Corvus Pay

What Corvus Pay does

Corvus Pay d.o.o. is a Croatian fintech company headquartered in Zagreb that operates a proprietary Internet Payment Gateway (IPG) connecting online merchants with acquiring banks to process card payments and, under PSD2 authorization, IBAN-based payment initiation. Founded over a decade ago and employing 11-50 people, Corvus Pay was the first Croatian fintech licensed by the Croatian National Bank (HNB) for payment initiation services under PSD2 and has maintained PCI DSS Level 1 certification since 2012. The company serves eCommerce merchants, mobile application developers, and physical retailers across Croatia, Bosnia and Herzegovina, Serbia, North Macedonia, and the broader European Union, supporting approximately 40 currencies and all major card brands (Visa, Mastercard, Maestro, American Express, Diners, Discover, Dina).

The platform is anchored by the proprietary IPG and a hosted payment form, extended by Pay by Link (one-time and reusable payment links distributed via email, SMS, Viber, and WhatsApp), Virtual POS for telephone-order card acceptance, iOS and Android SDKs, Card Storage and Subscription Management for recurring billing, and Google Pay and Apple Pay support. A consumer-facing CorvusPay mobile application and Corvus Wallet enable tokenized card storage and one-click payments across participating merchants. Multi-bank routing configured by BIN codes optimizes interchange fees, while 3D Secure, FIPS 140-2 Level 3 hardware, and 256-bit SSL encryption underpin the security architecture.

Corvus Pay generates revenue primarily through per-transaction processing fees on a pay-as-you-go basis, with additional charges for advanced features such as subscriptions, card storage, Pay by Link, and Virtual POS. Pricing is quote-based and not publicly disclosed, reflecting an enterprise-oriented go-to-market executed through direct sales, integrator/reseller partnerships, and ready-made plugins for WooCommerce, Magento, PrestaShop, Shopify, and Hybris. The named customer base spans enterprise merchants across retail (Decathlon, LC Waikiki, L'Occitane, Tom Tailor), telecommunications (A1, Yettel, Iskon), insurance (Croatia Osiguranje), entertainment (CineStar, SuperSport, Mozzart), tourism (Amadria Park), F&B (Mlinar, Barcaffe), and other verticals. The company operates regional offices in Zagreb, Belgrade, and Skopje under director Damir Gužvinec.

Name

Corvus Pay

Legal name

CORVUS PAY d.o.o.

Website

https://corvuspay.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Corvus Pay d.o.o. is a Croatian fintech providing a proprietary Internet Payment Gateway that processes card and PSD2 IBAN payments for eCommerce merchants, mobile app developers, and physical retailers across Croatia, Bosnia and Herzegovina, Serbia, North Macedonia, and the EU.

Ownership category

akta.pro rank

Product category

Online Payment Gateway

NAICS

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

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Smart Routing, Cascading & Payment Optimization (FSAMACAJ), Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD), Payment-Integrated Booking & Checkout Modules (THALADAO)

Keywords

• Online payment gateway
• Payment processing services
• PSD2 payment initiation
• Digital wallet services
• Card processing platform

Headquarters

HQ city

Zagreb

HQ country

Croatia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Processing Fees: Merchants pay a fee per successfully processed transaction. This is the primary revenue stream. Additional features such as Subscription, Card Storage, Pay By Link, Virtual POS, and other advanced functionalities are charged additionally per successfully realized transaction.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels11 records

Core offering

Corvus Pay operates a proprietary Internet Payment Gateway (IPG) that connects online and mobile merchants with acquiring banks to securely process card payments and PSD2-licensed IBAN-based payment initiation across Croatia, Bosnia and Herzegovina, Serbia, North Macedonia and the EU. Its offering extends to a hosted payment form, Pay by Link, Virtual POS, native iOS/Android SDKs, Google Pay and Apple Pay support, Corvus Wallet, card storage and subscription/recurring billing for merchants.

Product overview

Corvus Pay operates as a unified payment platform composed of a proprietary Internet Payment Gateway (IPG) as the core product, complemented by multiple integrated payment modules and delivery channels. The platform is designed for both business merchants and private consumers across Southeast Europe. The core IPG is the foundational engine routing card transactions between merchants and acquiring banks, enhanced by a hosted payment form, Pay by Link, Virtual POS for phone sales, and native SDKs for iOS and Android apps. Consumer-facing products include the CorvusPay mobile app for QR-based and wallet payments, and Corvus Wallet for storing card details across participating merchants. Advanced merchant features include Card Storage (per-merchant card saving), Subscription Management (recurring billing), and a Merchant Portal for transaction oversight. The CorvusPay by IBAN module extends capabilities to account-to-account payments under PSD2. The platform supports card brands (Visa, Mastercard, Maestro, American Express, Diners, Dina, Discover), digital wallets (Google Pay, Apple Pay), multiple currencies, and installment payments with regional banks.

Differentiator

Problem solved

Functional benefit

Products and services

• CorvusPay Internet Payment Gateway (IPG) A proprietary Internet Payment Gateway platform that connects online merchants with banks to securely process card payments via the internet. The IPG transmits sensitive cardholder data from the web store to the acquiring bank, initiates payment transactions, and returns authorization results. Used by online merchants operating in Croatia, Bosnia and Herzegovina, Serbia, North Macedonia and the EU.
• CorvusPay Payment Form A hosted payment page where customers enter their card details during checkout. The form is embedded via redirect from the merchant's web store and supports customization to match merchant branding. Used by merchants that want a quick-to-deploy hosted checkout for card payments.
• Pay by Link A payment link module that allows merchants to create and send payment links via email, SMS, Viber, WhatsApp or other channels. Customers click the link to open the payment form and complete the transaction, with support for reusable links and tokenization for deposits or guarantees. Used by merchants in tourism, rent-a-car and other scenarios where a remote payment link is required.
• Google Pay Integration Digital wallet payment method integrated into the CorvusPay payment form, enabling customers to pay quickly using their Google Pay account without entering card details manually. Used by merchants wanting to offer Google Pay at checkout.
• Apple Pay Integration Digital wallet payment method integrated into the CorvusPay payment form, enabling customers to pay quickly using Apple Pay on supported devices without entering card details manually. Used by merchants wanting to offer Apple Pay at checkout.
• Virtual POS (Teleprodaja) A virtual point-of-sale solution for phone-based or mail-order (MOTO/teleprodaja) transactions, enabling card-not-present payments over the phone. Used by merchants and call centers processing card payments by phone.
• iOS and Android SDK Software Development Kits for iOS and Android mobile applications that allow merchants to embed CorvusPay payment functionality directly within their own mobile apps. Used by mobile application developers building native checkout experiences.
• CorvusPay Mobile Application (CorvusPay App) A consumer-facing mobile app available on iOS (App Store) and Android (Google Play) for end customers. Supports QR code scanning for one-click payments, card management, IBAN payments, and wallet functionality for storing card details. Used by consumers completing payments at partnered merchants and across web shops.
• CorvusPay by IBAN A payment initiation service under PSD2 regulation enabling account-to-account (IBAN to IBAN) payments. The first such service licensed by the Croatian National Bank in Croatia, allowing payments directly from the customer's bank account. Used by merchants and consumers who want card-free online payments under PSD2.
• Corvus Wallet A digital wallet functionality that securely stores customer personal and card data (excluding CVV) in compliance with PCI DSS standards, allowing customers to pay with saved cards across web shops that support Corvus Wallet without re-entering card details. Available via CorvusPay web app and mobile app.
• Subscription & Card Storage Allows merchants to tokenize and store customer card data for recurring (subscription) charges and one-click repeat payments, including partial completions and reversals. Used by merchants with subscription billing models or repeat-buyer stores.
• CorvusPay POS Solutions for Physical Retail Point-of-sale solutions enabling card acceptance in physical stores, restaurants, hotels, transportation, and self-service terminals. Covers contactless, chip, and other terminal-based payment methods. Used by brick-and-mortar merchants requiring multi-card-brand POS acceptance including contactless.
• eCommerce Platform Plugins (WooCommerce, Magento, PrestaShop, Hybris, Shopify) Pre-built plugins for major eCommerce platforms that enable easy integration of CorvusPay payment functionality into web stores without custom development. Distributed via cps.corvus.hr/public/corvuspay/. Used by web merchants and integrators building client stores on those platforms.

Quantifiable outcome

• Implementation completed within a few days for merchants with ready-made plugins and technical documentation support.
• +1 more outcomes

Named customers38 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature12 records

Partnerships

Six partnerships are on record, tiered core.

• Erste & Steiermärkische Bank (Erste Bank)coreTechnology or IntegrationCorvusPay's bank account (IBAN) is held at Erste & Steiermärkische Bank d.d., which also serves as an acquiring bank for card payment processing for some merchants. The company works with multiple acquiring banks and card networks for payment processing.
• Teya (acquirer)coreTechnology or IntegrationCorvusPay integrates with Teya as an acquiring bank for multi-currency payment acceptance, enabling merchants to accept approximately 40 foreign currencies.
• Worldline (acquirer)coreTechnology or IntegrationCorvusPay integrates with Worldline as an acquiring bank for multi-currency payment acceptance, supporting approximately 40 foreign currencies.
• Card Schemes (Visa, Mastercard, American Express, Diners, Discover, Maestro, Dina)coreTechnology or IntegrationCorvusPay supports all major card brands and participates in card schemes including Visa, Mastercard, American Express, Diners, Discover, Maestro, and Dina for card payment processing.
• cWebSpace (Biletra ticketing platform)coreStrategic or Co-development PartnerStrategic partnership with cWebSpace (Biletra ticketing system) for integrated ticketing and payment solutions. The integration enables stable and scalable payment processing for event ticketing across various sales scenarios.
• eCommerce Platform IntegratorscoreChannel Partner/ Reseller/ DistributorNetwork of integrators and developers who use CorvusPay's ready-made plugins (WooCommerce, Magento, PrestaShop, Shopify, Hybris) to integrate payment processing into client eCommerce projects. Plugins available at cps.corvus.hr/public/corvuspay/.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Worldline: European payment acquirer and processor that partners with Corvus Pay for multi-currency acceptance. Also offers competing gateway and merchant services across Europe at much larger scale.
• Stripe: Global payment processor and gateway serving online merchants with API-first integration, hosted checkout, and broad payment method support. Competes with Corvus Pay at the upper end of its Croatian and SEE enterprise customers.
• PayU: Global PSP with strong presence in Central and Eastern Europe including Croatia and SEE, offering card processing and alternative payment methods. Overlaps with Corvus Pay's regional customer base.
• Adyen: Global unified commerce platform providing online, mobile, and POS payment processing with multi-acquirer routing. Comparable multi-bank/multi-currency architecture to Corvus Pay but at significantly larger scale.
• Checkout.com: Global cloud-based payments processor with API-first integration targeting enterprise merchants and PSP-grade orchestration. Comparable to Corvus Pay's smart-routing and multi-acquirer capabilities.

Direct peers

• Mollie: European payment service provider serving SMB and mid-market merchants with multi-payment-method gateway, plugins for major eCommerce platforms, and developer-first APIs. Closely comparable product surface to Corvus Pay.
• Monri: Regional payment gateway serving Croatia, Bosnia and Herzegovina, and wider SEE with card processing, eCommerce plugins, and POS solutions. Closely comparable to Corvus Pay in product scope and target geography.
• WSPay: Croatian payment gateway and PSP supporting online card payments, recurring billing, and POS. Operates in the same Croatian and SEE market as Corvus Pay with similar merchant segments.

Regional players

• Nexi: European payments company with a strong presence in Italy and broader Europe providing acquiring, payment processing, and digital banking services. Comparable to Corvus Pay in merchant payment services but operates primarily in different geographies.

Others

• Teya: Acquiring bank partner of Corvus Pay that also offers its own gateway and merchant services to SMEs across Europe. Adjacent relationship — both partner and potential competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCxrnVdi4_dG-N-hJpJpKMqw
• Facebookfacebook.com/corvuspay
• LinkedInlinkedin.com/company/corvuspay

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Corvus Pay