Vault
Vault is a Dubai-based white-label Digital Banking-as-a-Service platform that enables businesses to launch branded crypto-friendly banking operations—including IBAN accounts, payment cards, crypto wallets, and token solutions—across 200+ countries in 7-30 days, serving 75+ paying clients.
- Company typePrivate
- Founded2017
- HeadquartersDubai, United Arab Emirates
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Vault does
Vault (legal entity VAULT IST DMCC) is a Dubai-based white-label Digital Banking-as-a-Service (DigiBaaS) platform founded in 2017 that enables businesses to launch crypto-friendly banking operations under their own brand. The platform provides an integrated product suite consisting of individually segregated IBAN bank accounts supporting 40+ fiat currencies, virtual and physical payment cards in USD/EUR with Apple Pay and Google Pay support, crypto wallets covering 100+ currencies, token solutions for client-issued crypto assets, on/off-ramp crypto exchange, and KYC/AML compliance tooling. Deployment options include white-label mobile apps (deliverable in under 14 days), web platforms, and API integration. Fiat custody is provided through segregated accounts at DBS and HSBC, and the company operates across 200+ countries.
The company operates a B2B model generating revenue from one-time setup fees ($50,000-$250,000 per client), recurring monthly platform fees (up to $10,000 per month), and transaction-based fees from end-user activity, supplemented by an ambassador referral program paying $10,000 upfront plus $500/month for 12 months per successful referral. Vault targets fintech startups, traditional banks seeking crypto capabilities, crypto businesses needing fiat utility, brokers and trading venues, social media platforms, and multi-level marketing companies. The GTM combines enterprise field sales driven by demo requests with partner referrals, and the platform currently serves 75+ paying white-label clients representing 1M+ end users. Setup-to-launch cycle is 7-30 days versus an estimated 2-3 years for build-from-scratch, with the company claiming client ROI in under a year. Leadership includes Chairman Austin Kimm (also co-founder of Crypterium) and CCO Andrey Diyakonov (ex-Choise.com, ex-LATOKEN). The company is privately held with no disclosed funding rounds or external investors.
Vault firmographics
Firmographics- Name
- Vault
- Legal name
- VAULT IST DMCC
- Website
- https://vault.ist
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Vault is a Dubai-based white-label Digital Banking-as-a-Service platform that enables businesses to launch branded crypto-friendly banking operations—including IBAN accounts, payment cards, crypto wallets, and token solutions—across 200+ countries in 7-30 days, serving 75+ paying clients.
- Ownership category
- akta.pro rank
Vault industry classification
Industry- Product category
- Banking-as-a-Service Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Depository Credit Intermediation (5221)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Tokenization, Network Vaults & Credential Management (FSAGABAF), Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK)
Keywords
Where Vault is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Vault business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- White-Label Platform Licensing: Set-up fee ranging from $50,000 to $250,000 for custom-made white-label solutions, followed by monthly platform fees up to $10,000 per month. This is the primary revenue stream from enterprise clients seeking to launch crypto-friendly banking operations under their own brand.
- Transaction Fees: Clients determine how and what to charge their own users for transactions, with Vault handling the underlying infrastructure. Most launched programs pay for themselves through transactional activity.
- Ambassador Referral Program: Ambassadors earn commissions for referring new white-label clients. Example compensation includes $10,000 upfront plus $500 per month for 12 months per successful referral.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Starter Partner - Basic Rewards tier for ambassadors wanting to try the program |
| Other | Monthly | Pro Partner - Advanced Rewards for ambassadors seeking expanded Vault experience |
| Other | Monthly | Expert Partner - Exclusive Rewards for ambassadors fully committed to Vault growth |
| One time/ perpetual license | Multi-year contract | Standard White-Label Setup |
| Subscription | Monthly | Monthly Platform Fee |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Vault product offering
Product offeringCore offering
Vault provides a fully licensed, white-label Digital Banking as a Service (DigiBaaS) platform that enables any company to launch its own crypto-friendly digital bank under its own brand in 7-30 days. The unified product portfolio includes individually segregated multi-currency IBAN bank accounts, virtual and physical USD/EUR payment cards with mobile wallet support, user-segregated crypto wallets covering 100+ currencies, token integration utilities, fiat on/off-ramp rails, a white-label crypto exchange, dedicated mobile apps, web deployment, API integration, and built-in KYC/AML compliance, all operating across 200+ countries.
Product overview
Vault is a crypto-friendly digital banking-as-a-service (DigiBaaS) platform offering a unified product portfolio consisting of a White Label Banking Platform as the core infrastructure, supplemented by six integrated product modules: Bank Accounts (individually segregated IBAN accounts), Payment Cards (USD/EUR virtual and physical cards), Crypto Wallets (100+ currency support), Token Solutions (for client token integration), Onramp (purchase crypto), and Offramp (liquidate crypto). The platform also includes a dedicated Crypto Exchange, Mobile App, and Web Solutions as deployment options. All products are interoperable and cross-compatible, operating in 200+ countries with 40+ fiat currencies, supporting Apple Pay and Google Pay, with full KYC/AML compliance. The white-label model allows clients to launch these services under their own brand in 7-30 days.
Differentiator
Problem solved
Functional benefit
Products and services
- White Label Banking Platform (DigiBaaS) A complete crypto-friendly Digital Banking as a Service platform enabling any company to launch its own branded banking operations including cards, bank accounts, and crypto services under its own brand, typically in 7-30 days.
- Bank Accounts Individually segregated IBAN accounts available to users regardless of country of residence (some restrictions apply), supporting 40+ fiat currencies with multicurrency IBAN and SWIFT capabilities.
- Payment Cards Multi-currency virtual and physical payment cards available in USD or EUR, with Apple Pay and Google Pay support, deliverable and usable in 200+ countries.
- Crypto Wallets User-segregated cryptocurrency wallets supporting more than 100 different currencies with bank-grade custody and deep liquidity orchestration.
- Token Solutions Enables clients with their own crypto tokens to easily integrate them into the Vault ecosystem, providing fiat on/off-ramp, exchanges, swaps, and the ability to spend tokens via bank wires and cards.
- Onramp: Purchase Crypto Global payment solutions providing access to a world of cryptocurrencies, allowing users to purchase crypto with fiat currency.
- Offramp: Liquidate Crypto Exit cryptocurrency into traditional fiat currencies as easily as sending a bank transfer, enabling seamless conversion from crypto to fiat.
- Crypto Exchange White-label crypto exchange software enabling send, receive, and exchange of crypto and fiat in seconds, powered by bank-grade custody and deep liquidity.
- Dedicated Mobile App Fully functional dedicated mobile applications built from the ground up, delivered in less than 14 days as part of the white-label offering.
- Web Solutions Web deployment solutions built for specific business needs as part of the white-label platform deployment options.
- DigiBaaS API A robust API that enables clients to integrate Vault's banking, crypto, card, and token functionality into their own business applications with deployment options across Web, Mobile App, or API.
Quantifiable outcome
- Time to market reduced from 2-3 years to 7-30 days
- +5 more outcomes
Companies that use Vault
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles2 records
Vault technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature8 records
Vault partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- DBScoreDBS bank serves as one of the largest banks where fiat currencies are held in segregated user accounts. This partnership ensures asset security for Vault's fiat holdings, providing credibility and regulatory backing for the platform's banking operations.
- HSBCcoreHSBC serves as a key banking partner where fiat currencies are held in segregated user accounts. Partnership with this global financial institution enhances Vault's credibility and ensures secure custody of client funds.
- Leading Global Payment and Fintech ProviderscoreVault collaborates with leading global payment and fintech providers to deliver an unparalleled, secure, and comprehensive ecosystem. These partnerships enable features like fiat banking, FX, white-label cards, transaction monitoring, AML and KYC services.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Vault competitors and assessment
Company assessmentBroad incumbents
- Railsr: Embedded finance/BaaS provider offering card issuance, bank accounts, and compliance-as-a-service to fintechs. Overlaps with Vault on white-label banking and card infrastructure.
- Galileo Financial Technologies: Payment processing and card-issuance platform powering fintech programs. Comparable to the transaction-processing and card-issuing engine sitting underneath Vault's white-label stack.
- Plaid: Provides fintech API infrastructure for account connectivity, KYC, and payments. While not a direct white-label bank, Plaid sits in the same fintech-infrastructure stack that Vault's clients often compose with.
- Banking Circle: Provides white-label banking and payment infrastructure, including IBAN issuance and FX for fintechs. Comparable in the BaaS layer beneath Vault's stack, though with a more traditional (less crypto-native) focus.
- Solaris: European embedded finance platform offering IBANs, cards, KYC, and payments infrastructure under one API. Functionally equivalent to Vault's white-label stack for European fintechs without the crypto-heavy emphasis.
Direct peers
- Wirex: Wirex offers a crypto-friendly multi-currency account and debit card across 200+ countries, with white-label and BaaS capabilities. The closest functional analogue to Vault's combination of IBAN, cards, and crypto on/off-ramps.
- Bitpanda: European crypto investment platform with debit card issuance and built-in fiat rails. Comparable in offering a regulated crypto plus fiat plus card proposition, although more retail-consumer-facing than white-label.
- MoonPay: Provides crypto on/off-ramp and wallet infrastructure that fintechs integrate or white-label. Overlaps with Vault's onramp/offramp and token-utility rails for B2B distribution.
- Crypterium: Crypto card and banking app founded by Vault's chairman Austin Kimm; directly comparable product set of crypto cards, wallets, and fiat rails, making it the closest reference point for Vault's white-label card stack.
Emerging players
- Baanx: Crypto-friendly banking-as-a-service platform offering cards and accounts for digital asset businesses. Closely comparable niche to Vault's crypto-fiat BaaS, though with narrower geographic focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Vault social profiles
Digital presenceVault compliance and trust
Trust signalCompliance3 records
Vault financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vault leadership team
Management profileNumber of profiles
Profiles3 records
Vault funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vault 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 Vault
What does Vault do?
Vault provides a fully licensed, white-label Digital Banking as a Service (DigiBaaS) platform that enables any company to launch its own crypto-friendly digital bank under its own brand in 7-30 days. The unified product portfolio includes individually segregated multi-currency IBAN bank accounts, virtual and physical USD/EUR payment cards with mobile wallet support, user-segregated crypto wallets covering 100+ currencies, token integration utilities, fiat on/off-ramp rails, a white-label crypto exchange, dedicated mobile apps, web deployment, API integration, and built-in KYC/AML compliance, all operating across 200+ countries.
Is Vault a public or private company?
Vault is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Vault founded?
Vault was founded in 2017. It employs 11 to 50 people.
Where is Vault based?
Vault is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Vault make money?
Three revenue lines are on record. White-Label Platform Licensing is the primary driver. The others are transaction Fees and ambassador Referral Program.
Who are Vault's main competitors?
Broad incumbents on record are Railsr, Galileo Financial Technologies, Plaid, Banking Circle and Solaris. Direct peers are Wirex, Bitpanda, MoonPay and Crypterium. Baanx is listed as an emerging player.
Does Vault have an API?
Yes. Vault offers a robust API that enables integration with clients' existing setups for swift and thorough integration across any business application. The API supports various deployment options including Web, Mobile App, or API integration with standalone solutions. Clients can take full control over app functionality including promotional functions, compliance features, and performance analytics.
What industry is Vault in?
Vault's product category is Banking-as-a-Service Software. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSAGABAF, Tokenization, Network Vaults & Credential Management. Its NAICS code is 522320 and its SIC code is 6200.