FasterPay
FasterPay is a London-based, FCA-authorized cross-border payments platform offering a multi-currency digital wallet, global payment acceptance, recurring billing, mass payouts, and fraud prevention to e-commerce merchants, marketplaces, and individual consumers across 150+ payment methods and 20+ currencies.
- Company typePrivate
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What FasterPay does
FasterPay is a London-headquartered cross-border payments platform operating as a unified digital wallet for both businesses and consumers. The company's product surface spans a Global Payment Widget with 150+ alternative payment methods, multi-currency business accounts in 20+ currencies and personal accounts in 16 currencies, recurring billing subscriptions, mass and single payouts, e-invoicing, smart budget management dashboards, a branded debit card, and a real-time chat-to-pay feature on iOS and Android. Underlying infrastructure is API-first with native integrations into Shopify, Magento, WooCommerce, Wix, Cafe24, and WHMCS, enabling no-code self-serve onboarding for merchants.
FasterPay makes money primarily through transaction-based take rates (2.7% plus a small fixed component in the US, Canada, and Europe; 3.9% in Rest of World), supplemented by chargeback fees (EUR 20 / GBP 20 / USD 25), SEPA and non-SEPA withdrawal fees, top-up fees differentiated by rail (bank transfer, SEPA, card, ACH), and a merchant-area-configured revenue share. The go-to-market is product-led growth via self-serve sign-up on the website and mobile apps, with channel partnerships distributing through major e-commerce platforms. Founder and CEO Honor Gunday led the company to financial sustainability in August 2018 without external investment, and headcount is reported at 51-100 employees.
Regulatory standing is a defining feature: Fasterpay Limited (FRN: 900681) is authorized by the UK Financial Conduct Authority under the Electronic Money Regulations 2011, and FasterPay Inc. (NMLS # 1120950) is licensed as a Money Services Business by FinCEN. The platform also holds PCI DSS Level 1 certification, GDPR and CCPA compliance, and operates a UK-anchored plus US-anchored entity structure with a Colombian entity for data protection compliance and a stated team presence across London, Las Vegas, Bangalore, Delhi, Berlin, Kyiv, Lisbon, Manila, Seoul, Beijing, Shenzhen, San Francisco, and Buenos Aires.
FasterPay firmographics
Firmographics- Name
- FasterPay
- Legal name
- FasterPay Inc.
- Website
- https://fasterpay.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- FasterPay is a London-based, FCA-authorized cross-border payments platform offering a multi-currency digital wallet, global payment acceptance, recurring billing, mass payouts, and fraud prevention to e-commerce merchants, marketplaces, and individual consumers across 150+ payment methods and 20+ currencies.
- Ownership category
- akta.pro rank
FasterPay industry classification
Industry- Product category
- Cross-Border Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Recurring Billing & AutoPay Management (FSAMAJAE), International / Multi-Currency Wallets (FSAMAEAL), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), QR Code Payments Wallets (FSAMAEAC), Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH)
Keywords
Where FasterPay is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices13 records
Markets served
FasterPay business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Transaction Processing Fees: Percentage-based fees on processed transactions. Business location determines rate: US/Canada 2.7% + $0.30, Europe 2.7% + €0.30, Rest of World 3.9% + $0.30. Fees vary based on business model risk.
- Chargeback Fees: Fees charged for chargeback disputes: €20 EUR, £20 GBP, $25 USD, €20 for all other currencies.
- Withdrawal Fees: SEPA withdrawals €5, Non-SEPA withdrawals €20. Business USD account withdrawal 0.20% + $0.50.
- Top-Up Fees: Local USD bank transfer: 0.1% + $0.20 for amounts <$1000; SEPA: 0.1% + €0.25 for amounts ≥€1000; Credit/debit card: bank-dependent fee. Consumer top-up: 2.7% + €0.30.
- ACH Transfer Fees: Consumer: $1.50 transfer fee (up to $1000), $2.50 same-day ACH. Business: 0.20% + $0.75 for transfers and same-day ACH. Account opening: $2 for consumers.
- Revenue Share: Merchants pay a revenue share percentage to FasterPay in exchange for using the payment service. Rate viewed through Merchant Area.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Business Processing - US & Canada |
| Transaction based/ take rate | Pay-as-you-go | Standard Business Processing - Europe |
| Transaction based/ take rate | Pay-as-you-go | Standard Business Processing - Rest of World |
| Transaction based/ take rate | Pay-as-you-go | Chargeback Fees |
| Transaction based/ take rate | Pay-as-you-go | Withdrawal Fees |
| Transaction based/ take rate | Pay-as-you-go | Consumer Top-Up - Local USD Bank Transfer |
| Transaction based/ take rate | Pay-as-you-go | Consumer Top-Up - SEPA |
| Transaction based/ take rate | Pay-as-you-go | Consumer Top-Up - Credit/Debit Card |
| Transaction based/ take rate | One time/ perpetual license | Consumer ACH - Account Opening |
| Transaction based/ take rate | Pay-as-you-go | Consumer ACH - Transfer Fee |
| Transaction based/ take rate | Pay-as-you-go | Consumer ACH - Same Day |
| Transaction based/ take rate | One time/ perpetual license | Business ACH - Opening Fee |
| Transaction based/ take rate | Pay-as-you-go | Business ACH - Payout/Transfer |
| Transaction based/ take rate | Pay-as-you-go | Thailand Transfer Fee |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
FasterPay product offering
Product offeringCore offering
FasterPay operates a cross-border digital wallet and global payment processing platform offering multi-currency accounts, payment acceptance, mass payouts, subscription billing, e-invoicing, and fraud prevention. The platform serves both businesses (with Global Payment Widget, Subscriptions, Payouts, Multi-Currency Business Accounts, and Passport.Risk fraud prevention) and individual consumers (with Personal Multi-Currency Accounts, Digital Wallet Transfers, Flexible Top-Up, and FasterPay Mobile App), processing payments across 20+ business currencies and 16 personal currencies with 150+ alternative payment methods.
Product overview
FasterPay is an electronic wallet and global payment platform providing both business and personal accounts. The business offering includes the Global Payment Widget (cross-border payment acceptance), Subscriptions (recurring billing), Smart Budget Management (real-time dashboards), E-Invoicing (automated billing), Payouts (single and mass payments), Passport.Risk (fraud prevention/KYC), Multi-currency Accounts (20+ currencies), FasterPay Debit Card, and FasterPay for Marketplaces (Shopify, Magento, WooCommerce, Wix, Cafe24 integrations). The personal offering includes Multi-currency Accounts (16 currencies), Digital Wallet Transfer, Flexible Top-Up, Payments, and FasterPay Mobile app. The platform operates as a unified ecosystem where users can manage multi-currency balances, process global transactions, and access enterprise-level banking features from a single account.
Differentiator
Problem solved
Functional benefit
Brands
- Passport.Risk: Real-time fraud prevention platform for KYB verification protecting business and customer data.
Products and services
- Global Payment Widget A cross-border payment widget that allows online merchants to accept payments with customers' preferred currencies and 150+ alternative payment methods, supporting PC, iOS, Android, and SmartTV platforms.
- Subscriptions Recurring billing solution enabling merchants to create flexible subscription plans with automated payments, dunning management, revenue recovery, and customizable subscription options.
- E-Invoicing
Quantifiable outcome
- Real-time payout processing for Thailand transfers
- +2 more outcomes
Companies that use FasterPay
Customer profileSegments4 records
Ideal customer profiles2 records
FasterPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature10 records
FasterPay partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- WixcoreIntegration partnership enabling Wix merchants to access FasterPay's 200+ payment methods. FasterPay is available as a payment option in the Wix App Market, allowing merchants to offer localized payment experiences to global customers.
- ShopifycoreNative plugin integration allowing Shopify merchants to use FasterPay as a convenient payment method with protected payment processing.
- MagentocoreIntegration tutorials available for adding FasterPay's payment gateway to Magento platforms to maximize retail potential.
- WooCommercecoreWordPress/WooCommerce plugin that is easy to install and fully customizable for online stores.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
FasterPay competitors and assessment
Company assessmentDirect peers
- Wise (formerly TransferWise): Wise is the leading cross-border money transfer and multi-currency account provider for both consumers and businesses, directly comparable to FasterPay's FasterPay-to-FasterPay transfers, Multi-Currency Accounts (EUR, GBP, USD, etc.), and IBAN/SWIFT payout functionality with mid-market FX.
- Payoneer: Payoneer provides cross-border payments and multi-currency accounts targeted at SMBs, freelancers, and marketplaces — highly comparable to FasterPay's Payouts, Multi-Currency Accounts, and marketplace integrations with Shopify/WooCommerce/Magento.
- Skrill (Paysafe Group): Skrill operates a digital wallet and global payment platform serving consumers and merchants, with multi-currency balances and merchant payment acceptance directly overlapping FasterPay's personal wallet and Global Payment Widget offering.
- 2Checkout (Verifone): 2Checkout provides cross-border digital commerce and global payment processing for online merchants via plugins and APIs, closely aligning with FasterPay's plugin integrations for Shopify, Magento, WooCommerce, Wix, and Cafe24.
- dLocal: dLocal is a cross-border payment processor specializing in emerging markets with local payment methods and multi-currency settlement, closely comparable to FasterPay's emerging-market corridors (Thailand, India, Korea) and 150+ APM coverage.
Broad incumbents
- Stripe: Stripe is a global online payments platform serving businesses of all sizes with checkout, subscriptions, payouts, multi-currency support, and embedded finance — overlapping FasterPay's Global Payment Widget, Subscriptions, Payouts, and Multi-Currency Accounts at scale.
- PayPal: PayPal's PayPal and Venmo wallets, Braintree, and Hyperwallet sit at the intersection of consumer digital wallets, merchant payment acceptance, cross-border transfers, and multi-currency accounts — broadly overlapping FasterPay's full consumer + business stack.
- Adyen: Adyen is a global payment platform offering online, mobile, and POS acquiring with broad payment method support and multi-currency settlement; comparable to FasterPay's Global Payment Widget and merchant marketplace integrations at the enterprise end.
- Checkout.com: Checkout.com is a global payment processor with multi-currency acquiring and 150+ payment methods, directly comparable to FasterPay's cross-border checkout and APM (Alternative Payment Method) coverage for international merchants.
Others
- Paymentwall: Paymentwall is referenced in FasterPay's ownership commentary as an 'older sister company,' operating global digital payment and checkout services for online businesses; it is a closely affiliated adjacent player rather than a head-to-head competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
FasterPay social profiles
Digital presenceFasterPay compliance and trust
Trust signalCompliance6 records
FasterPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
FasterPay leadership team
Management profileNumber of profiles
Profiles3 records
FasterPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FasterPay 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 FasterPay
What does FasterPay do?
FasterPay operates a cross-border digital wallet and global payment processing platform offering multi-currency accounts, payment acceptance, mass payouts, subscription billing, e-invoicing, and fraud prevention. The platform serves both businesses (with Global Payment Widget, Subscriptions, Payouts, Multi-Currency Business Accounts, and Passport.Risk fraud prevention) and individual consumers (with Personal Multi-Currency Accounts, Digital Wallet Transfers, Flexible Top-Up, and FasterPay Mobile App), processing payments across 20+ business currencies and 16 personal currencies with 150+ alternative payment methods.
Is FasterPay a public or private company?
FasterPay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FasterPay founded?
FasterPay was founded in 2012. It employs 51 to 100 people.
Where is FasterPay based?
FasterPay is headquartered in London, United Kingdom, in the Europe region.
How does FasterPay make money?
Six revenue lines are on record. Transaction Processing Fees are the primary driver. The others are chargeback Fees, withdrawal Fees, top-Up Fees, ACH Transfer Fees and revenue Share.
Who are FasterPay's main competitors?
Direct peers on record are Wise (formerly TransferWise), Payoneer, Skrill (Paysafe Group), 2Checkout (Verifone) and dLocal. Broad incumbents are Stripe, PayPal, Adyen and Checkout.com. Paymentwall is listed as an others.
Does FasterPay have an API?
Yes. FasterPay offers a public API enabling developers to build payment buttons, checkout pages, and subscription services. Developers can generate pay buttons using API keys from the Integration tab of their business account without needing coding experience. The API also supports subscription billing for recurring payments with options for monthly billing, free trials, and subscription cancellation. Documentation and API explorer available at docs.fasterpay.com. Developer documentation is at docs.fasterpay.com/api.
What industry is FasterPay in?
FasterPay's product category is Cross-Border Payments. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAMAJAE, Recurring Billing & AutoPay Management. Its NAICS code is 52232 and its SIC code is 6199.