Fide
Fide is a Madrid-based fintech operating the TOPii mobile app, delivering payments, cash withdrawals, and remittances for unbanked and underbanked consumers across Europe, the USA, and Latin America via a 400,000+ merchant network, regulated as a Banco de España e-money agent.
- Company typePrivate
- Founded2013
- HeadquartersMadrid, Spain
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Fide does
FIDE PBC EUROPE S.L. (operating as Fide) is a Madrid-based private fintech founded in 2013 that operates an analytical and predictive business intelligence platform combined with a consumer-facing mobile financial services product called TOPii. The company targets unbanked and underbanked consumers who have access to a mobile phone but lack traditional banking relationships, providing them with payments at affiliated merchants, commission-free cash withdrawals and deposits at partner locations, and international remittances to 180+ countries with transfers reportedly completing in under 30 seconds. Its second primary customer segment consists of affiliated merchants who participate in the TOPii network and are offered eMerchandising tools integrated with the platform's BI layer.
The core technology stack centers on the TOPii mobile application, distributed via direct download, which aggregates payments, remittances, cash operations, and a merchant-side savings/accumulation mechanism into a single consumer interface. Underlying infrastructure claims a distribution network of 400,000+ affiliated merchant commerce points globally. The company is structured as an authorized Agent of an Electronic Money Institution, registered with the Banco de España under registration number 6705, providing supervised regulatory standing to deliver payment and e-money services within the EU framework. GDPR and LOPDGDD compliance is documented. FIDE is led by Executive President and CEO Javier Celaya and co-founder Carlos Santaella, with a team in the 11-50 employee band and no disclosed external venture or institutional capital.
The business model relies on transaction-fee economics across three streams: payment processing at affiliated merchants, international remittances, and merchant-partnership revenue tied to cash withdrawal and deposit volume. The company advertises "Sin Comisiones" (no commissions) to end users on cash operations, implying the principal monetization occurs on the merchant and remittance sides rather than consumer-facing fees. Go-to-market is product-led via the TOPii app, supplemented by a partner/affiliate channel through the merchant network and digital content marketing. No pricing tiers, fee schedules, or revenue figures are publicly disclosed, and there are no announced funding rounds, M&A events, or third-party validated performance metrics in the available data.
Fide firmographics
Firmographics- Name
- Fide
- Legal name
- FIDE PBC EUROPE S.L.
- Website
- https://fidecorp.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fide is a Madrid-based fintech operating the TOPii mobile app, delivering payments, cash withdrawals, and remittances for unbanked and underbanked consumers across Europe, the USA, and Latin America via a 400,000+ merchant network, regulated as a Banco de España e-money agent.
- Ownership category
- akta.pro rank
Fide industry classification
Industry- Product category
- Mobile Payments and Digital Financial Services
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Cross-Border Payment Orchestration & Routing (FSAGAKAJ), Cross-Border & FX Payments Platforms (BPAMAFAK), Payment Gateways & Orchestration (BPAMAFAA)
Keywords
Where Fide is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Fide business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Payment Services: Transaction fees from payment processing at affiliated merchants across the global network of 400K+ commerce points.
- Remittances: Fees charged for international money transfers to 180+ countries, with transfers completing in under 30 seconds.
- Cash Withdrawals: Free cash withdrawals and deposits at partner merchant locations, generating revenue through merchant partnerships and transaction volume.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Fide product offering
Product offeringCore offering
Fide operates the TOPii mobile application that delivers payments, international remittances, commission-free cash withdrawals and deposits, and money transfers to consumers without requiring a traditional bank account. Services are routed through a global network of 400,000+ affiliated merchants across 180+ countries and integrated with eMerchandising tools and analytical/predictive business intelligence for merchant partners.
Product overview
FIDE is a fintech company operating as a financial services platform offering a unified ecosystem centered around the TOPii mobile application. The platform combines core payment services (payments, remittances, and cash withdrawals) with a merchant network of over 400,000 withdrawal points across 180+ countries. All services are integrated with analytical and predictive business intelligence tools. The company acts as an authorized Electronic Money Entity Agent registered with the Banco de España.
Differentiator
Problem solved
Functional benefit
Brands
- TOPii: Smart payments mobile application offering payments, cash withdrawals, remittances, and transfers. Enables users to save and accumulate money at favorite merchants, withdraw and deposit cash without fees, and send money to contacts instantly and securely.
Products and services
- TOPii Mobile App Mobile application providing accessible financial services including payments, remittances, cash withdrawals and deposits, savings accumulation through partner merchants, and instant money transfers for unbanked and underbanked consumers. Integrated with business intelligence and eMerchandising capabilities.
- Payments Service Enables users to make fast, secure payments at thousands of affiliated merchants using the TOPii mobile app.
- Remittances Service International money transfer service enabling users to send funds instantly and securely to 180+ countries via the TOPii app, with transfers typically completing in under 30 seconds.
- Cash Withdrawals and Deposits Service Allows users to withdraw and deposit cash without commissions at over 400,000 affiliated merchant locations worldwide.
- eMerchandising and BI Tools for Merchants Provides affiliated merchants with eMerchandising tools and analytical/predictive business intelligence capabilities to support customer acquisition, transaction insights, and digital payment integration.
Companies that use Fide
Customer profileSegments2 records
Ideal customer profiles2 records
Fide technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature2 records
Fide partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights5 records
Fide competitors and assessment
Company assessmentDirect peers
- Remitly: Public US-based mobile remittance fintech offering cross-border transfers and cash pickup to 170+ countries, directly comparable to FIDE's TOPii remittance and cash-network value proposition.
- Wise (TransferWise): UK-headquartered multi-currency account and cross-border payments platform, overlapping with FIDE on multi-currency wallets, low-cost remittances and digital banking-style features.
- WorldRemit: Mobile-first remittance and digital payments company offering bank deposit, mobile wallet and cash pickup across 130+ countries, closely mirroring FIDE's remittance-plus-cash-agent model.
- Sendwave: Mobile-first remittance app focused on corridors to Africa and the developing world, comparable to FIDE in product simplicity, mobile-first GTM and unbanked consumer focus.
- Revolut: UK-based digital banking super-app with multi-currency accounts, remittances and payments across Europe and beyond, directly competing with FIDE on mobile wallet and cross-border money movement.
Broad incumbents
- Western Union: Global incumbent in cross-border money transfer with the largest agent cash-pickup network, the established benchmark FIDE's 400K-point claim is positioned against.
- MoneyGram: Established cross-border P2P payments and remittance operator with a large global agent network, providing both direct competition and a potential partner/distributor for FIDE's rails.
- PayPal (Xoom): PayPal's Xoom remittance product serves unbanked and underbanked consumers globally, representing a well-capitalized incumbent in the same target segment as FIDE.
- Cash App (Block): US mobile payments and peer-to-peer transfer app from Block, comparable to FIDE on mobile-first P2P payments, digital wallet, and unbanked-friendly cash-in/cash-out features.
Emerging players
- dLocal: LatAm-focused payments processor enabling global merchants to accept local payment methods, partially overlapping with FIDE's merchant-payments and LatAm corridor positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Fide social profiles
Digital presenceFide compliance and trust
Trust signalCompliance2 records
Fide financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fide leadership team
Management profileNumber of profiles
Profiles2 records
Fide funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fide 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 Fide
What does Fide do?
Fide operates the TOPii mobile application that delivers payments, international remittances, commission-free cash withdrawals and deposits, and money transfers to consumers without requiring a traditional bank account. Services are routed through a global network of 400,000+ affiliated merchants across 180+ countries and integrated with eMerchandising tools and analytical/predictive business intelligence for merchant partners.
Is Fide a public or private company?
Fide is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fide founded?
Fide was founded in 2013. It employs 11 to 50 people.
Where is Fide based?
Fide is headquartered in Madrid, Spain, in the Europe region.
How does Fide make money?
Three revenue lines are on record. Payment Services are the primary driver. The others are remittances and cash Withdrawals.
Who are Fide's main competitors?
Direct peers on record are Remitly, Wise (TransferWise), WorldRemit, Sendwave and Revolut. Broad incumbents are Western Union, MoneyGram, PayPal (Xoom) and Cash App (Block). dLocal is listed as an emerging player.
Does Fide have an API?
No public API is recorded for Fide.
What industry is Fide in?
Fide's product category is Mobile Payments and Digital Financial Services. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAGAKAJ, Cross-Border Payment Orchestration & Routing. Its SIC code is 6199.