Delos

What Delos does

Delos is a privately-held, self-funded digital institutional banking and Banking-as-a-Service (BaaS) platform founded in 2023 and headquartered in Canada, with regional headquarters in Cheltenham, UK, and additional operations in Greece and Spain. The company serves multinational corporates, banks, fintechs, and WEB3 / digital asset companies from 80+ jurisdictions, addressing de-banking risk and the lack of compliant institutional-grade infrastructure that combines fiat and digital asset services. Its core product suite comprises Transactional Banking (multi-currency accounts, FX, corporate payments, digital asset custody) and an Infrastructure Platform delivered via API or no-code white-label integration, with the in-house FLICK instant settlement network, yield products offering up to approximately 8% APY, and institutional on/off-ramping services as supporting capabilities.

The underlying technology is a proprietary multi-partner core infrastructure with a real-time data model, execution layer, and ledger deployed on a high-availability disaster recovery (HADR) platform. Custodial architecture is custom-built and secured by Google KMS and the company's own HSMs, with permissions-based access controls and multi-redundant vendor integration at every breakpoint to support a 99.5% monthly uptime commitment. The platform spans 30+ fiat and digital currencies, connects to SEPA, SWIFT GPI, ACH, Fedwire, and digital asset rails, and exposes programmatic account management, fund loading, transfers, balance reporting, and webhook-based event notifications through a public API and white-label portal.

Delos monetizes through transaction fees, subscription fees, FX margins, professional services, and commission splits from BaaS partners, with quote-based custom enterprise pricing on multi-year BaaS contracts. The go-to-market combines direct enterprise field sales with specialist-led onboarding, a strategic partnership referral program targeting law firms and corporate service providers, and a self-service sign-up flow. Regulatory standing is anchored by MSB registration with FINTRAC in Canada and FinCEN in the US, Bank of Canada RPAA registration, UK company registration, and a pending Electronic Money Institution license application in Greece, with a £10M Hiscox Professional Indemnity policy underpinning institutional risk transfer.

Name

Delos

Legal name

Delos Financial LTD

Website

https://delos-banking.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Delos is a self-funded, multi-jurisdictional digital institutional banking and Banking-as-a-Service platform serving multinational corporates, banks, fintechs, and WEB3 companies across 80+ jurisdictions with multi-currency accounts, digital asset custody, instant settlement, and API or white-label integration.

Ownership category

akta.pro rank

Product category

Banking-as-a-Service Infrastructure

NAICS

Depository Credit Intermediation (5221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industries

Tokenization, Network Vaults & Credential Management (FSAGABAF), Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)

Keywords

• Digital banking infrastructure
• Banking-as-a-service
• Multi-currency payments
• Digital asset custody
• Fiat digital settlement

Headquarters

HQ city

Cheltenham

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees: Fees charged per payment or currency conversion processed through the platform.
2. Subscription Fees: Platform access subscription fees for BaaS partners and enterprise clients.
3. Foreign Exchange Margins: Currency conversion performed at system-published rates with margins retained by Delos.
4. Professional Services: Integration, customization, training and advisory services billed per fee schedule.
5. Commission Splits: Commission splits and revenue shares collected in Commission Account from Platform Partners.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Delos provides a unified digital institutional banking platform that combines multi-currency transactional accounts, digital asset custody, foreign exchange, corporate payments, and yield products with access to global and local payment rails (SEPA, SWIFT GPI, ACH, Fedwire) plus digital asset and stablecoin rails. It sells both direct banking services to corporate clients and a Banking-as-a-Service infrastructure (API or no-code white-label) that enables fintechs, banks, and other partners to embed regulated fiat and digital asset banking experiences for their end users.

Product overview

Delos offers a unified digital institutional banking and financial technology platform consisting of two core product lines: Transactional Banking and Infrastructure Platform (Banking-as-a-Service). Transactional Banking provides multi-currency accounts, corporate payments, FX exchange, digital asset custody, and yield products through a proprietary architecture secured by Google KMS and own HSMs. The Infrastructure Platform enables partners to embed Delos's regulated stack via API or no-code white-label, deploying virtual accounts, wallets, payments orchestration, KYC, and digital asset services. Key features include the FLICK instant settlement network for real-time counterpart settlement, institutional on/off ramping with deep liquidity, and yield products earning up to ~8% APY. The platform supports 30+ fiat and digital currencies including USD, EUR, USDT and USDC, with access to SEPA, SWIFT GPI, ACH, and Fedwire rails.

Differentiator

Problem solved

Functional benefit

Brands

• FLICK: In-house instant settlement network for seamless fiat and digital asset transactions between counterparties.
• Banking-as-a-Service (BaaS)

Products and services

• Transactional Banking Multi-currency transactional accounts with built-in digital asset custody, native on/off ramping, foreign exchange, and corporate payments. Provides access to SEPA, SWIFT GPI, ACH, Fedwire and other local and global rails alongside digital asset and stablecoin payments across 30+ fiat and digital currencies for multinational corporates, banks, fintechs, and WEB3 companies.
• Infrastructure Platform (Banking-as-a-Service) Banking-as-a-service infrastructure that enables Platform Partners to embed and resell Delos's regulated banking stack via API integration or a no-code white-label portal. Provides virtual accounts, digital asset wallets, payments orchestration, KYC, and digital assets-as-a-service under a 99.5% monthly uptime SLA.
• FLICK Instant Settlement Network In-house instant settlement network that enables counterparties to settle transactions in real time across both fiat and digital assets directly through the Delos platform.
• Yield & Treasury Interest-bearing on-and-off-chain yield products offering up to approximately 8% APY, including programmable savings accounts that allow clients to earn yield on cash surplus.

Quantifiable outcome

• Launch unified digital asset and banking experience in as little as 2 weeks
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• Tier-1 Correspondent BankscoreOthersDelos operates as an intermediary between customers and third-party banks. Payment accounts and e-money services are provided by authorized and regulated correspondent banks and partners. This is a foundational element of Delos's service model.
• Third-Party CustodianscoreOthersLicensed custodial institutions engaged by Delos to hold, safeguard and settle digital asset holdings. Digital assets are held separately by custodians and not on Delos's balance sheet.
• Digital Asset Settlement NetworkscoreTechnology or IntegrationIntegration with digital asset settlement networks enabling institutional on/off ramping and instant settlement services for digital asset transactions.
• Hiscox InsurancesupportingOthersDelos Financial Group is insured by Hiscox under policy number PL-PSC10003719801. Coverage includes Professional Indemnity (£10,000,000), Cybercrime and Data (£2,050,000), Cyber Business Interruption, Legal Protection (£500,000), and Crisis Containment (£25,000).

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BCB Group: Institutional crypto-fiat banking and payments infrastructure serving digital asset firms, fintechs, and corporates across multiple jurisdictions. Highly comparable to Delos in target segment (WEB3, fintechs, banks) and product set (multi-currency accounts, FX, digital asset on/off ramps, BaaS-style services).
• BVNK: Payment infrastructure provider purpose-built for digital assets and global payouts, offering fiat-to-crypto on/off ramps and multi-currency accounts. Closely matches Delos's Transactional Banking proposition and its focus on digital asset / fintech clients.
• ClearBank: UK-based Banking-as-a-Service provider offering embedded current accounts, payment rails, and multi-currency infrastructure to fintechs and corporates. Direct competitor to Delos's Infrastructure Platform product and similarly positioned on regulated, API-first banking.
• Banking Circle: Cross-border payment and banking infrastructure for banks, fintechs, and corporates with multi-currency accounts and real-time settlement. Overlaps Delos on multi-rail payment infrastructure and the bank/fintech buyer segment.
• Wirex: Multi-currency crypto-friendly accounts and payments platform serving consumers and businesses, with both fiat and digital asset rails. Comparable to Delos's 30+ fiat/digital currency proposition and digital-asset-first positioning.
• Solaris SE: Berlin-based embedded finance platform providing BaaS, payments, lending, and digital asset infrastructure to fintechs and corporates across Europe. Direct competitor to Delos's white-label/API Infrastructure Platform and active in the same regulatory regimes.
• Railsr (formerly Railsbank): Embedded finance/composable banking infrastructure providing accounts, cards, payments, and KYC via API to fintechs and brands. Direct competitor to Delos's Infrastructure Platform BaaS offering.

Emerging players

• Fiat Republic: Banking-as-a-platform built specifically for WEB3 and digital asset companies facing de-banking. Highly comparable to Delos's WEB3 use case, though smaller scale and earlier stage.

Broad incumbents

• Currencycloud: Cross-border payments infrastructure platform (now part of Visa) serving banks, fintechs, and corporates with multi-currency accounts and FX. Comparable to Delos's multi-rail, multi-currency transactional banking layer at a more mature scale.
• MoneyGram: Global cross-border money transfer and payments incumbent with growing digital-asset on/off ramp capabilities. Overlaps Delos's multi-currency money-movement and WEB3 fiat rails at a much larger, established scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/delos-banking

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

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 Delos