What Cosmo Payment does

Cosmo Payment (operating as CP Solutions Limited, registered in the Isle of Man) is a private global payment solutions provider founded in 2000, offering prepaid debit card accounts, virtual and physical cards, multi-currency bank transfers, and corporate mass-payout infrastructure to individual freelancers, content creators, affiliate marketers, and enterprise clients across 130 countries. The platform combines a self-serve consumer onboarding flow (sign-up in under a minute, mobile app on iOS and Android, web banking portal) with an enterprise-facing API and batch-file processing capability for automated cross-border payouts to contractors, vendors, and content creators. Underlying technology is built around proprietary "PrepaidGate" card-processing technology operated through partner financial institutions, with PCI-DSS and PA-DSS compliance providing the security framework. The company's go-to-market is hybrid: self-serve product-led growth for individuals and SMBs, supplemented by direct sales for corporate accounts, and channel partnerships with platforms such as LiveJasmin for embedded content-creator payouts.

Cosmo generates revenue through a combination of one-time card issuance fees ($12.95 initial, $19.95 replacement), recurring monthly maintenance fees ($3.00 per month), and transaction-based fees including $3.00 payment receipt fees (sometimes merchant-absorbed), $5.00 bank transfer fees, $3.15 ATM withdrawal fees, and foreign transaction fees up to 3.5%. Reported scale metrics include 250,000+ users, 500+ partners, 130 countries served, and 40M+ card-acceptance locations worldwide. Card issuance and electronic money services are delivered through Paysafe Financial Services Limited, an FCA-regulated e-money institution (FRN 900015), giving Cosmo an institutional regulatory layer without holding its own banking license.

The company's strategic positioning focuses on underbanked or high-friction verticals underserved by mainstream card issuers—particularly the adult entertainment and affiliate marketing ecosystems—alongside the broader freelance and gig-economy segments. Geographic expansion has been concentrated in LATAM, with bank transfer capabilities and platform localization (seven languages including Spanish, Portuguese, and Arabic) supporting underbanked freelancer and creator populations across Colombia, Mexico, Brazil, Peru, Chile, and Uruguay among others. Leadership includes Anthony Nocella as Head of Product, and the company operates with a lean team of 11–50 employees with no disclosed external funding rounds, suggesting a capital-efficient, founder-led operating model.

Name

Cosmo Payment

Legal name

CP Solutions Limited

Website

https://cosmopayment.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Cosmo Payment is a UK/Isle of Man-registered prepaid debit card and global payment solutions provider offering card accounts, multi-currency bank transfers, and corporate mass-payout APIs to freelancers, content creators, affiliate marketers, and businesses across 130 countries.

Ownership category

akta.pro rank

Product category

Cross-border Payment Services

NAICS

Credit Card Issuing (52221), Credit Card Issuing (522210)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Travel Money Cards & Multi-Currency Prepaid (FSAMANAI)

akta.pro secondary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Cross-border payments
• Prepaid debit cards
• Mass payout solutions
• Multi-currency transfers
• Freelancer payment accounts

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Card Fees: One-time fees for initial plastic card orders ($12.95) and replacement cards ($19.95), including standard shipping
2. Account Maintenance Fees: Monthly maintenance charges ($3.00 per month) with free annual maintenance
3. Transaction Fees: Fees for receiving payments ($3.00/FREE), bank transfers ($5.00), and card-to-card transfers (paid by sender)
4. ATM and Withdrawal Fees: ATM withdrawals ($3.15 per transaction), cash withdrawal decline fees ($1.00), and balance inquiries. Additional foreign transaction fees up to 3.5% for non-USD transactions

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Cosmo Payment provides prepaid debit card accounts (virtual and plastic) that enable instant payouts, online and in-store purchases, ATM withdrawals worldwide, and local bank transfers in 50+ countries. For businesses, it offers corporate accounts with API-driven automated cross-border mass payouts to freelancers, contractors, affiliates, and content creators, supported by a multi-language mobile app and online banking portal.

Product overview

Cosmo Payment operates as a prepaid card and global payment solutions platform offering multiple interconnected products. The core offering consists of prepaid debit card accounts available in both virtual and plastic formats, enabling instant payouts, worldwide ATM withdrawals, and retail/online purchases. The platform includes a mobile app and online banking portal (available in 7 languages) for account management. For business clients, Cosmo Payment provides corporate accounts with API-based mass payout automation and batch file processing capabilities. Bank transfer services extend to over 50 countries. The ecosystem serves individual users, freelancers, content creators, and enterprise clients across 130+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Cosmo Payment Prepaid Card Account Prepaid debit card account offering virtual and plastic debit cards for instant payouts, online and in-store purchases, ATM withdrawals worldwide, card-to-card transfers, and account management via mobile app and online banking portal. Targeted at freelancers, content creators, affiliates, and individuals needing flexible global payment access.
• Corporate / Business Accounts for Mass Payouts Business accounts enabling mass cross-border payouts to freelancers, contractors, content creators, affiliates, and online sellers. Supports API-based automated payment processing and batch file processing for businesses without full integration. Targeted at enterprises and platforms needing to disburse payments globally at scale.

Quantifiable outcome

• 250,000+ users worldwide
• +3 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Pineapple SupportcoreStrategic or Co-development Partner · 8 June 2023Non-profit partnership providing mental health resources and support to individuals in the adult entertainment industry. Cosmo Payment provides educational resources on financial management, a supportive community, and advocates for content creator rights and wellbeing. Anthony Nocella, Head of Product, emphasized commitment to supporting all communities.
• LiveJasmincoreChannel Partner/ Reseller/ Distributor · 23 February 2022LiveJasmin, one of the largest adult camming websites in the world, offers Cosmo Payment payout services to their models. Content creators can enjoy efficient payment processes, instant payouts, plastic cards for ATM and retail use worldwide, local bank transfers to 50+ countries, and card-to-card transfers.
• Paysafe Financial Services LimitedcoreTechnology or IntegrationCard issuer and electronic money institution regulated by the Financial Conduct Authority (FRN 900015). Provides card issuance, fund custody, and regulatory compliance framework. Located at Compass House, Vision Park, Chivers Way, Histon, Cambridge, CB24 9BZ.
• Top-Tier Banks in Regulated JurisdictionscoreTechnology or IntegrationPartnership with top-tier banks in highly regulated jurisdictions ensures customer funds are safe and protected. PCI-compliant technology infrastructure for secure transactions.
• YNOTminorGTM or Marketing PartnerIndustry publication committed to supporting businesses in the adult industry. Featured Cosmo Payment's bank transfer availability announcement for Colombia, Mexico, and Brazil.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Skrill: Skrill (part of Paysafe Group) offers digital wallets and prepaid cards targeted at online sellers, affiliates, and gaming/content verticals — comparable to Cosmo's freelancer and affiliate payout positioning.
• Neteller: Neteller is a Paysafe-owned e-money account and prepaid card provider for online merchants, affiliates, and freelancers — directly overlapping with Cosmo's core prepaid card and cross-border payout offering.
• Wise: Wise (formerly TransferWise) provides multi-currency accounts and a multi-currency card for individuals and businesses receiving international payments, overlapping with Cosmo's cross-border prepaid card proposition.
• Paysafe: Paysafe is both Cosmo's card-issuing partner and a broader prepaid card and digital payments provider serving similar freelancer, content creator, and high-risk verticals globally.
• Payoneer: Payoneer is a cross-border payments platform offering multi-currency receiving accounts and prepaid Mastercard cards to freelancers, marketplaces, and businesses — directly comparable to Cosmo's freelancer and corporate mass-payout use cases.

Broad incumbents

• Stripe: Stripe is a global payments infrastructure provider offering cross-border payouts and Connect-based mass payouts for platforms, intersecting with Cosmo's B2B mass-payout and platform-integration business.
• PayPal: PayPal operates a global digital wallet with prepaid Mastercard options and is a dominant payments platform for freelancers and online sellers — overlapping broadly with Cosmo's freelancer receiving-account value proposition.

Emerging players

• Tipalti: Tipalti provides mass-payout automation for platforms paying freelancers, affiliates, and creators globally — directly comparable to Cosmo's B2B API-driven mass payout product.
• Revolut: Revolut offers multi-currency accounts and prepaid cards to freelancers and remote workers globally, representing a more broadly adopted competing proposition in the same cross-border prepaid card category.

Regional players

• PayRetailers: PayRetailers is a LATAM-focused payment processor offering local payment methods and payouts across the same South American countries Cosmo is expanding into, making it a regional comparable for Cosmo's LATAM strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CosmoPayment
• Facebookfacebook.com/cosmopayment
• LinkedInlinkedin.com/company/cosmopayment

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Cosmo Payment