Apiso
Apiso is a Bahrain-based B2B payments integrator that delivers multi-currency virtual card issuing, acceptance and reconciliation on Mastercard and Visa rails via API and embedded GDS integrations, serving travel, insurance and logistics enterprises across MENA, Europe and the US.
- Company typePrivate
- Founded2018
- HeadquartersSitrah, Bahrain
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Apiso does
Apiso is a Bahrain-domiciled B2B payments integration specialist that operates a multi-currency virtual card platform on Mastercard and Visa rails, licensed and regulated through its core partner Infinios Financial Services (Central Bank of Bahrain; principal member of Mastercard, Visa and SWIFT). Founded in 2018, the company pioneered virtual card adoption in the Middle East travel industry and has since built a distribution footprint that includes a headquarters in Manama, regional offices in Frankfurt and London, a US data centre in California, and a partner office in Dubai.
The product portfolio is delivered through the Apiso API and Apiso Web Portal and comprises three core modules - B2B Payment Issuing (real-time virtual card generation for supplier and partner payments), B2B Payment Acceptance (multi-currency, multi-channel payment gateway with zero-day settlement), and Value-added Payment Operations (rich data capture, reconciliation automation, maker/checker controls, BI analysis) - plus add-on modules for white-label Travel Money, Expenses/Per Diem/Corporate Incentives cards, and Passenger Disruption compensation. Compliance posture includes ISO 27001, ISO 9001 and PCI-DSS.
Apiso monetises via transaction fees on virtual card issuing and acceptance, with rebates to customers and zero-day settlement options that combine back-to-back acceptance and issuing flows. Its go-to-market is API-first and partnership-led, embedding into Amadeus Payments B2B Wallet and Sabre Virtual Payments, the Voxel Group Bavel platform, Conferma Pay, Technoheaven, Ypsilon.Net and HitchHiker, and reaching end customers across the Travel, Insurance and Logistics verticals as well as corporate travel and expense use cases. Customer references (Dadabhai, Zahid Travel Group, Rehlat, Rayna Tours) and self-reported KPIs (273% YoY transaction volume growth, 20% YoY customer growth, 99.99% uptime SLA) underscore rapid scaling from a small (11-50 employee) base.
Apiso firmographics
Firmographics- Name
- Apiso
- Legal name
- Apiso W.L.L
- Website
- https://apiso.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Apiso is a Bahrain-based B2B payments integrator that delivers multi-currency virtual card issuing, acceptance and reconciliation on Mastercard and Visa rails via API and embedded GDS integrations, serving travel, insurance and logistics enterprises across MENA, Europe and the US.
- Ownership category
- akta.pro rank
Apiso industry classification
Industry- Product category
- B2B Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Sales Financing (52222)
- SIC
- Miscellaneous Business Credit Institution (6159), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Payment Gateways & API Connectivity (FSAGABAB)
- akta.pro secondary industries
- SME & Business Cross-Border Payments (B2B) (FSAMAIAB), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Apiso is headquartered
LocationHeadquarters
- HQ city
- Sitrah
- HQ country
- Bahrain
- HQ region
- Middle East
Offices5 records
Markets served
Apiso business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Payment Processing and Transaction Fees: Revenue generated from payment processing fees on B2B virtual card transactions, including issuing and acceptance services. Supports zero-day settlement options for customers using back-to-back acceptance and issuing solutions. Rebates provided on payment values to boost customer revenues.
- API Integration Services: Revenue from providing API integration solutions for branded payments using virtual and physical cards, NFC mobile payments and wearables with multiple funding and settlement currencies
Go-to-market motion1 record
Distribution channels6 records
Marketing channels3 records
Apiso product offering
Product offeringCore offering
Apiso provides B2B virtual card payment integration services enabling businesses to issue virtual cards in real time, accept multi-currency payments across Mastercard and Visa schemes, and automate payment operations through rich data capture and reconciliation. The platform is delivered via the Apiso API and Web Portal and is purpose-built for the travel, insurance, and logistics industries, with deep integrations into global distribution systems such as Amadeus and Sabre.
Product overview
Apiso is a B2B payment integration platform offering a unified portfolio of solutions centered on virtual card payments. The core product suite consists of three main offerings: B2B Payment Issuing (real-time virtual card issuing), B2B Payment Acceptance (multi-currency payment gateway), and Value-added Payment Operations (rich data capture and process automation). These are accessed via the Apiso API and Apiso Web Portal. Additional modules include Travel Money (white-label multi-currency travel spending), Expenses/Per Diem/Corporate Incentives cards, and Passenger Disruption payments for travel industry compensation. The company serves travel, insurance, and logistics industries with card issuing in 20+ currencies across Mastercard and Visa payment schemes.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 273% year on year transaction volume growth
- +2 more outcomes
Companies that use Apiso
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Apiso technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature5 records
Apiso partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, flagship and supporting.
- Infinios Financial ServicescoreInfinios is a payment services provider and card processor licensed and regulated by the Central Bank of Bahrain (CBB) and is a principal member of Mastercard, Visa and SWIFT. As the pioneer of banking-as-a-service in the Middle East, Infinios digital banking platform and advanced payment technologies underpin Apiso's payment integration solution providing the flexible, secure and compliant digital financial services and control frameworks.
- AmadeusflagshipAmadeus connects the entire travel ecosystem with critical solutions for airlines, hotels and travel agencies. Apiso is deeply integrated with Amadeus Payments B2B Wallet solution enabling any Amadeus customer seamless access and use Apiso's services through the Amadeus global distribution system.
- SabreflagshipSabre powers the global travel industry with a marketplace for personalised travel, helping customers operate more efficiently and offer personalised traveller experiences. Apiso is deeply integrated with Sabre Virtual Payments software enabling any Sabre customer seamless access to Apiso's services through Sabre's global distribution system tools.
- TechnoheavencoreTechnoheaven is a renowned Travel portal Development Company headquartered in Dubai offering travel portal solutions with global travel supplier connectivity. Technoheaven is fully integrated with Apiso enabling any Technoheaven customer quick and simple access to Apiso services.
- Voxel GroupcoreVoxel Group develops digitalization solutions for the value chain including e-payments, supplier management, and e-invoicing through its Bavel platform. Bavel Pay is the B2B payment manager present in 100 countries handling more than 90 million transactions per year. Voxel is deeply integrated with Apiso for payment capabilities.
- ConfermasupportingConferma Pay is the world's foremost provider of virtual payments technology generating virtual cards in nearly 100 currencies, fully integrated with all major card schemes serving over 50 banking partners. Conferma works with Apiso to access the unique basket of Middle Eastern currencies that Apiso can support via its partnership with Infinios.
- Claims TechnologysupportingClaims Technology accelerates digital transformation using a gateway with best-in-class insurtech, simplifying API connections and AI-powered decisions on policy indemnity, liability, quantum and fraud. Claims Technology is integrated with Apiso's insurance claim settlement solution to supplement its InsurTech offerings bridging FinTech and InsurTech.
- Ypsilon.Net AGsupportingYpsilon.Net AG is a leading internet travel technology provider for airlines, consolidators, online travel sites, and agencies engineering multi-content booking engines and XML APIs. Through its affiliate Ypsilon Payment solutions, Ypsilon provides PCI DSS, PSD2/SCA, fraud prevention and payment solutions including connections to virtual credit card suppliers.
- HitchHiker GmbHsupportingHitchHiker GmbH develops software solutions for airlines, ticket wholesalers, online portals, travel agencies and tour operators since 1992. With more than 30 years of experience, HitchHiker implemented Apiso as an adjustable payment provider for virtual credit cards in their products, enabling flight aggregators to charge end customers for service fees.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
Apiso competitors and assessment
Company assessmentDirect peers
- AirPlus International: AirPlus is a long-standing provider of corporate travel payment solutions (AirPlus Corporate Card, virtual cards) used by travel agencies and corporations worldwide. It directly overlaps with Apiso's travel-vertical virtual card issuing and acceptance product.
- Conferma Pay: Conferma is the leading global B2B virtual card payment network, issuing virtual cards in nearly 100 currencies and integrated with major GDS and corporate travel platforms. Apiso lists Conferma as a technology partner and competes head-to-head on multi-currency virtual card issuing for B2B travel and corporate payments.
- UATP: UATP is an airline-owned payment network issuing charge and virtual cards accepted across the travel industry. It competes with Apiso in B2B travel payments, particularly for airline-supplier settlement flows.
Emerging players
- Nium: Nium is a global cross-border payments network offering pay-out and pay-in infrastructure for B2B and B2B2C flows across 100+ countries and 100+ currencies. It overlaps with Apiso on multi-currency cross-border B2B payment acceptance and payout rails.
- Cellpoint Digital: Cellpoint Digital is a payment orchestration and alternative payment method provider focused on the travel, airline, and hospitality verticals. It overlaps with Apiso in offering virtual card and multi-channel acceptance solutions for travel agencies and airlines.
- i2c Inc. i2c provides a SaaS-based card issuing and processing platform supporting virtual, physical, and prepaid products across multiple schemes. It competes with Apiso on the underlying technology stack for multi-currency, multi-channel B2B card issuing.
Broad incumbents
- Marqeta: Marqeta is a card-issuing platform-as-a-service provider offering programmable virtual and physical cards via APIs. It competes with Apiso's core issuing API in the broader B2B fintech space, although Marqeta does not directly offer the GDS travel vertical integrations Apiso relies on.
- WEX (now Corpay): Corpay (via WEX and the legacy FLEETCOR/Corpay cross-border business) is a large B2B payments and virtual card issuer serving corporate, fleet, travel, and lodging verticals. It competes on the virtual card issuance and multi-currency acceptance capabilities that Apiso also offers, but at much greater scale.
- Stripe Issuing: Stripe Issuing enables businesses to create and manage virtual and physical cards programmatically through a single API. It is a broad incumbent in programmatic card issuing that Apiso competes with for API-first B2B virtual card use cases outside of GDS-embedded travel flows.
Others
- Voxel Group (Bavel): Voxel Group develops the Bavel platform for travel supplier e-payments, e-invoicing, and procurement used by 1,000+ tour operators and 50,000+ hotels. Apiso is integrated into Bavel Pay for B2B payment management, making Voxel both a partner and an adjacent platform competing in the travel B2B payments layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Apiso social profiles
Digital presenceApiso compliance and trust
Trust signalCompliance4 records
Apiso financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apiso leadership team
Management profileNumber of profiles
Profiles2 records
Apiso funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apiso 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 Apiso
What does Apiso do?
Apiso provides B2B virtual card payment integration services enabling businesses to issue virtual cards in real time, accept multi-currency payments across Mastercard and Visa schemes, and automate payment operations through rich data capture and reconciliation. The platform is delivered via the Apiso API and Web Portal and is purpose-built for the travel, insurance, and logistics industries, with deep integrations into global distribution systems such as Amadeus and Sabre.
Is Apiso a public or private company?
Apiso is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Apiso founded?
Apiso was founded in 2018. It employs 11 to 50 people.
Where is Apiso based?
Apiso is headquartered in Sitrah, Bahrain, in the Middle East region.
How does Apiso make money?
Two revenue lines are on record. Payment Processing and Transaction Fees are the primary driver. The others are API Integration Services.
Who are Apiso's main competitors?
Direct peers on record are AirPlus International, Conferma Pay and UATP. Emerging players are Nium, Cellpoint Digital and i2c Inc.. Broad incumbents are Marqeta, WEX (now Corpay) and Stripe Issuing. Voxel Group (Bavel) is listed as an others.
Does Apiso have an API?
Yes. Apiso API integration enables payment issuing, acceptance, and value-added payment operations. Supports branded payments using virtual and physical cards, NFC mobile payments and wearables. Single API integration to connect multiple acquiring processors in the Middle East, Europe and US. Features rich data capture and process automation. Also available: Apiso Web Portal for manual card issuing, big data reconciliation, and administrative tools.
What industry is Apiso in?
Apiso's product category is B2B Payment Processing. Its primary akta.pro industry code is FSAGABAB, Payment Gateways & API Connectivity, with a secondary code of FSAMAIAB, SME & Business Cross-Border Payments (B2B). Its NAICS code is 522320 and its SIC code is 6159.