Melements
mElements S.A. is a Warsaw-based, mBank Group subsidiary that provides a cloud-native payment gateway (Paynow), PSD2-compliant open banking APIs (PSD2 API HUB covering 5 major Polish banks), and embedded B2B financing for Polish e-commerce merchants.
- Company typePrivate
- Founded2017
- HeadquartersWarsaw, Poland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Melements does
mElements S.A. is a Warsaw-based, mBank Group-owned provider of payment processing and open banking API services targeting the Polish e-commerce market. Founded in 2017, the company operates three interlocking product lines: (1) Paynow, a cloud-native payment gateway built on Microsoft Azure that processes 200+ transactions per second, supports mobile-optimized checkout, and claims conversion recovery on up to 30% of failed transactions through payment retry, intelligent payment-method steering, and reminder emails; (2) the mBank PSD2 API and PSD2 API HUB, which expose open banking interfaces to 5 major Polish banks via a single integration using the PolishAPI standard; and (3) a B2B Financing API that provides working capital financing up to 150,000 PLN with e-commerce-specific pre-scoring for medium and large merchants.
The platform is delivered API-first, with a self-serve few-clicks integration path for small merchants and full REST API flexibility for enterprise customers, and is regulated by the Polish Financial Supervision Authority (KNF) under the mBank Group's supervised perimeter. Its core technology is a cloud-native Microsoft Azure stack with Dynamics 365 for marketing and customer service.
Commercially, mElements earns transaction-based fees on payment processing (across 10,000+ Polish merchants), API usage/interintegration fees for open banking, and yield-style revenue from B2B financing. Distribution combines direct API integration (self-serve and enterprise), third-party platform listings, and the mBank Group's banking channel. The company has no disclosed external funding and is wholly owned by mBank Group; it has a secondary office in Poznan, 11-50 employees, and is a member of the Electronic Economy Chamber (e-Izba).
Melements firmographics
Firmographics- Name
- Melements
- Legal name
- mElements S.A.
- Website
- https://melements.pl
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- mElements S.A. is a Warsaw-based, mBank Group subsidiary that provides a cloud-native payment gateway (Paynow), PSD2-compliant open banking APIs (PSD2 API HUB covering 5 major Polish banks), and embedded B2B financing for Polish e-commerce merchants.
- Ownership category
- akta.pro rank
Melements industry classification
Industry- Product category
- Payment Processing / Online Payment Gateway
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
- akta.pro secondary industry
- B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)
Keywords
Where Melements is headquartered
LocationHeadquarters
- HQ city
- Warsaw
- HQ country
- Poland
- HQ region
- Europe
Offices2 records
Markets served
Melements 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 Gateway Transaction Fees: Paynow payment gateway charges merchants transaction fees for processing online payments. The cloud-native gateway serves over 10,000 online sellers in Poland with real-time payment processing capabilities.
- API Banking Services: PSD2 API and API HUB services providing open banking access to multiple banks through single integration. Revenue derived from API usage and integration services for financial institutions and fintech companies.
- B2B Financing: Working capital financing for e-commerce businesses with pre-scoring based on e-commerce data. Financing up to 150,000 PLN with fully digital customer journey via API integration.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Melements product offering
Product offeringCore offering
mElements develops and operates cloud-native payment and API banking software for e-commerce merchants and financial institutions in Poland. Its core products include Paynow, a payment gateway recovering up to 30% of failed transactions and processing 200+ queries per second; the mBank PSD2 API and PSD2 API HUB providing open banking access to 5 major Polish banks via a single integration; and a B2B Financing API delivering e-commerce-tailored working capital credit lines up to 150,000 PLN. All offerings are built on a Microsoft Azure cloud-native infrastructure and sold primarily through API integration.
Product overview
mElements operates as a payment and API Banking company serving e-commerce leaders, offering three interconnected product lines: Paynow (cloud-native payment gateway), mBank PSD2 API and PSD2 API HUB (open banking APIs), and B2B Financing API (embedded working capital financing). The products are designed to work independently or as an integrated ecosystem, with Paynow serving as the core payment acceptance product, the PSD2 APIs enabling open banking connectivity, and the Financing API extending credit services to merchants—all built on cloud-native infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- Paynow: Cloud-native payment gateway for e-commerce, improving conversion rates and providing seamless payment experiences optimized for mobile devices. Capable of handling 200+ transactions per second.
- PSD2 API HUB
- B2B Financing API
Products and services
- Paynow Cloud-native payment gateway for e-commerce merchants in Poland that improves conversion through mechanisms including payment retry, intelligent payment method routing, and mobile-first design. Supports over 200 transactions per second with 24/7/365 availability and near-zero downtime, and recovers up to 30% of failed transactions.
- mBank PSD2 API Open banking API following the PolishAPI standard and built on Microsoft Azure cloud, providing PSD2-compliant connectivity for financial institutions and fintechs. Recognized as one of the most widely used open banking APIs in Poland.
- PSD2 API HUB Aggregator hub providing single-integration access to the open banking interfaces of 5 major Polish banks, with an advanced process to harmonize differences between bank APIs and reduce the integration burden for financial institutions and fintechs.
- B2B Financing API Embedded working capital financing solution for medium and large e-commerce businesses, offering up to 150,000 PLN with a pre-scoring model based on e-commerce-specific data and a fully digital customer journey accessible via API integration.
Quantifiable outcome
- Rescues up to 30% of failed transactions
- +3 more outcomes
Companies that use Melements
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Melements technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Melements partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and flagship.
- MicrosoftcoreMicrosoft is the primary technology partner providing Azure cloud infrastructure and Dynamics 365 for marketing and customer service. mElements needed a partner that could ensure stability while working in strict regulatory regimes for financial institutions. Azure Security Model provides monitoring and alerting capabilities. The partnership enabled cloud-native payment platform licensing and enterprise-grade reliability.
- PolishAPIcoremElements PSD2 API and API HUB are built following the PolishAPI standard, which is the commonly adopted standard for open banking in Poland. This ensures interoperability and ease of integration for financial institutions.
- mBankflagshipmElements is a company from the mBank Group, creating innovative solutions for e-commerce shopping experiences. The company operates as a subsidiary, leveraging mBank's regulatory standing, customer base, and distribution channels. mBank's PSD2 API is a key product enabling open banking services.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Melements competitors and assessment
Company assessmentBroad incumbents
- Stripe: Stripe is a global API-first payment platform competing for the same e-commerce merchants that Paynow serves. While not Poland-specialized, Stripe's developer experience and global acquiring represent a structural threat to local Polish gateways.
- Adyen: Adyen is a global enterprise payment platform offering unified online and in-person payment processing. It competes with Paynow for larger Polish and pan-European merchants seeking a single global acquiring relationship.
- Mollie: Mollie is a European payment gateway serving SMB and mid-market merchants across multiple EU markets with a developer-friendly API. It is comparable to Paynow as a regional, API-first payment gateway targeting online sellers.
Emerging players
- TrueLayer: TrueLayer is a European open banking API provider offering PSD2 connectivity to banks across the UK and EU. It is comparable to mElements' PSD2 API HUB as an open banking aggregation platform for fintechs and merchants.
- Tink: Tink (Visa-owned) is a European open banking platform providing PSD2 connectivity and bank aggregation services. It competes with mElements' PSD2 API HUB in the open banking aggregation layer for European merchants and fintechs.
Direct peers
- dotpay (P24): dotpay (now part of Przelewy24/PKO BP group) is a Polish payment gateway listed in the TOP 5 alongside Paynow. It serves Polish e-commerce merchants with similar payment processing and integration services.
- Przelewy24 (P24): Przelewy24 is a major Polish online payment processor offering payment gateway, BLIK integrations, and merchant acquiring. It competes directly with Paynow in the Polish e-commerce payment processing space.
- PayU: PayU is the leading online payment gateway in Poland and one of the named TOP 5 Polish payment integrators alongside Paynow. It directly competes in payment gateway services for e-commerce merchants, with overlapping conversion and integration features.
- tpay: tpay is a Polish online payment gateway ranked alongside Paynow in the TOP 5 Polish payment integrators. It serves a similar e-commerce merchant base with comparable online payment processing and integration capabilities.
- BlueMedia: BlueMedia is one of the named TOP 5 Polish payment integrators, offering online payment processing for e-commerce merchants. It directly competes with Paynow in the Polish online payment gateway market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Melements social profiles
Digital presenceMelements financial estimates
Financial estimateRevenue estimate
Valuation estimate
Melements leadership team
Management profileNumber of profiles
Profiles2 records
Melements funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Melements 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 Melements
What does Melements do?
mElements develops and operates cloud-native payment and API banking software for e-commerce merchants and financial institutions in Poland. Its core products include Paynow, a payment gateway recovering up to 30% of failed transactions and processing 200+ queries per second; the mBank PSD2 API and PSD2 API HUB providing open banking access to 5 major Polish banks via a single integration; and a B2B Financing API delivering e-commerce-tailored working capital credit lines up to 150,000 PLN. All offerings are built on a Microsoft Azure cloud-native infrastructure and sold primarily through API integration.
Is Melements a public or private company?
Melements is a private company. It is classified as corporate owned and is currently operating.
When was Melements founded?
Melements was founded in 2017. It employs 11 to 50 people.
Where is Melements based?
Melements is headquartered in Warsaw, Poland, in the Europe region.
How does Melements make money?
Three revenue lines are on record. Payment Gateway Transaction Fees are the primary driver. The others are API Banking Services and B2B Financing.
Who are Melements's main competitors?
Broad incumbents on record are Stripe, Adyen and Mollie. Emerging players are TrueLayer and Tink. Direct peers are dotpay (P24), Przelewy24 (P24), PayU, tpay and BlueMedia.
Does Melements have an API?
Yes. mBank PSD2 API provides open banking connectivity combining best practices for interface design, cloud computing technology, and the widely adopted PolishAPI standard. The PSD2 API HUB provides open APIs from major banks on the market, available through a single integration with an advanced process for harmonizing differences. REST API-based integration with support for full level 0 payment flow for simplified checkout. Developer documentation is at developer.api.mbank.pl.
What industry is Melements in?
Melements's product category is Payment Processing / Online Payment Gateway. Its primary akta.pro industry code is FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions, with a secondary code of FSAGAIAC, B2B / Invoice-Based BNPL (Trade Credit at Checkout). Its NAICS code is 522320.