Xace
Xace is a UK-regulated payment services provider offering multi-currency business accounts, IBANs, and payment infrastructure to iGaming, gambling, esports, prediction market, and cryptocurrency businesses underserved by traditional banks.
- Company typePrivate
- Founded2020
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Xace does
Xace is a UK-headquartered payment services provider founded in 2020 that issues regulated business accounts, IBANs, and payment infrastructure to industries systematically underserved by traditional banks — principally iGaming operators, white-label casinos, gambling software suppliers, gaming affiliates, esports organisations, prediction-market platforms, competition and giveaway operators, cryptocurrency businesses, and ecommerce merchants. The company operates as an FCA Authorised Payment Institution (FRN 948213) via Xace Limited in the UK and an MFSA-licensed entity, Xace Malta Ltd, with additional presence in Cyprus (EU strategy) and a Canadian FMSB registration. The technology stack layers multi-currency accounts (20–25+ currencies including EUR, GBP, USD, CAD) on top of a Modulr-provided EMI backbone across both UK and EU (Netherlands) licences, with SEPA, TARGET2, SWIFT, UKFP, Bacs, and CHAPS rails; PSD2 Open Banking connectivity is delivered through Salt Edge's Priora platform, and cards are issued by Modulr under Visa Europe licensing. A REST API (v1.0) at developer.xace.io exposes account, transaction, approval, payee, and CAMT053 statement endpoints, with a sandbox for integration testing.
The business model combines a recurring subscription component (£250 per account per month, with POA joining fees) with volume-based transaction fees (0.2% for gaming accounts, 0.125% for general business accounts) and FX conversion margins across its currency set. Customer acquisition is sales-led, driven by a dedicated relationship-manager model, industry-specific compliance underwriting of gaming licensing structures, and a heavy conference presence at ICE London (stand N5-250) and SiGMA Europe, complemented by a partner/referral program and an API-led bottom-of-funnel developer channel. Xace monetises regulatory optionality — being willing and licensed to bank the gaming vertical — rather than competing on raw price or product differentiation against mainstream neobanks; this positions the company in a defensible niche but ties its growth to the regulatory and commercial trajectory of the iGaming sector itself.
Xace firmographics
Firmographics- Name
- Xace
- Legal name
- Xace Limited
- Website
- https://xace.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Xace is a UK-regulated payment services provider offering multi-currency business accounts, IBANs, and payment infrastructure to iGaming, gambling, esports, prediction market, and cryptocurrency businesses underserved by traditional banks.
- Ownership category
- akta.pro rank
Xace industry classification
Industry- Product category
- Digital Business Banking and Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payments Orchestration, Wallets & Alternative Payments Enablement (MPAEAKAH)
- akta.pro secondary industries
- Cross-Border & FX Payments Platforms (BPAMAFAK), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where Xace is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Xace business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Transaction Fees: Percentage-based fees charged on transaction volumes processed through accounts. Gaming accounts charged from 0.2% per transaction, Business accounts from 0.125%. Fee structure depends on volume and number of transactions.
- Monthly Account Fees: Monthly subscription fee of £250 per account for both Gaming Payment Account and Business Payment Account. Joining fees are listed as POA (Price on Application).
- Foreign Exchange Services: FX conversion services between 20+ currencies with instant conversion and settlement to almost every country globally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Gaming Payment Account - Monthly subscription for gaming sector businesses |
| Subscription | Monthly | Business Payment Account - Monthly subscription for general business accounts |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Xace product offering
Product offeringCore offering
Xace provides regulated digital business payment accounts with multi-currency IBANs (EUR, GBP, USD, CAD plus 20+ currencies) and instant FX, supported across SEPA, TARGET2, SWIFT, Bacs, UKFP, and CHAPS rails. The offering is tailored to alternative and high-risk industries — primarily iGaming operators, white-label casinos, gambling software suppliers, affiliates, esports, prediction markets, crypto, and e-commerce — that are routinely rejected by traditional banks. Add-on services include virtual debit cards, payment processing, cross-border payouts, PSD2 Open Banking connectivity, and a developer REST API.
Product overview
Xace is a digital payment account provider offering a portfolio of specialized business accounts for alternative and underserved industries, primarily serving the iGaming, gambling, esports, fintech, and cryptocurrency sectors. The core offering consists of Business Payment Accounts providing IBANs, UK sort codes, and multi-currency capabilities across 20+ currencies, accessible through multiple banking rails (SEPA, UKFP, TARGET2, SWIFT, Bacs, CHAPS). The product suite includes specialized accounts for Gaming Payment Accounts, White Label Casino Accounts, Gambling Software Supplier Accounts, Gaming Affiliate Accounts, Competitions & Giveaways Accounts, Esports Payment Accounts, Prediction Market Accounts, Ecommerce Payment Accounts, Crypto Bank Accounts, and Influencer Accounts. Additional services include Foreign Exchange (FX) conversion between 20+ currencies within a single IBAN, Virtual Debit Cards issued via Visa, Cross Border Payments, PSD2 Open Banking integration via Salt Edge, and Card Processing services. A REST API (v1.0) at developer.xace.io enables programmatic access to accounts, transactions, approvals, payees, and CAMT053 statements. Xace operates as a regulated entity under FCA (FRN 948213) in the UK and holds MFSA licensing in Malta, with operations spanning Europe, UK, and Canada.
Differentiator
Problem solved
Functional benefit
Brands
- XacePay: Gaming payment gateway solution for processing payments in the iGaming sector
Products and services
- Business Payment Accounts Regulated multi-currency business payment accounts with company-name IBANs (EUR, GBP, USD, CAD plus 20+ currencies) and UK sort code and account number, reachable via SEPA, TARGET2, SWIFT, Bacs, UKFP, and CHAPS rails. Designed for enterprises in alternative industries underserved by traditional banks, with sub-accounts, real-time payments, accountant reports, web and mobile access, and a dedicated relationship manager.
- Foreign Exchange (FX) Services Instant FX conversion between 20+ currencies within a single IBAN, enabling multi-currency account balances, competitive exchange rates, and settlement to almost every country globally for gaming and alternative-industry businesses.
- Virtual Debit Cards Virtual Visa debit cards issued to business account holders for online purchases, provided under the Visa Europe licence of card issuer partners Modulr FS Limited (UK) and Modulr Finance B.V. (Netherlands).
- Cross Border Payments International payment service enabling outbound and inbound settlements to almost every country globally, leveraging multiple banking rails (SEPA, TARGET2, SWIFT, Bacs, UKFP, CHAPS) and multi-currency balances.
- PSD2 Open Banking PSD2-compliant Open Banking API for Third Party Providers (TPPs) to access account information services (AIS) and initiate payments (PIS) on Xace business accounts, delivered via Salt Edge's Priora platform with both sandbox and production environments.
- Gaming Payment Gateway / Card Processing Payment gateway and card processing service for gaming and gambling merchants, accepting cards, e-wallets (PayPal, Skrill, NETELLER), and Paysafe payment methods to facilitate fund transfer between merchants and customers.
- Xace Developer API REST API (v1.0) exposed at developer.xace.io providing programmatic access to Accounts, Transactions, Approvals, Payees, and Statements (CAMT053 XML), with a sandbox environment for integration testing.
Quantifiable outcome
- 20+ currencies supported including EUR, GBP, USD, CAD
- +1 more outcomes
Companies that use Xace
Customer profileNamed customers1 record
Segments9 records
Ideal customer profiles3 records
Xace technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature6 records
Xace partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Modulr FS LimitedcoreXace Limited is a registered EMD agent of Modulr FS Limited, an Electronic Money Institution authorised and regulated by the FCA (FRN 900573). Modulr FS provides the underlying electronic money issuance and payment services for Xace accounts in the UK. Funds are safeguarded in segregated accounts per Electronic Money Regulations 2011.
- Modulr Finance B.V.coreXace Limited is a partner of Modulr Finance B.V., registered in the Netherlands and authorised by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870). Modulr Finance B.V. provides electronic money issuance and payment services for Xace accounts in the EU with safeguarding per the Dutch Financial Supervision Act.
- Salt EdgecoreSalt Edge provides the PSD2 Open Banking API infrastructure for Xace, enabling Third Party Providers to connect for aggregation and payment services. Xace offers both Sandbox and Production API environments via Salt Edge's Priora platform for the Berlin Group Xace specification.
- Visa EuropecoreCards are issued by Modulr FS Limited or Modulr Finance B.V. pursuant to their respective licences by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Xace competitors and assessment
Company assessmentDirect peers
- Trustly: Trustly is one of the most established account-to-account payment networks for the European iGaming sector, providing deposits and payouts to gaming operators. It is the closest direct competitor to Xace's gaming payments proposition and serves an overlapping customer base of online casinos and sportsbooks.
- MuchBetter: MuchBetter is a mobile-first payments app purpose-built for iGaming deposits and withdrawals. Like Xace, it focuses exclusively on serving gaming operators and players with regulated, multi-currency payment solutions.
- Praxis Tech (PraxisPay): Praxis Tech provides payment orchestration and cashier technology for online gaming merchants. It overlaps with Xace on gaming-focused payment enablement and shares the same regulated vertical specialisation.
- Paywiser: Paywiser is a payment processor focused on high-risk verticals including iGaming, offering merchant accounts and payment gateway services. It is comparable to Xace in serving the gaming sector with banking and acquiring services that traditional banks decline.
- AstroPay: AstroPay provides digital payment solutions and business accounts tailored to online gaming and cross-border merchants. It is comparable to Xace in combining multi-currency accounts with gaming-vertical specialisation, though with stronger LATAM focus.
Broad incumbents
- Revolut Business: Revolut Business offers multi-currency IBANs, FX, virtual cards, and payment rails to SMEs globally. While broader than Xace, its product set directly overlaps and it represents the incumbent alternative Xace competes against for cross-border business accounts.
- Wise Business: Wise Business provides multi-currency accounts with SWIFT/SEPA rails and FX to international businesses. It competes with Xace on cross-border payment functionality, though it does not specialise in the gaming vertical.
- Airwallex: Airwallex offers multi-currency business accounts, FX, and global payment rails for cross-border businesses. Its product overlap with Xace is significant on the financial-stack side, but it serves a broader customer set without gaming-vertical focus.
Others
- Modulr: Modulr is both Xace's core infrastructure partner (UK and EU EMI) and a potential competitor as a BaaS payments platform. Comparable as the regulated e-money layer that underpins Xace's account offering and as an adjacent platform that could enter gaming directly.
Emerging players
- CoinsPaid: CoinsPaid provides crypto payment processing and fiat on/off-ramps with a strong iGaming client base. Comparable to Xace's crypto-bank-account vertical and overlapping on the gaming customer segment, but with a crypto-native rather than fiat-first stack.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Xace social profiles
Digital presenceXace compliance and trust
Trust signalCompliance6 records
Xace financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xace leadership team
Management profileNumber of profiles
Profiles6 records
Xace funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xace 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 Xace
What does Xace do?
Xace provides regulated digital business payment accounts with multi-currency IBANs (EUR, GBP, USD, CAD plus 20+ currencies) and instant FX, supported across SEPA, TARGET2, SWIFT, Bacs, UKFP, and CHAPS rails. The offering is tailored to alternative and high-risk industries — primarily iGaming operators, white-label casinos, gambling software suppliers, affiliates, esports, prediction markets, crypto, and e-commerce — that are routinely rejected by traditional banks. Add-on services include virtual debit cards, payment processing, cross-border payouts, PSD2 Open Banking connectivity, and a developer REST API.
Is Xace a public or private company?
Xace is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Xace founded?
Xace was founded in 2020. It employs 11 to 50 people.
Where is Xace based?
Xace is headquartered in London, United Kingdom, in the Europe region.
How does Xace make money?
Three revenue lines are on record. Transaction Fees are the primary driver. The others are monthly Account Fees and foreign Exchange Services.
Who are Xace's main competitors?
Direct peers on record are Trustly, MuchBetter, Praxis Tech (PraxisPay), Paywiser and AstroPay. Broad incumbents are Revolut Business, Wise Business and Airwallex. Modulr is listed as an others. CoinsPaid is listed as an emerging player.
Does Xace have an API?
Yes. Xace offers a REST API (v1.0) through its developer hub at developer.xace.io. The API provides endpoints for: Accounts (GET /v1/{xaid}/accounts), Transactions (GET /v1/{xaid}/transactions), Approvals (GET /v1/{xaid}/approvals), Payees (GET/POST /v1/{xaid}/payees), and Statements (GET /v1/{xaid}/statements/camt053/{date}). Statements are returned in CAMT053 XML format. The API supports generating daily CAMT053 statements and retrieving transaction data. Sandbox environment available for testing. The API is developer-facing, enabling programmatic access to account and payment management. Developer documentation is at developer.xace.io.
What industry is Xace in?
Xace's product category is Digital Business Banking and Payments. Its primary akta.pro industry code is MPAEAKAH, Payments Orchestration, Wallets & Alternative Payments Enablement, with a secondary code of BPAMAFAK, Cross-Border & FX Payments Platforms. Its NAICS code is 522320 and its SIC code is 6199.