What Transact Pro does

Transact Pro (SIA Transact Pro) is a Riga-based Authorized Electronic Money Institution licensed by the Bank of Latvia, operating as a payment service provider since 2004. The company offers online card payment processing with PCI Level 1 security, white-label card issuance (debit, credit, prepaid, gift, loyalty, and virtual cards), and a white-label payment gateway with integrated risk and chargeback management, supplemented by SWIFT, SEPA, Original Credit Transaction, and Person-to-Person payment services. Its core technology stack is fully in-house and proprietary, including the Transact Online multi-language customer portal and API access across all services.

Transact Pro serves primarily Baltic-region corporate customers, with a named customer base concentrated in retail (Spice, Domina Shopping, Narvesen, MEGA, Riga Plaza, Premium Plus, SAVA) and travel (Booking Group, Vanilla Travel). The company generates revenue primarily through transaction-based fees starting at 0.5% per transaction across payment processing, card issuance, gateway services, and international payment services, with white-label arrangements providing partner-branded distribution. It is an affiliate of US-based Transact Bank N.A. (formerly Colorado National Bank), which provides cross-border banking rails and shared network memberships.

In late 2024, Transact Pro launched the Transact DIGICITY digital platform and expanded into Lithuania with Transact Fleet (a fleet management solution in cooperation with S/C Sāga) and Mastercard-branded gift cards. The same period included a 60% capital increase to EUR 1,626,000, partly to address a Latvijas Banka warning regarding capital requirements compliance. The company is a principal member of Visa, Mastercard, SWIFT, and SEPA.

Name

Transact Pro

Legal name

SIA Transact Pro

Website

https://transactpro.lv

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Transact Pro is a Latvian Authorized Electronic Money Institution offering online payment processing, white-label card issuance, and gateway services to Baltic-region corporate clients since 2004, with affiliate backing from US-based Transact Bank N.A.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)

akta.pro primary industry

Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF)

akta.pro secondary industries

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ), Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.) (CRAFALAG)

Keywords

• Payment processing services
• Card issuing platform
• White label gateway
• Electronic money institution
• SWIFT SEPA payments

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Services: Transaction-based fees for online card payment processing for e-commerce merchants. The company offers fixed pricing starting at 0.5% per transaction.
2. Card Issuing Services: Revenue from issuing branded debit cards, credit cards, pre-paid cards, gift cards, loyalty cards, and virtual cards for corporate clients including leasing and consumer lending companies.
3. Gateway Services: White label gateway services allowing businesses to operate payment gateways under their own brand, including risk management and chargeback management.
4. International Payment Services: SWIFT and SEPA payment processing services for cross-border and European transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Transact Pro is a fully in-house payment service provider operating since 2004, offering online card payment acceptance and processing, white-label card issuance (debit, credit, pre-paid, gift, loyalty, virtual), and payment gateway services (including white-label gateway, risk management, and chargeback management) for corporate and e-commerce customers. It complements these core services with SWIFT, SEPA, Person-to-Person, and Original Credit Transaction payment functionality, the Transact Online self-service banking portal, and affiliated platforms such as Transact DIGICITY and Transact Fleet.

Product overview

Transact Pro is a fully in-house payment service provider operating since 2004, offering a comprehensive suite of payment and card services. The portfolio consists of three core offerings: Payment Processing (online card payments with analytics, gateway, and PCI Level 1 security), Card Issuing (white label debit, credit, pre-paid, gift, loyalty, and virtual cards), and Gateway Services (White Label Gateway and standard Payment Gateway with risk and chargeback management). Additional payment solutions include SWIFT Payments, SEPA Payments, Original Credit Transaction, and Person to Person Payments. The company also operates the Transact Online banking platform and has launched new digital platforms including Transact DIGICITY (November 2024) and Transact Fleet (September 2024). Transact Pro holds EU financial licensing as an Authorized Electronic Money Institution and is a principal member of Visa, Mastercard, SWIFT, and SEPA.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Processing Online card payment processing service for e-commerce businesses, offering analytics, payment gateway, PCI Level 1 security, risk management, global payment acceptance, and 24/7 support.
• Card Issuing White-label debit, credit, pre-paid, gift, loyalty, and virtual card issuance for corporate customers, branded to align with the client's business identity.
• White Label Gateway Payment gateway operated under the client's own brand, enabling white-label gateway services with integrated risk and chargeback management for partners.
• SWIFT Payments International wire transfer payment functionality enabling cross-border payments through the SWIFT network (Transact Pro SWIFT code: TPRO LV 22).
• SEPA Payments Single Euro Payments Area payment service enabling efficient Euro transfers within SEPA countries.
• Transact Online Online banking and account-management platform providing multi-language support (Latvian, English, Russian, German), Smart-ID authentication, and 24/7 multi-lingual customer support.
• Transact DIGICITY platform Digital platform launched in November 2024 representing Transact Pro's new digital service offering (DIGICITY).
• Transact Fleet Fleet management solution — Lithuania's first i.EKA-compliant solution — launched in September 2024 in cooperation with S/C Sāga.
• Mastercard Gift Cards Pre-paid Mastercard-branded gift cards sold in cooperation with S/C Sāga starting September 2024.

Quantifiable outcome

• Fixed pricing starting at 0.5% for payment processing

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

One partnership is on record.

• Transact Bank N.A.coreStrategic or Co-development PartnerTransact Pro is an affiliate of Transact Bank N.A. (formerly Colorado National Bank). Transact Bank N.A. holds USA Federal banking charter, Federal Reserve System direct member status, FDIC membership, and is a member of Mastercard, Visa and SWIFT. The relationship provides cross-border banking capabilities and shared network memberships.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Checkout.com: Checkout.com is a global payment processor offering unified acquiring, gateway, and issuing solutions to enterprise merchants. Comparable in product breadth (processing + issuing + gateway) but operates at much larger scale across multiple geographies than Transact Pro.
• Nexi: Nexi is one of Europe's largest payments technology groups covering merchant acquiring, card issuing, and digital banking infrastructure. It competes with Transact Pro across the same product stack but at multi-country, scaled-incumbent reach.
• Stripe: Stripe is a global payment infrastructure provider offering online card processing, issuing, and gateway services through developer-first APIs. It overlaps Transact Pro's processing, gateway, and card-issuing lines but at vastly larger scale and global geographic reach.
• Worldline: Worldline is a major European payment processor and merchant acquirer serving merchants, banks, and corporates across the EU. It is a broader incumbent offering the same payment processing and merchant acquiring services as Transact Pro, but as part of a much wider portfolio.

Emerging players

• Viva Wallet: Viva Wallet is an EU-licensed e-money institution offering merchant acquiring, card issuing, and business accounts across SEPA countries. It is comparable to Transact Pro on regulatory posture (e-money license) and product suite, though it has pursued stronger pan-European scale.

Direct peers

• Paysera: Paysera is a Lithuania-based licensed electronic money institution offering payment processing, card issuing, and merchant acquiring across the Baltics and broader EU. It is the closest geographic and regulatory peer to Transact Pro, competing head-to-head for Baltic merchants, e-money customers, and card programs.
• Mollie: Mollie is a European payment service provider offering multi-method online payment processing, merchant acquiring, and developer-first APIs. Comparable to Transact Pro's payment-processing and white-label gateway stack with overlapping target customers (e-commerce SMEs and platforms).
• SumUp: SumUp is a European fintech providing card acceptance and payout services to small merchants, with EMI licensing in the UK and Ireland. It overlaps Transact Pro's merchant acquiring and card-issuing propositions for SME and retail customers.
• ConnectPay: ConnectPay is an EMI-licensed payment institution offering merchant acquiring, payment gateway, and card issuing services across the EU/EEA. It directly overlaps Transact Pro on white-label payments and card issuance with similar targeted SME and enterprise customers.
• Trust Payments: Trust Payments is a UK-based PSP with EU licensing that provides merchant acquiring, gateway services, and white-label card programs. It competes with Transact Pro in the European e-commerce and white-label issuance space with similar API-first and 24/7 support positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 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 Transact Pro