Creditco

What Creditco does

Creditco (JSC "CREDITCO" UAB) is a Vilnius-based Lithuanian fintech that operates a prepaid card program-management platform. The company offers white-label and co-branded consumer and corporate prepaid Mastercard products, supported by card issuing, BIN sponsorship, payment processing, and settlement services. Cards are issued throughout the SEPA region and Switzerland and accepted globally through the Mastercard network. The firm serves consumer prepaid card issuers, corporate expense management programs, consumer credit companies, payment institutions, and financial institutions, primarily through a B2B enterprise sales motion.

The platform is built on a tier-1 payments stack: cards are issued by Paynovate SA (an e-money issuer regulated by the National Bank of Belgium and principal Mastercard member) under Mastercard license, with transaction processing delivered by Global Processing Services (GPS) and settlement banking via Barclays. Creditco itself is authorized by the Central Bank of Lithuania to issue E-money across SEPA and Switzerland. The product portfolio includes physical and virtual cards, contactless-enabled form factors (including wearables such as wristbands), and add-on modules — most notably the GPS Protect fraud and AML monitoring system and the External Host Interface, which enables zero-balance card accounts with secondary settlement funds for optimal client cash flow. The company also integrates with Apple Pay and Google Pay wallets.

Revenue is generated primarily through transaction-based fees on card issuing, payment processing, and payment settlement, supplemented by licensing/royalty economics on BIN sponsorship. Pricing is not publicly disclosed and is set on a custom, quote-based, pay-as-you-go model tied to client card volume. With 11–50 employees and a single Vilnius headquarters, Creditco is a small, specialist program manager whose competitive position rests on its E-money license, principal-level Mastercard access via Paynovate, and the differentiated External Host Interface and GPS Protect modules.

Name

Creditco

Legal name

"CREDITCO" UAB

Website

https://hercuscard.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Creditco is a Lithuanian fintech operating a prepaid Mastercard program-management platform, offering white-label and co-branded consumer and corporate cards plus issuing, BIN sponsorship, processing, settlement, and fraud protection services to enterprises across the SEPA region and Switzerland.

Ownership category

akta.pro rank

Product category

Prepaid Card Issuing and Payment Services

NAICS

Activities Related to Credit Intermediation (5223)

akta.pro primary industry

Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK)

Keywords

• Prepaid card issuing
• White label prepaid cards
• BIN sponsorship services
• Payment processing solutions
• Corporate expense cards

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Card Issuing Services: Revenue from issuing prepaid cards including card printing, personalization process management, and programme management for white-label and co-branded solutions.
2. BIN Sponsorship: BIN sponsorship services where Creditco issues prepaid cards and manages associated revenue streams across the Mastercard network in partnership with issuing bank.
3. Payment Processing & Acquiring: Fees from enabling secure payment processing for merchants and businesses, supporting local and global payment solutions.
4. Payment Settlement Services: Revenue from ensuring timely funds settlement with issuing bank and Mastercard on behalf of clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Creditco provides end-to-end prepaid card programmes for businesses across SEPA and Switzerland, issuing white-label and co-branded Hercus Prepaid Mastercard products. The company manages card issuing, BIN sponsorship, payment processing, settlement, and programme management on behalf of corporate clients. Complementary services include fraud protection via GPS Protect and cash flow optimisation through an External Host Interface that maintains zero balances on prepaid card accounts.

Product overview

Creditco offers a comprehensive prepaid card ecosystem anchored by the Hercus Prepaid Mastercard platform. The product portfolio consists of white-label and co-branded consumer and corporate prepaid cards (physical and virtual), supplemented by payment processing, BIN sponsorship, and settlement services. Key add-on capabilities include GPS Protect (fraud protection) and External Host Interface (cash flow management). The platform is built on Global Processing Services infrastructure and supports Apple Pay and Google Pay contactless payments throughout SEPA and Switzerland.

Differentiator

Problem solved

Functional benefit

Brands

• Hercus: Prepaid card brand offering white label and co-branded prepaid card products for businesses throughout the EEA, with BIN sponsorship, external hosting solutions, and fraud protection via GPS Protect.

Products and services

• Hercus Prepaid Mastercard Creditco's flagship prepaid Mastercard programme offering white-label and co-branded prepaid cards for businesses across SEPA and Switzerland. Cards are accepted worldwide through the Mastercard network and support both consumer and corporate use cases.
• White-Label and Co-Branded Card Programmes Turnkey prepaid card programmes that allow companies to launch their own branded prepaid cards without building infrastructure themselves. Creditco handles programme management on the client's behalf.
• Corporate Cards Prepaid corporate cards designed for managing business expenses such as hotels, business dinners, and airline tickets. Includes spending limits and tools to eliminate expense report paperwork.
• Virtual Cards Digital card product providing a card number, expiry date, and security code that can be loaded with funds from an associated prepaid account. Designed for online purchases without exposing physical card details.
• Card Issuing Services End-to-end card production service including card printing and personalisation process management for prepaid card programmes.
• BIN Sponsorship BIN sponsorship provided in partnership with issuing banks, enabling clients to issue prepaid cards and manage associated revenue streams across the Mastercard network.
• Payment Settlement Services Settlement service ensuring timely funds settlement between clients and the issuing bank and Mastercard network.
• Acquiring and Payment Processing Merchant acquiring and payment processing service that enables secure acceptance of payments, supporting various local and global payment solutions with speedy, straightforward integration.
• GPS Protect Fraud Protection Near real-time fraud detection and anti-money laundering service that monitors transactions, flags suspicious activity based on predefined rules, and stores authorisation statistics for further analysis.
• External Host Interface Cash flow management solution that maintains zero balances in prepaid card accounts and uses a secondary settlement account (Barclays) to cover transactions, eliminating the need to preload cards. Widely used by consumer credit companies and payment institutions.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Global Processing Services (GPS)coreTechnology or IntegrationWorld-class payment processor partnership ensuring secure and reliable transaction processing for prepaid cards. GPS powers the prepaid service platform providing transaction security and reliability.
• Paynovate SAcoreOEM/ Whitelabel/ Licensing PartnerE-money issuer regulated by National Bank of Belgium, principal member of Mastercard. Paynovate SA issues the Hercus Prepaid Mastercard pursuant to Mastercard license. Registered with Banque-Carrefour des Entreprises under number BE0506 763 929.
• Mastercard International IncorporatedcoreTechnology or IntegrationLicensing partner for prepaid card issuance. Cards are issued pursuant to Mastercard license and accepted worldwide through the Mastercard network.

Scale indicators1 record

Recent moves2 records

Expansion highlights5 records

Broad incumbents

• Revolut: UK-headquartered neobank with full prepaid/card issuing capabilities across Europe, including E-money licensing. A broad incumbent rather than direct white-label competitor, but competes for the same enterprise and consumer card opportunity.
• Stripe Issuing: Issuer-as-a-service API from Stripe that lets platforms launch virtual and physical cards. A larger, broader incumbent in card-issuing infrastructure that competes for the same fintech/platform clients as Creditco's white-label program.
• Marqeta: US-listed card issuing platform powering prepaid, debit, and credit programs. Competes in the same issuing-platform layer as Creditco, but at substantially larger scale and with its own proprietary processing stack.

Direct peers

• Wallester: Estonian-licensed BIN sponsor and white-label prepaid card program manager operating across the EEA. Closest direct competitor — similar BIN sponsorship model, Mastercard network, and B2B white-label/co-branded GTM into the same European regulatory perimeter.
• Soldo: UK/EU corporate prepaid card and expense management platform. Direct peer on the corporate expense use case that Creditco explicitly targets, and a comparable B2B enterprise sales motion in the same SEPA + UK geography.
• Spendesk: French SMB-focused corporate cards and spend management platform. Directly comparable on the corporate expense use case that Creditco lists as a primary segment.
• Pleo: Danish-headquartered corporate cards and spend management platform serving SMB and mid-market across Europe. Directly comparable on the corporate expense card product module and the same end-buyer profile.
• Payhawk: Bulgarian-founded, EU-wide corporate cards and spend management platform. Overlaps directly with Creditco's corporate expense card offering and the same enterprise sales motion across European markets.

Regional players

• PPS (Prepaid Payment Services / Banked): EU-based prepaid and E-money program manager offering white-label card programs. Direct comparable in the BIN-sponsorship and white-label prepaid space, though operating primarily in a different sub-region of the EEA.

Emerging players

• Treezor: French-licensed EMI offering Banking-as-a-Service, including card issuing, KYC, and payment services. Comparable as a European EMI competitor pursuing similar B2B fintech and corporate clients for embedded card programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/creditco

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Creditco