LPB Bank
LPB Bank (JSC Magnetiq Bank) is a fully licensed Latvian EU bank and Visa/Mastercard principal member that provides API-first banking infrastructure — e-commerce acquiring, BaaS, safeguarding, card issuing, and lending-as-a-service — to fintech, SaaS, e-commerce, and crypto firms across 10+ countries.
- Company typePrivate
- Founded2008
- HeadquartersRiga, Latvia
- Headcount251–500
- GTM typeB2B
- OfferingServices
What LPB Bank does
LPB Bank (legally JSC Magnetiq Bank) is a fully licensed EU bank headquartered at Brivibas 54, Riga, Latvia, founded in 2008 and operating with roughly 130 professionals. It is a principal member of Visa and Mastercard and PSD2-compliant, offering e-commerce acquiring, Banking-as-a-Service (BaaS), safeguarding accounts, virtual IBANs, SWIFT payments, card issuing, lending-as-a-service, foreign exchange, and business banking products to fintech, SaaS, e-commerce, crypto, and P2P counterparties.
The technology stack is API-first: a developer portal (developer.lpb.lv) exposes PSD2, E-COM Gateway, and forthcoming E-COM API and Card Issuing API, with SDKs/code samples in PHP, Java, Python, and Node.js, sandbox environments, and webhook notifications. Multi-currency support spans 100+ currencies and payment methods, with local acquiring coverage in 10+ countries and integrations across Visa, Mastercard, Apple Pay, OpenCart, PrestaShop, Magento, and WooCommerce. Capital and reserves of €34.8M back €178.8M in total assets, and a stated client base of 1,000+ companies includes Tickets Travel Network, MEGOGO, PayApp, CrowdedHero, DiscoverCars.com, and Pavenow.
Revenue mechanics combine transaction-based fees (acquiring and FX), recurring/usage-based BaaS fees, interest income from financing and lending-as-a-service, and managed-services revenue from business banking. Distribution is hybrid: self-serve developer onboarding for smaller integrators alongside direct enterprise sales with dedicated account managers and technical support. Pricing is quote-based and not publicly disclosed, and contracts are typically multi-year.
LPB Bank firmographics
Firmographics- Name
- LPB Bank
- Legal name
- JSC Magnetiq Bank
- Website
- https://lpb.lv
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- LPB Bank (JSC Magnetiq Bank) is a fully licensed Latvian EU bank and Visa/Mastercard principal member that provides API-first banking infrastructure — e-commerce acquiring, BaaS, safeguarding, card issuing, and lending-as-a-service — to fintech, SaaS, e-commerce, and crypto firms across 10+ countries.
- Ownership category
- akta.pro rank
LPB Bank industry classification
Industry- Product category
- B2B Banking Infrastructure
- NAICS
- Commercial Banking (522110), Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
- akta.pro secondary industries
- SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)
Keywords
Where LPB Bank is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices1 record
Markets served
LPB Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- E-commerce Acquiring Services: Transaction-based fees for processing Visa, Mastercard, and alternative payment methods for online merchants. Converts to revenue through transaction fees and card settlement services.
- Banking as a Service: Subscription or usage-based fees for safeguarding accounts, virtual IBANs, SWIFT payments, and API access to banking infrastructure for fintech partners
- Business Banking Services: Revenue from current accounts, corporate cards, currency exchange, loans, guarantees, and brokerage services for business clients
- Financing Solutions: Lending services generating interest income and fees through loans, guarantees, and lending-as-a-service offerings
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing based on service requirements |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
LPB Bank product offering
Product offeringCore offering
LPB Bank (operating as Magnetiq Bank) is a fully licensed EU bank and Visa/Mastercard principal member that provides banking infrastructure for fintech, e-commerce, SaaS, crypto, and P2P businesses. Core offerings include e-commerce payment acquiring, Banking as a Service (BaaS) with virtual IBANs and safeguarding accounts, PSD2-compliant APIs, and traditional business banking services including loans, payment cards, and foreign exchange.
Product overview
Magnetiq Bank is a fully licensed EU fintech bank operating as a principal member of Visa and Mastercard, offering a comprehensive portfolio of embedded banking and payment solutions. The core offerings include E-commerce Acquiring Services for global payment acceptance, Banking as a Service (BaaS) providing infrastructure like virtual IBANs and safeguarding accounts, and Services for Business covering loans, cards, and currency exchange. These are complemented by specialized Lending-as-a-Service and Financing Solutions for partners seeking white-label lending capabilities. The bank serves diverse industries including fintech, SaaS, e-commerce, crypto, and P2P sectors. API products including PSD2 API and E-COM Gateway enable technical integration, with upcoming E-COM API and Card Issuing API expanding capabilities. Internet Banking and Mobile App provide direct customer access to banking services.
Differentiator
Problem solved
Functional benefit
Products and services
- E-commerce Acquiring Services
- Banking as a Service (BaaS)
- Business Banking Services
- Financing Solutions
- Payment Cards
- Foreign Exchange Deals
- PSD2 API and Open Banking Integrations
- Acquiring Partnership and Affiliate Programs
Quantifiable outcome
- 10% higher conversion rates compared to other payment providers
Companies that use LPB Bank
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
LPB Bank technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature6 records
LPB Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NexpaycoreDual pillar deal partnership between Magnetiq Bank and Nexpay, indicating strategic collaboration in payment services or banking infrastructure
Scale indicators6 records
Recent moves5 records
Expansion highlights6 records
LPB Bank competitors and assessment
Company assessmentDirect peers
- Solaris SE: Germany-based licensed BaaS provider offering IBANs, card issuing, lending-as-a-service, and PSD2 APIs to fintechs and corporates across Europe. Directly comparable to LPB Bank in business model (licensed bank providing embedded banking infrastructure), though larger in scale.
- Modulr: UK-based payments-as-a-service provider offering business accounts, payment rails, and APIs to fintechs and platforms. Closely comparable to LPB Bank in providing regulated payment infrastructure to SaaS and fintech clients with API-first integration.
- Swan: France-based BaaS platform offering accounts, cards, SEPA payments, and lending APIs to fintechs and corporates. Comparable as an EU embedded banking provider targeting fintech and SaaS verticals with developer-first GTM.
- Treezor: France-based licensed payment institution (owned by Société Générale) offering BaaS including accounts, card issuing, and SEPA rails to fintech clients. Highly comparable to LPB Bank in providing regulated infrastructure for fintech and digital economy businesses.
- ClearBank: UK clearing bank providing real-time payment infrastructure, accounts, and BaaS services to fintechs and financial institutions. Comparable as a licensed UK/EU bank serving embedded finance clients with API-first infrastructure.
- Mangopay: Luxourg-based payment infrastructure provider offering accounts, e-wallets, and acquiring-as-a-service to marketplaces and fintechs. Comparable in providing regulated payment infrastructure with API-first architecture for platform and marketplace clients.
Regional players
- ConnectPay: Lithuania-based licensed electronic money institution offering accounts, acquiring, and BaaS to fintechs and merchants. Comparable as a Baltic-neighbor BaaS and acquiring provider with similar customer segments, though operating under EMI rather than full banking license.
- Paysera: Lithuania-based fintech super-app offering payments, currency exchange, and business banking across the Baltics and EU. Comparable as a Baltic-region competitor targeting similar fintech/SME segments, though with a consumer-leaning rather than B2B-infrastructure model.
Broad incumbents
- Adyen: Global payments platform offering acquiring, processing, and banking-like services (issuing, accounts) to enterprise merchants. Overlaps with LPB Bank in e-commerce acquiring but at much larger scale and broader geographic footprint; represents the competitive ceiling LPB is building toward.
Emerging players
- Wallester: Estonia-based fintech offering card issuing and BaaS infrastructure across the EU. Comparable in regional positioning (Baltic), focus on fintech clients, and emphasis on white-label card programs, though narrower product set than LPB Bank.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
LPB Bank social profiles
Digital presenceLPB Bank compliance and trust
Trust signalCompliance3 records
LPB Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
LPB Bank leadership team
Management profileNumber of profiles
Profiles3 records
LPB Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LPB Bank 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 LPB Bank
What does LPB Bank do?
LPB Bank (operating as Magnetiq Bank) is a fully licensed EU bank and Visa/Mastercard principal member that provides banking infrastructure for fintech, e-commerce, SaaS, crypto, and P2P businesses. Core offerings include e-commerce payment acquiring, Banking as a Service (BaaS) with virtual IBANs and safeguarding accounts, PSD2-compliant APIs, and traditional business banking services including loans, payment cards, and foreign exchange.
Is LPB Bank a public or private company?
LPB Bank is a private company. It is classified as unknown and is currently operating.
When was LPB Bank founded?
LPB Bank was founded in 2008. It employs 251 to 500 people.
Where is LPB Bank based?
LPB Bank is headquartered in Riga, Latvia, in the Europe region.
How does LPB Bank make money?
Four revenue lines are on record. E-commerce Acquiring Services are the primary driver. The others are banking as a Service, business Banking Services and financing Solutions.
Who are LPB Bank's main competitors?
Direct peers on record are Solaris SE, Modulr, Swan, Treezor, ClearBank and Mangopay. Regional players are ConnectPay and Paysera. Adyen is listed as a broad incumbent. Wallester is listed as an emerging player.
Does LPB Bank have an API?
Yes. Magnetiq Bank offers a Developer API at developer.lpb.lv for automating access to the Bank's core functionality. The API supports payment processing (Payment, GetPayment), card transactions with modes including SOAP payment and non-3D secure, webhook notifications for system changes, and SOAP-based integration. The portal provides PSD2 API for third-party provider access. SDKs/samples available in PHP, cURL, Java, Python, and Node.js. Registration required for access. Developer documentation is at developer.lpb.lv.
What industry is LPB Bank in?
LPB Bank's product category is B2B Banking Infrastructure. Its primary akta.pro industry code is FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure, with a secondary code of FSABABAD, SME Cash Management & Payments (Merchant, ACH/Wires, Payroll). Its NAICS code is 522110 and its SIC code is 6022.