater scale.
- Wise: Wise (formerly TransferWise) is a cross-border payments specialist with multi-currency accounts and debit cards across Europe. It competes with Aircash in international money transfers and multi-currency wallet functionality.
- PayPal: PayPal operates a global digital wallet and online payment network with broad consumer and merchant acceptance. It is the largest incumbent in Aircash's wallet and online payments category and competes for consumer mindshare across Europe.
- Paysafe: Paysafe is the parent group of Skrill, NETELLER, and Paysafecard, offering integrated payment solutions with strong iGaming and e-commerce exposure. It is a direct competitor in Aircash's gaming-vertical wallet business.
- Payoneer: Payoneer provides multi-currency accounts, cross-border payments, and prepaid Mastercard cards to SMBs and individuals across Europe. Its card-issuance and cross-border transfer capabilities overlap with Aircash's offering.
- N26: N26 is a mobile-first European bank offering accounts, payments, and Mastercard debit cards across the Eurozone. It competes with Aircash for digital-payment consumers in core EU markets such as Germany, Austria, and Italy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Aircash social profiles
Digital presenceAircash compliance and trust
Trust signalCompliance5 records
Aircash financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aircash leadership team
Management profileNumber of profiles
Profiles2 records
Aircash funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aircash 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 Aircash
What does Aircash do?
Aircash is a licensed EU electronic money institution operating a mobile wallet that lets consumers store funds, send and receive money domestically and internationally, pay bills via scan-and-pay, and make Mastercard payments without needing a traditional bank account. The platform combines the Aircash Wallet app with the Aircash Mastercard prepaid card, a Bitpanda-powered digital investment product, cash deposit/withdrawal at retail partner locations (Tisak, iNovine, INA, Tifon, PBZ ATMs, BetPassion), carrier billing top-ups via DIMOCO, and Apple Pay/Google Pay tokenization.
Is Aircash a public or private company?
Aircash is a private company. It is classified as unknown and is currently operating.
When was Aircash founded?
Aircash was founded in 2015. It employs 101 to 250 people.
Where is Aircash based?
Aircash is headquartered in Zagreb, Croatia, in the Europe region.
How does Aircash make money?
Five revenue lines are on record. Payment Transaction Fees are the primary driver. The others are aircash Mastercard Fees, trading/Investment Services, carrier Billing Services and account and Redemption Fees.
Who are Aircash's main competitors?
Direct peers on record are Skrill, NETELLER (Paysafe), MuchBetter and ecoPayz. Broad incumbents are Revolut, Wise, PayPal, Paysafe, Payoneer and N26.
Does Aircash have an API?
No public API is recorded for Aircash.
What industry is Aircash in?
Aircash's product category is Mobile Payments and Electronic Money Services. Its primary akta.pro industry code is FSAMAEAB, Mobile Wallets (NFC Tap-to-Pay / HCE), with a secondary code of FSAMAJAA, Biller Direct EBPP Platforms. Its NAICS code is 522210 and its SIC code is 6099.