Pannovate
Pannovate is a London-based Banking-as-a-Service and embedded finance platform founded in 2013 that enables banks, fintechs, and enterprises to launch card and banking products via modular RESTful APIs, serving clients such as Access Bank UK, Trusted Novus Bank, and Visa Bank.
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Pannovate does
Pannovate Ltd. is a London-based, privately held Banking-as-a-Service (BaaS) and embedded finance platform founded in 2013. The company provides an API-first, modular platform built on RESTful JSON APIs that enables financial institutions, fintechs, startups, and enterprises to launch banking and payment products without building core banking infrastructure or obtaining direct licensing. The platform is organized around three proprietary core components — Launchpad (rapid deployment with Bring Your Own Supply Chain capability), BankVault (secure data and transaction management), and SYLLO (cloud connectivity and integration) — supplemented by a Managed Services offering and approximately ten add-on modules covering KYC/AML onboarding, transaction monitoring, PSD2 open banking, COP compliance, expense management, geofencing, card production, payment acquiring, rewards, and live customer chat.
The company monetizes through a combination of platform/SaaS subscriptions, fully managed services where Pannovate operates the program end-to-end, and transaction-based fees implied by its stated £1 billion annual transaction volume and 30 million annual transactions. Go-to-market combines direct enterprise sales with a self-serve developer portal, supported by a partner ecosystem of 47+ integrations that includes core banking software (Temenos) and payment network connectivity (Visa). The solution portfolio spans 16 vertical-specific offerings — Digital Banking, Card Solutions, Global Accounts, Embedded Finance, Payroll, Property, Credit Builder, Family Office, Gig Economy, Crypto, Influencer, ESG, Financial Inclusion, Crisis Cards, and Youth Empowerment — targeting a stated reach of 3 billion+ people across 100+ countries and 30+ currencies. Named enterprise customers include Access Bank UK, Trusted Novus Bank, and Visa Bank. Despite this broad product surface, Pannovate operates with a headcount of 1-10, has not disclosed funding rounds or revenue figures, and lists David Hunter as Chairman.
Pannovate firmographics
Firmographics- Name
- Pannovate
- Legal name
- Pannovate Ltd.
- Website
- https://pannovate.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Pannovate is a London-based Banking-as-a-Service and embedded finance platform founded in 2013 that enables banks, fintechs, and enterprises to launch card and banking products via modular RESTful APIs, serving clients such as Access Bank UK, Trusted Novus Bank, and Visa Bank.
- Ownership category
- akta.pro rank
Pannovate industry classification
Industry- Product category
- Banking-as-a-Service / Embedded Finance Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Prepackaged Software (7372), Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)
- akta.pro secondary industries
- Card Issuing Platforms (Issuer Processing) (FSAGABAD), Card Issuing & Program Management Platforms (BPAMAFAH), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI), SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI)
Keywords
Where Pannovate is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Pannovate business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform/SaaS Subscription: Subscription-based access to Pannovate's modular BaaS platform, including various products and modules
- Managed Services: Fully managed banking and card program services where Pannovate handles operations end-to-end
- Transaction Processing: Revenue generated from processing transactions on the platform (implied by £1b annual transaction volume)
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Pannovate product offering
Product offeringCore offering
Pannovate provides a Banking-as-a-Service (BaaS) and Embedded Finance platform delivered through RESTful JSON APIs, enabling companies to launch banking, card, and payment products rapidly. Its core platform comprises Launchpad (rapid product deployment with Bring Your Own Supply Chain support), BankVault (secure financial data and transaction management), SYLLO (cloud connectivity), and Managed Services (fully managed card and banking program operations). The platform also offers add-on modules covering compliance (KYC/AML, PSD2, Transaction Monitoring, COP), card production, acquiring, rewards, geofencing, expense management, and live chat.
Product overview
Pannovate is one of the most established Banking-as-a-Service (BaaS) and Embedded Finance platforms, offering a modular platform-plus-modules architecture. The core platform includes Launchpad (for rapid deployment with BYOS capability), BankVault (secure data management), SYLLO (cloud connectivity), and Managed Services (full-service management). The platform is API-first using RESTful JSON and supports 47+ partner integrations with £1b annual transaction volume and 30m annual transactions. The solution portfolio spans 16 vertical solutions including Digital Banking, Card Solutions, Global Accounts, Embedded Finance, Payroll, Property Solution, Credit Builder, Family Office, and sector-specific offerings like Financial Inclusion, Crisis Cards, and Youth Empowerment. The add-on module portfolio includes 10 functional modules for Expense Management, Geofencing, Acquiring, Rewards, LiveChat, Card Production, Customer Support, and compliance modules covering KYC/AML, Transaction Monitoring, PSD2, and COP.
Differentiator
Problem solved
Functional benefit
Brands
- Launchpad: A platform component enabling companies to launch financial products quickly.
- BankVault
- SYLLO
Products and services
- Launchpad Platform product enabling companies to deploy financial products with speed and efficiency, supporting Bring Your Own Supply Chain (BYOS) for best-in-breed fintech ecosystem products. Targeted at enterprises, fintechs, and financial institutions seeking rapid BaaS deployment.
- BankVault Secure platform component for managing and protecting financial data and transactions within Pannovate's BaaS stack, designed for financial institutions and fintechs requiring hardened financial operations infrastructure.
- SYLLO Cloud connection platform component enabling connectivity and integration capabilities across financial systems, designed for organizations requiring seamless data synchronization and system interoperability.
- Managed Services Fully managed service where Pannovate manages card and banking programs end-to-end based on unique customer needs, providing operational support for clients that prefer a hands-off deployment model.
- Digital Banking Banking-as-a-Service solution enabling companies to deliver digital banking services such as cash-flow forecasting and multi-currency accounts to new audiences, targeted at financial institutions and fintechs seeking to launch digital banking experiences.
- Card Solutions Branded and innovative card experiences designed to engage customers while providing control and financial risk mitigation, targeted at banks, fintechs, and enterprises launching card programs.
- SM FI Solutions Tailored solutions for small and medium-sized financial institutions seeking to enhance value propositions through vertical and horizontal growth, targeted at SM Financial Institutions.
- Global Accounts Multi-currency account solution offering accounts in over 30 currencies and remittance payments to over 100 countries, reaching over 3 billion people, targeted at enterprises and fintechs with international payment needs.
- Embedded Finance Integration solution for embedding financial products within a core product with speed and efficiency on the Pannovate platform, targeted at non-financial enterprises seeking to embed banking and payment capabilities.
- Payroll
Quantifiable outcome
- Speed to market reduced to under 4 weeks from contract to live customer
- +2 more outcomes
Companies that use Pannovate
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles3 records
Pannovate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature12 records
Pannovate partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- TemenoscoreIntegration with Temenos banking software platform, enabling seamless connectivity between Pannovate's BaaS capabilities and Temenos core banking systems for financial institutions.
- VisacoreCard program and payment network partnership enabling issuance of Visa-branded cards and access to Visa's global payment network across 100+ countries.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Pannovate competitors and assessment
Company assessmentDirect peers
- Marqeta: Marqeta is a publicly listed card-issuing and payment-processing platform offering API-first infrastructure for fintechs and banks. Directly comparable to Pannovate's card issuance, BaaS, and embedded finance modules, but at materially larger scale.
- Galileo Financial Technologies: Galileo (owned by SoFi) is one of the largest BaaS and card-issuing processors in the US, serving fintechs and banks with API-based account, card, and payment infrastructure. Comparable to Pannovate's Launchpad + card modules.
- ClearBank: ClearBank is a UK-based clearing and embedded banking platform providing real-time payments, accounts, and BaaS infrastructure to fintechs and banks. Direct UK peer to Pannovate with overlapping regulated banking and embedded finance capabilities.
- Solaris SE: Solaris is a Berlin-based Banking-as-a-Service platform licensed in the EEA, offering accounts, cards, lending, and KYC to fintechs and corporates across Europe. Comparable European BaaS peer to Pannovate.
- Treezor: Treezor (a Société Générale subsidiary) is a French payment institution offering API-based BaaS services including accounts, cards, KYC, and PSD2 connectivity. Comparable to Pannovate's European BaaS and PSD2 modules.
- Unit: Unit is a US-based embedded finance platform offering banking, card, and lending infrastructure via APIs to fintechs and brands. Comparable to Pannovate's embedded finance and Launchpad modules.
Broad incumbents
- Stripe Issuing: Stripe Issuing offers API-based card issuance as part of Stripe's broader payments platform. Comparable to Pannovate's card production and program management modules, though bundled within Stripe's much larger payments stack.
Emerging players
- 10x Banking: 10x Banking provides a cloud-native core banking and digital banking platform to incumbent banks and challengers. Comparable to Pannovate's Digital Banking and Temenos-integration solution targeting SME and mid-tier financial institutions.
- Banked: Banked is a UK/European payments data and account-to-account platform enabling merchants and fintechs to leverage open banking rails. Comparable to Pannovate's PSD2 and A2A payment initiation modules.
- Weavr: Weavr (formerly Moneyhub Enterprise) provides embedded finance and open banking infrastructure for businesses to embed payments, banking, and data APIs. Comparable emerging European peer for Pannovate's embedded finance solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Pannovate social profiles
Digital presencePannovate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pannovate leadership team
Management profileNumber of profiles
Profiles1 record
Pannovate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pannovate 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 Pannovate
What does Pannovate do?
Pannovate provides a Banking-as-a-Service (BaaS) and Embedded Finance platform delivered through RESTful JSON APIs, enabling companies to launch banking, card, and payment products rapidly. Its core platform comprises Launchpad (rapid product deployment with Bring Your Own Supply Chain support), BankVault (secure financial data and transaction management), SYLLO (cloud connectivity), and Managed Services (fully managed card and banking program operations). The platform also offers add-on modules covering compliance (KYC/AML, PSD2, Transaction Monitoring, COP), card production, acquiring, rewards, geofencing, expense management, and live chat.
Is Pannovate a public or private company?
Pannovate is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pannovate founded?
Pannovate was founded in 2013. It employs 1 to 10 people.
Where is Pannovate based?
Pannovate is headquartered in London, United Kingdom, in the Europe region.
How does Pannovate make money?
Three revenue lines are on record. Platform/SaaS Subscription is the primary driver. The others are managed Services and transaction Processing.
Who are Pannovate's main competitors?
Direct peers on record are Marqeta, Galileo Financial Technologies, ClearBank, Solaris SE, Treezor and Unit. Stripe Issuing is listed as a broad incumbent. Emerging players are 10x Banking, Banked and Weavr.
Does Pannovate have an API?
Yes. Pannovate offers a RESTful JSON API enabling companies to launch feature-rich payment products and solutions. The platform is API-first, designed for developer-friendly integration with a dashboard for selecting API calls. The API supports integration with core banking systems and enables financial product deployment through API calls. Developer documentation is at pannovate.com/developers.
What industry is Pannovate in?
Pannovate's product category is Banking-as-a-Service / Embedded Finance Platform. Its primary akta.pro industry code is FSAGALAA, BaaS Platforms & Sponsor Bank Enablement, with a secondary code of FSAGABAD, Card Issuing Platforms (Issuer Processing). Its NAICS code is 51821 and its SIC code is 7372.