What Blackcatcard does

Blackcatcard, which formally rebranded to Blackcat in March 2026, is a Malta-based European fintech platform that offers a mobile-first super-app combining a free personal European IBAN, Mastercard payment cards, cashback rewards, and an integrated cryptocurrency hot wallet (BTC, ETH, USDC) in a single regulated interface. The product is built on a multi-wallet architecture that allows users to create independent wallets organized by purpose or asset type, each with its own EUR IBAN, SEPA transfer capability, and crypto functionality; the architecture is positioned as a foundation for future partner integrations and open-banking connectivity. Fiat operations are issued by Papaya Ltd., an Electronic Money Institution authorized and regulated by the Malta Financial Services Authority (MFSA, registration number C55146), while cryptocurrency services are provided through a separate licensed European partner, MANERIO Sp. z o.o., and the cashback/loyalty program is operated by Baltic Technology Solutions OÜ. The company serves two customer segments: individual consumers (primary), including teenagers aged 13+ with guardian approval, who receive a free IBAN, virtual Mastercard instantly, a free plastic Mastercard delivered worldwide, 5 free SEPA payments per month, and rewards of up to 5% cashback on purchases, 2% on Amazon, and up to 4% p.a. on balance; and business customers, including SMEs, sole proprietors, and regulated companies, who access corporate accounts with unlimited payment cards, multi-account management, and the ability to send and receive both euro and crypto payments globally. Distribution is fully digital and product-led via iOS/Android apps, a desktop web platform, and a global direct sign-up funnel, supported by an ambassador referral program and active social presence. The core offering is free at the consumer level, with revenue generated from interchange and transaction fees on card volumes, premium business account features, and likely spread on crypto transactions, while 24/7 live customer support and instant push notifications underpin retention.

Name

Blackcatcard

Legal name

Papaya Ltd.

Website

https://blackcatcard.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Blackcatcard (rebranded to Blackcat in March 2026) is a Malta-regulated European fintech offering a mobile super-app that combines a free personal EUR IBAN, Mastercard payment cards, cashback rewards, and an integrated crypto wallet (BTC, ETH, USDC) for individual consumers, teenagers, and SME business customers worldwide.

Ownership category

akta.pro rank

Product category

Mobile Banking and Crypto Payments

NAICS

Credit Card Issuing (522210)

SIC

Finance Services (6199)

akta.pro primary industry

Cards & Issuing Management (Debit/Prepaid/Credit, Program Management) (FSAGAAAE)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), Card Issuing Platforms (Issuer Processing) (FSAGABAD)

Keywords

• Mobile banking
• Digital payments
• Crypto debit card
• E-money services
• Fintech super app

Headquarters

HQ city

Valletta

HQ country

Malta

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interchange and transaction fees: Revenue generated from card transaction interchange fees when customers use Blackcatcard for payments. The free tier with limited free SEPA payments (5/month) creates natural upsell opportunity for higher-volume users.
2. Freemium core services with premium upsells: Core banking services (IBAN, basic card, limited SEPA) are free. Revenue likely generated through premium services, higher transaction volumes, and business account features.
3. Business account services: Corporate accounts with unlimited cards, multiple accounts, and business-specific features likely generate higher revenue per customer than individual accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Blackcatcard (rebranded to Blackcat in March 2026) provides a free European IBAN mobile banking account bundled with a Mastercard debit card, SEPA and card-to-card transfers, an integrated hot crypto wallet for BTC, ETH and USDC, and a cashback and rewards program. Fiat operations are issued by Papaya Ltd., an MFSA-authorised Electronic Money Institution in Malta, while crypto services are delivered through partner MANERIO Sp. z o.o.

Product overview

Blackcatcard (now Blackcat after March 2026 rebrand) is a European fintech platform offering a multi-wallet mobile app that combines euro accounts and cryptocurrency services in a single regulated interface. The core offering consists of a Free Personal Account with EUR IBAN, supported by add-on modules including Business Account (for corporate features), Teenagers Account, Blackcatcard Payment Cards (virtual and plastic Mastercard), Crypto Service (hot wallet for BTC/ETH/USDC via partner MANERIO), and Cashback & Bonuses Program. The wallet-based architecture serves as the foundation for the platform, allowing users to create independent wallets organized by purpose or asset type. The service is regulated through Malta-based Electronic Money Institution Papaya Ltd for fiat operations and a separate licensed European partner for crypto services.

Differentiator

Problem solved

Functional benefit

Products and services

• Free Personal Account Free personal IBAN account in Europe for €0 per month, providing personal EUR IBAN, SEPA transfers, virtual and plastic Mastercard cards, crypto wallet access and cashback rewards for individual consumers globally, including non-European residents.
• Business Account Corporate account offering for sole proprietors, SMEs and regulated companies from most jurisdictions, providing unlimited accounts and payment cards per business and the ability to make and receive euro and crypto payments worldwide.
• Teenagers Account Specialised account designed for teenagers aged 13+ with guardian approval, providing age-appropriate financial management tools and features within the Blackcatcard mobile and desktop platform.
• Blackcatcard Payment Cards Mastercard debit cards issued by Papaya Ltd., available as an instant virtual card and a plastic card delivered worldwide, supporting card-to-card payments with no limits and no fees for online and offline purchases.
• Crypto Service Integrated cryptocurrency service featuring a hot wallet for buying, selling, storing, sending and receiving BTC, ETH and USDC, provided through partner MANERIO Sp. z o.o. and combined with euro accounts in a single regulated interface.
• Cashback & Bonuses Program Loyalty program offering up to 5% cashback on purchases, up to 2% cashback on Amazon, up to 4% per annum reward on balance and a gamified Cashback Wheel, with bonus payments delivered by partner Baltic Technology Solutions OÜ.

Quantifiable outcome

• Up to 5% cashback on purchases
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Papaya Ltd.coreTechnology or IntegrationMalta-based Electronic Money Institution authorised and regulated by the Malta Financial Services Authority (MFSA). Provides regulated fiat operations including e-money accounts, IBAN provisioning, and payment card issuance. Registration number C55146. Client funds are safeguarded in accordance with applicable legislation.
• MANERIO Sp. z o.o.coreTechnology or IntegrationProvides integrated crypto exchange and custodial crypto wallets for the Blackcat platform. Enables users to buy, sell, store, send and receive BTC, ETH, and USDC within the app.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Revolut: UK-headquartered European neobank offering multi-currency IBAN accounts, payment cards, SEPA transfers, and integrated crypto buy/sell. Directly comparable to Blackcatcard on consumer freemium banking plus crypto and is the dominant scale competitor in this category.
• N26: Berlin-based European neobank with Mastercard debit accounts, free basic tier, business accounts, and SEPA functionality. Comparable as a regulated EU digital bank targeting similar consumer and freelancer/SME segments, though without Blackcatcard's native crypto integration.
• Bunq: Amsterdam-based European neobank offering multi-currency IBAN accounts, Mastercard cards, business accounts, and cashback rewards. Closely comparable to Blackcatcard's multi-wallet, free-tier, IBAN-led proposition.
• Wirex: Crypto-enabled payment platform issuing Visa/Mastercard cards that bridge fiat and crypto balances, with multi-currency wallets. Highly comparable to Blackcatcard's crypto-card-wallet architecture, particularly on the BTC/ETH/USDC trading plus debit card combination.
• Bitpanda: Vienna-based European crypto investment platform with an integrated Mastercard debit card and EUR IBAN-style account. Comparable to Blackcatcard on the regulated EU crypto-plus-card super-app positioning and consumer target.
• Crypto.com: Global crypto exchange with branded Visa/Mastercard debit/credit cards offering cashback on crypto spend. Comparable on the crypto-card-with-rewards angle, though at much larger global scale and without EU IBAN emphasis.
• Binance Card: Crypto-funded Visa/Mastercard debit card issued by Binance for spending from users' crypto balances. Closely comparable on the crypto-spend proposition, though Binance faces increasing EU regulatory pressure that may benefit Blackcatcard's Malta-licensed model.
• Monese: UK-based digital account provider offering EUR/GBP/RON IBAN accounts and Mastercard cards with global onboarding for non-residents. Highly comparable to Blackcatcard's free IBAN plus card and global-to-non-European-resident positioning.

Broad incumbents

• Wise: Established UK cross-border payments platform with multi-currency accounts and a debit card, primarily known for low-cost FX. Comparable on multi-currency IBAN and card, but not on crypto and not on cashback-led consumer banking.

Emerging players

• Paycent: Smaller crypto-fiat wallet and prepaid Mastercard provider targeting underbanked users in Europe and Asia. Comparable to Blackcatcard on the combined wallet-plus-Mastercard offering for global non-resident users, though smaller scale and less focused on EU EMI licensing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Blackcatcard
• Facebookfacebook.com/blackcatcardofficial
• LinkedInlinkedin.com/company/blackcatcard-official
• Instagraminstagram.com/my.blackcatcard

Compliance1 record

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 Blackcatcard