Praxis

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.

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

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

• Payment orchestration platform
• Payment processing software
• Transaction routing
• Online payment integration
• Merchant payment services

Headquarters

HQ city

Ayios Athanasios

HQ country

Cyprus

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. 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

Core 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

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature10 records

Partnerships

One partnership is on record.

• StakecoreStrategic or Co-development Partner · 5 November 2025Praxis 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

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Praxis_Tech_
• Facebookfacebook.com/PraxisTechLTD
• LinkedInlinkedin.com/company/praxistechnology

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Praxis