Praxis
Praxis Tech is a Cyprus-based payment orchestration platform that connects enterprise merchants in iGaming, Trading/Forex, and E-Commerce to 600+ PSPs, 1,000+ APMs, and 200+ currencies through a single API integration, without processing or holding client funds.
- Company typePrivate
- Founded2014
- HeadquartersAyios Athanasios, Cyprus
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Praxis does
Praxis Tech Ltd. is a Cyprus-headquartered payment orchestration platform founded in 2014 and operating as a bootstrapped, privately held company. Its core function is to bind payment service providers, acquirers, gateways, and alternative payment methods into a unified transaction flow through a single API, giving merchants access to 600+ PSPs, 1,000+ APMs, and 200+ currencies. The company explicitly does not process or settle transactions or handle client funds; it is an orchestration layer sold to merchants. Product architecture is modular: Praxis Cashier (a customizable iFrame-based hosted payment page) is the flagship, complemented by Praxis Direct (API integration for merchants with their own cashier) and Hosted Payment Fields (PCI-compliant embedded card fields). Add-on modules include Smart Routing, a Decline Recovery Suite (BDCC, Open Banking retries, insufficient-funds retries), Merchant Initiated Transactions, and Praxis Safe (risk management powered by CyberSource). Native crypto support spans 16+ digital assets and stablecoins.
Praxis sells exclusively through direct B2B enterprise field sales, with pricing quoted per engagement rather than published. It targets three vertical segments: iGaming (primary), Trading/Forex/CFD, and E-Commerce, serving operators that operate across multiple regulated jurisdictions and require localized payment methods. Named enterprise customers include Stake, a global iGaming operator partnered in November 2025. Operating geographies span Europe, the Middle East, Latin America, and Asia-Pacific, with offices in Limassol (Cyprus), Dubai (UAE), and Prishtina (Kosovo); the United States is explicitly excluded. The company holds PCI DSS Level 1, ISO/IEC 27001:2022, and Visa Verified Service Provider certifications, and operates a public REST API (v1.3) with webhook and MCP support, alongside a developer documentation portal at docs.praxis.tech. Leadership comprises Co-Founder and Director Amit Klatchko and CTO Guy Karsenti.
Praxis firmographics
Firmographics- Name
- Praxis
- Legal name
- Praxis Tech Ltd.
- Website
- https://praxis.tech
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Praxis Tech is a Cyprus-based payment orchestration platform that connects enterprise merchants in iGaming, Trading/Forex, and E-Commerce to 600+ PSPs, 1,000+ APMs, and 200+ currencies through a single API integration, without processing or holding client funds.
- Ownership category
- akta.pro rank
Praxis industry classification
Industry- Product category
- Payment Orchestration Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Smart Routing, Cascading & Payment Optimization (FSAMACAJ)
- akta.pro secondary industry
- Payment Gateways & Orchestration (BPAMAFAA)
Keywords
Where Praxis is headquartered
LocationHeadquarters
- HQ city
- Ayios Athanasios
- HQ country
- Cyprus
- HQ region
- Europe
Offices3 records
Markets served
Praxis business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Payment Orchestration / Transaction Fees: Praxis acts as a payment orchestration platform connecting merchants with PSPs and payment providers. Revenue is generated through transaction fees, take rates, or usage-based pricing tied to payment volume processed through the platform. The company does not process or settle transactions or handle client funds directly.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Praxis product offering
Product offeringCore offering
Praxis operates a payment orchestration platform that binds service providers, acquirers, gateways, and banks into a unified, harmonized transaction flow. Through a single REST API, merchants gain access to 600+ pre-integrated Payment Service Providers (PSPs), 1,000+ Alternative Payment Methods (APMs), and 200+ currencies, with AI-driven Smart Routing, a comprehensive Decline Recovery Suite, and PCI DSS Level 1 compliant hosted payment infrastructure for enterprise merchants in regulated online industries.
Product overview
Praxis Tech is a Cyprus-based payment orchestration platform founded in 2014, offering a modular platform-plus-products architecture. The core flagship is Praxis Cashier — a fully customizable iFrame-hosted payment page — which is complemented by Praxis Direct (API-based direct integration for merchants with existing cashiers) and Hosted Payment Fields (PCI-compliant embedded card fields for merchant-designed forms). Add-on modules include Smart Routing, Decline Recovery Suite, BDCC (Background Dynamic Currency Conversion), Retry with Open Banking, Retry on Insufficient Funds, and Merchant Initiated Transactions. The enterprise risk management add-on is Praxis Safe, powered by CyberSource. The platform connects to 600+ PSPs, 1,000+ APMs, and 200+ currencies across three industry verticals: iGaming, Trading/Forex, and E-Commerce. Crypto support includes 16+ cryptocurrencies and stablecoins. A public REST API (v1.3) with webhook support and MCP server enables deep developer integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Praxis Cashier Flagship fully customizable iFrame-based hosted payment page that connects enterprise merchants to 600+ PSPs and 1,000+ APMs through a feature-packed back-office. Includes Smart Routing, BDCC, 3DS cascading, virtual terminal, and cashier editor for branding customization. Designed for merchants that want a ready-to-use payment interface without building their own cashier.
- Praxis Direct API-based direct integration product for businesses that have their own cashier page. Connects directly to 600+ PSPs and 1,000+ APMs via a single REST API, enabling credit card routing, advanced risk prevention, unified reporting dashboard, instant deployment of pre-integrated processors, and automated preset routing rules. Designed for merchants that want server-to-server orchestration while retaining their own checkout UI.
- Hosted Payment Fields Behind-the-scenes credit card payment fields embedded in the merchant's existing forms, providing PCI-DSS Level 1 compliance by default. Supports 540+ PSPs, Smart Routing, and payment tokenization. Enables merchants to retain full design control of their checkout while Praxis handles secure transaction flows in the background.
- Praxis Safe Premier plug-and-play risk management and fraud prevention solution powered by CyberSource. Uses ML models running across CyberSource's 141B+ annual transaction network for real-time pre-authorization fraud screening, chargeback defense, and customizable rules-based engine including velocity checks, geographical filters, and block lists. Sold as a standalone product and as an upsell to existing payment orchestration customers.
- iGaming Industry Solution Industry-specific payment orchestration solution for sports betting and online casino operators. Includes Merchant Initiated Transactions for in-game payments, Decline Recovery Suite, geo-relevant cashier with local payment methods, Open Banking retries, and currency conversion tailored to the iGaming sector. Designed to boost player transaction approval rates and support market-by-market regulatory expansion.
- Trading Industry Solution Industry-specific payment orchestration solution for Forex and CFD brokers. Includes FX Rate Management Suite for transactional stability, pre-integrated CRM connectivity, Smart Routing for CFD and Forex transactions, and features designed for broker payment needs across global customer bases.
- E-Commerce Industry Solution Payment orchestration solution for online retailers offering frictionless checkout processes supporting multiple payment methods, currencies, and languages. Includes abandoned cart recovery via SMS/email payment links, one-click payments, promo codes and coupons, native integration with WooCommerce, Salesforce, and Zendesk, and global multi-currency/multi-language checkout to reduce cart abandonment and increase conversions.
Quantifiable outcome
- Up to 90% increase in transaction approvals with Decline Recovery Suite
- +5 more outcomes
Companies that use Praxis
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Praxis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability4 records
Feature10 records
Praxis partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- StakecorePraxis Tech partnered with Stake, a global online entertainment and iGaming operator, to enhance global payment performance. Through this collaboration, Stake leverages Praxis's rapid PSP integrations and orchestration technology to deliver faster, more reliable, and compliant payment experiences across its global player base. The partnership aims to support Stake's market-by-market expansion by providing flexible payment infrastructure that adapts to local preferences and regulatory requirements.
Scale indicators10 records
Recent moves6 records
Expansion highlights7 records
Praxis competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Praxis social profiles
Digital presencePraxis compliance and trust
Trust signalCompliance3 records
Praxis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Praxis leadership team
Management profileNumber of profiles
Profiles2 records
Praxis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Praxis 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 Praxis
What does Praxis do?
Praxis operates a payment orchestration platform that binds service providers, acquirers, gateways, and banks into a unified, harmonized transaction flow. Through a single REST API, merchants gain access to 600+ pre-integrated Payment Service Providers (PSPs), 1,000+ Alternative Payment Methods (APMs), and 200+ currencies, with AI-driven Smart Routing, a comprehensive Decline Recovery Suite, and PCI DSS Level 1 compliant hosted payment infrastructure for enterprise merchants in regulated online industries.
Is Praxis a public or private company?
Praxis is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Praxis founded?
Praxis was founded in 2014. It employs 11 to 50 people.
Where is Praxis based?
Praxis is headquartered in Ayios Athanasios, Cyprus, in the Europe region.
How does Praxis make money?
One revenue line is on record: payment Orchestration / Transaction Fees.
Does Praxis have an API?
Yes. Praxis offers a public REST API (v1.3) for server-to-server payment processing integration. The API supports transaction lifecycle management including: sale/payment, authorization/capture/cancel, payout (card and APM/wallet), refund, and withdrawal request management. It uses HMAC-based signature authentication via the gt-authentication header. Base URL for live is https://gw.praxisgate.com/. Webhooks (payment notifications) are delivered to merchant-defined notification_url. Sandbox/test environment is available at https://gw.praxis-test.com/. API supports locales (BCP 47), ISO 4217 currencies, E.164 phone numbers, and Satoshi units for crypto. Developer documentation is at docs.praxis.tech.
What industry is Praxis in?
Praxis's product category is Payment Orchestration Software. Its primary akta.pro industry code is FSAMACAJ, Smart Routing, Cascading & Payment Optimization, with a secondary code of BPAMAFAA, Payment Gateways & Orchestration. Its NAICS code is 522320 and its SIC code is 7370.