What sciopay does

sciopay Ltd is a London-based FCA-authorized payment institution operating a white-label cross-border payments and FX platform targeted at businesses rather than end consumers. Founded in 2020 as a wholly owned subsidiary of Scio Group Limited, the company enables 'branded introducers' — FX brokers, real estate firms, logistics companies, sports and talent managers, wealth managers, and FX startups — to offer international payment and FX services to their own clients under their own brand without building the underlying infrastructure. The platform supports transactions in 70+ currencies to 200+ jurisdictions and processes in excess of £100 million in monthly payment flow.

The core technology is a cloud-native platform hosted on AWS and Microsoft Azure, delivered as a no-code solution with pre-integrated liquidity rails, compliance infrastructure, and payment networks. Functionally, the platform is composed of a White-Label Global Payment Platform (core product) layered with modules including FX Tools (spot and forward trading, hedging up to 24 months), Mass Payments (CSV-driven bulk payouts), Local Settlements (domestic rails in six major currencies), Multi-Currency Settlement IBANs (single IBAN across 35+ currencies), a Client & Sales Data Dashboard, Affiliate Management & Reporting, a Revenues & Commissions module, and Security & Compliance infrastructure. The company holds FCA Authorized Payment Institution status (FRN: 927951), HMRC Money Service Business registration (XCML00000151326), Cyber Essentials certification, and complies with UK APP fraud reimbursement rules. The architecture is no-code by design, with no public or partner-facing API, deliberately removing the need for engineering investment from partners.

The business model is a transaction-based revenue share. Partners earn commission on every FX and international payment transaction processed through the platform, with sciopay retaining a spread or platform fee on the underlying flow. Revenue streams include FX transaction commission, international payment processing fees, and recurring revenue from ongoing client activity. GTM is split between a channel-partner / OEM model (branded introducers resell services under their own brand) and direct enterprise sales targeting FX brokers and financial service providers. Headcount is in the 11-50 range, the company is privately held with no disclosed VC funding, and its named customer base spans roughly a dozen small-to-mid-sized FX brokerages and vertical-specific partners including Spectrum, RegencyFX, Clear Capital, MayfairFX, August Exchange, FC Global Payments, MSB, Cremello, Managed Markets, Elev8 Exchange, SportsFX, Tankard Wealth, Unique FX, and Propserv.

Name

sciopay

Legal name

Sciopay Ltd

Website

https://sciopay.co

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

sciopay is a London-based FCA-authorized payment institution that provides a white-label, no-code cross-border payments and FX platform, enabling FX brokers and vertical-specific partners to offer branded international payment services to their own clients.

Ownership category

akta.pro rank

Product category

Cross-Border Payments & FX Infrastructure

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Embedded FX & Cross-Border Treasury (FSAGALAG), FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines) (FSAGAKAG)

Keywords

• Cross-border payments
• White-label FX
• Foreign exchange services
• Payment infrastructure
• Multi-currency settlements

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. FX Transaction Commission: Partners earn commission on every foreign exchange transaction processed by their clients. The revenue share model is fully transparent with partners knowing exactly what they earn from each transaction. Commission payouts are described as 'high' and 'lucrative' with the company emphasizing transparent commission shares.
2. International Payment Processing: Revenue generated from processing cross-border payments including mass payments, local settlements, and multi-currency IBAN transactions. Partners earn on every transaction clients make including single payments to mass payouts.
3. Recurring Revenue from Client Activity: Ongoing commission and revenue stream from client transaction activity. As clients settle invoices, make cross-border payments, and exchange currency, partners profit from each transaction facilitated through the platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

sciopay operates a white-label, no-code cross-border payment and FX platform that enables businesses (FX brokers, startups, real estate firms, logistics providers, sports managers, and wealth managers) to offer branded international payment and foreign exchange services to their own clients. The FCA-regulated platform combines multi-currency settlement IBANs, mass payments, local settlement rails, spot and forward FX trading, integrated KYC/AML compliance, and fund safeguarding into a single turnkey solution that partners can launch in weeks without technical investment. Partners earn commission on every FX and cross-border payment transaction their clients process through the platform.

Product overview

sciopay operates as a white-label cross-border payment platform provider, offering a unified platform-plus-modules architecture. The core product is the White-Label Global Payment Platform — a no-code, FCA-regulated platform enabling businesses (branded introducers, FX brokers, startups, and vertical-specific clients) to offer international payment and FX services under their own brand. This core platform is built upon and powered by several integrated modules: FX Tools (spot/forward trading, hedging), Mass Payments (bulk CSV payouts), Local Settlements (domestic rails in 6 currencies), Multi-Currency Settlement IBANs (35+ currencies, single IBAN), Client & Sales Data Dashboard, Affiliate Management & Reporting, Revenues & Commissions, Security & Privacy, and Compliance & Regulation. The platform supports transactions in 70+ currencies to 200+ jurisdictions. Vertical-specific use-case solutions (FX Startups, Real Estate, Global Trade & Logistics, Talent & Sports Management, Wealth Management & IFAs) are built on the same core platform, configured for specific industry needs.

Differentiator

Problem solved

Functional benefit

Products and services

• White-Label Global Payment Platform A no-code white-label cross-border payment and FX platform that enables businesses (branded introducers, FX brokers, startups, and vertical-specific firms) to offer branded international payment services to their clients without building infrastructure. Pre-integrated with liquidity rails, compliance, and payment networks for fast go-live.
• FX Tools FX trading infrastructure for brokers including spot and forward trading, real-time FX execution, FX hedging instruments (forward contracts up to 24 months, drawdowns), and multi-currency conversion capabilities across 70+ currencies.
• Mass Payments Bulk payout functionality allowing users to upload a single CSV to process thousands of payments in 70+ currencies worldwide, with cost-effective FX rates, intelligent payment routing, real-time tracking, and automated reconciliation.
• Local Settlements Local settlement functionality enabling clients to receive and pay funds natively in AUD, EUR (IE), GBP, HKD, SGD, and USD using domestic rails for faster clearance, lower fees, and no SWIFT delays.
• Multi-Currency Settlement IBANs A single settlement IBAN enabling clients to transact in over 35 currencies, receive funds via SWIFT or domestic rails, avoid double conversions, and centralize global payment control and reporting.

Quantifiable outcome

• 50% faster client onboarding process
• +2 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature9 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Currencycloud: Visa-owned white-label cross-border payments and FX infrastructure provider offering APIs and embedded solutions for banks, brokers, and fintechs. Highly comparable to sciopay's white-label model but with a more API-first, developer-oriented approach and significantly more capital backing.
• Wise Platform: White-label embedded cross-border payments offering from Wise that lets banks and businesses integrate Wise's international payment rails under their own brand. Directly competes with sciopay's white-label cross-border proposition but operates at vastly larger scale with a public-company parent.
• Moneycorp: UK-based FX and international payments specialist offering white-label and embedded solutions for financial institutions, brokers, and corporates. Operates in many of the same verticals (real estate, wealth, trade) as sciopay with comparable multi-currency and hedging capabilities.
• OFX (formerly OzForex): Global cross-border payments and FX provider with white-label and API offerings for partners and corporates. Comparable to sciopay in vertical breadth (real estate, wealth, SMEs) and product breadth (spot, forwards, mass payments), though much larger and publicly listed.

Broad incumbents

• Revolut Business: Mass-market fintech offering multi-currency accounts, international payments, and FX for businesses and consumers. Overlaps with sciopay on cross-border payments and FX but is a broader consumer/SME platform with much larger scale rather than a specialised white-label infrastructure provider.
• Western Union Business Solutions: Large incumbent offering international payments, FX, and hedging for businesses and financial institutions. Competes in many of sciopay's verticals but operates globally at much greater scale with bank-grade infrastructure and a portfolio approach rather than white-label specialism.
• Corpay (formerly Cambridge Global Payments / Western Union Business Solutions US): Public-company cross-border payments, FX, and treasury management provider serving corporates, banks, and brokers. Overlaps with sciopay's multi-currency, hedging, and mass-payments capabilities but at enterprise scale and with proprietary banking rails rather than a white-label SaaS model.
• Earthport (Visa Direct): Cross-border payment network owned by Visa providing local payment rails across 200+ markets. Serves as a potential infrastructure upstream supplier (or competitive alternative) to sciopay's local settlement offering, given sciopay's dependence on similar banking and payment-rail partnerships.
• Payoneer: Cross-border payments platform serving freelancers, marketplaces, and SMBs with multi-currency receiving accounts and mass payouts. Comparable to sciopay on multi-currency IBANs and mass payments for SMB/freelancer use cases, though much larger and focused on marketplaces and platforms rather than white-label.

Emerging players

• Solarisbank / Solaris SE: European Banking-as-a-Service platform offering embedded finance infrastructure including FX and cross-border payment capabilities via APIs. Comparable to sciopay on the embedded-finance-for-businesses thesis but takes an API-first, regulated bank platform approach rather than a no-code white-label model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sciopay

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

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 sciopay