xpate
xpate is a Riga-headquartered, FCA- and Bank of Latvia-licensed fintech offering an all-in-one card acquiring, multi-currency IBAN, payouts, FX, and cross-border payments platform for digital businesses, regulated industries, and fintechs across the UK and EEA.
- Company typePrivate
- Founded2019
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What xpate does
xpate is a privately-held fintech, founded in 2019 in Riga, Latvia, that operates a unified payment and banking platform combining card acquiring with multi-currency daily banking services. The platform supports card pay-ins and payouts (via Visa Direct and Mastercard MoneySend), individual IBAN accounts in 150+ currencies, cross-border transfers (SEPA, SEPA Instant, SWIFT, Faster Payments, ACH), FX at 0.35%, payment links, custom hosted payment pages, and a documented developer API. xpate Ltd is authorised by the UK Financial Conduct Authority (Reference 901021) and xpate SIA holds an electronic money institution licence from Latvijas Banka (27-55/2023/7), enabling it to operate across the UK and EEA as a regulated payment services provider. The company is also a Visa and Mastercard principal member, granting direct network access for acquiring and payout flows.
The platform is sold through three go-to-market packages: "xpate for Business" (general digital merchants), "xpate for Regulated Industries" (iGaming, crypto and digital assets, mature content, forex/trading — using IC++ transparent pricing), and "xpate for Fintechs" (PSPs, payment facilitators, crypto ramp providers, digital wallets), with dedicated enterprise account management and an API-first developer portal. Revenue is transaction-based: 1.3%–2.7% take-rate on card acquiring depending on card origin, fixed €0/€1/€10 fees on internal/SEPA-Faster Payments/SWIFT transfers respectively, and 0.35% on FX. The customer mix skews enterprise and regulated, anchored by high-risk verticals where xpate's risk controls, named-IBAN treasury tools, and dispute automation are core commercial differentiators.
xpate's reported scale metrics — over 1 billion processed transactions, 150 million retail consumers served, 200+ countries connected, 87% card acceptance rate, and a Head of Finance-cited 20x year-on-year payment volume increase — reflect an aggressively scaling but privately-funded operator with 51–100 employees and offices in Riga and London. 2025 strategic activity (SEON fraud partnership, Visa Ramp Provider Program membership, ScheduleFX launch, travel-vertical dispute automation) signals continued investment in product breadth and the crypto/regulated-vertical opportunity rather than geographic or category pivots.
xpate firmographics
Firmographics- Name
- xpate
- Legal name
- xpate Ltd
- Website
- https://xpate.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- xpate is a Riga-headquartered, FCA- and Bank of Latvia-licensed fintech offering an all-in-one card acquiring, multi-currency IBAN, payouts, FX, and cross-border payments platform for digital businesses, regulated industries, and fintechs across the UK and EEA.
- Ownership category
- akta.pro rank
xpate industry classification
Industry- Product category
- Payment Processing and Banking Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payment Gateways & Orchestration (BPAMAFAA)
- akta.pro secondary industries
- Payments Orchestration, Wallets & Alternative Payments Enablement (MPAEAKAH), Crypto Payment Gateways & Checkout APIs (FSADAIAA)
Keywords
Where xpate is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
xpate business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Card Processing Fees: Transaction-based fees on card payments with rates varying by card origin: 1.3% for domestic EU cards, 1.9% for EEA cards, 2.7% for other international cards
- Payment Transfer Fees: Fixed fees for payment transfers: €0 for internal xpate transfers, €1 for SEPA/Faster Payments, €10 for SWIFT transfers
- Currency Exchange: 0.35% currency exchange fee on FX transactions for multi-currency account holders
- IC++ Pricing (Regulated Industries): Interchange++ pricing model for regulated industries with transparent fees, no hidden costs, or monthly minimums
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Domestic EU card processing |
| Transaction based/ take rate | Pay-as-you-go | EEA card processing |
| Transaction based/ take rate | Pay-as-you-go | International card processing |
| Transaction based/ take rate | Pay-as-you-go | Internal transfers |
| Transaction based/ take rate | Pay-as-you-go | SEPA and Faster Payments |
| Transaction based/ take rate | Pay-as-you-go | SWIFT transfers |
| Transaction based/ take rate | Pay-as-you-go | Currency exchange |
| Transaction based/ take rate | Pay-as-you-go | Account opening |
| Transaction based/ take rate | Pay-as-you-go | IC++ Pricing (Regulated Industries) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
xpate product offering
Product offeringCore offering
xpate provides an all-in-one payment and banking platform that combines card acquiring (Visa, Mastercard, Apple Pay, Google Pay) with multi-currency banking services, individual IBANs, global transfers, currency exchange, payment links, hosted payment pages, and API integration. The platform serves three segments: digital businesses (xpate for Business), regulated industries such as iGaming, crypto, and forex (xpate for Regulated Industries), and fintechs including PSPs, payment facilitators, crypto ramps, and digital wallets (xpate for Fintechs).
Product overview
xpate is an all-in-one payment and banking platform that unifies card acquiring and banking services into a single platform. The core offering combines Card Pay-ins, Card Payouts, Individual IBANs, Global Transfers, Currency Exchange, Payment Links, Custom HPP, and API Integration into a cohesive product suite. The platform is offered across three market segments: xpate for Business (general merchants), xpate for Regulated Industries (iGaming, Crypto, Adult content, Forex), and xpate for Fintechs (PSPs, Payment facilitators, Crypto ramps, Digital wallets). Supporting modules include Smart Dashboard, Fraud & Chargeback Management, 2-Phase Transactions, ScheduleFX, Virtual Pooled Accounts, and Managed Bank Accounts. The platform supports 150+ currencies and operates across UK and EEA markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Card Pay-ins Acceptance of card payments from customers via Visa, Mastercard, and other card networks, with support for Apple Pay, Google Pay, digital wallets, and subscriptions, offered to online merchants and digital businesses.
- Card Payouts Instant card payouts to recipients worldwide via Visa Direct and Mastercard MoneySend, enabling real-time fund disbursements for merchants, fintechs, and platforms.
- Multi-currency IBAN Accounts Free multi-currency accounts with individual IBANs supporting over 150 currencies, enabling global payments and simplified reconciliation for digital businesses.
- Global Transfers Cross-border and domestic payment transfers via SWIFT, SEPA, SEPA Instant, Faster Payments, and ACH for global coverage of business payouts and settlements.
- Currency Exchange Multi-currency management with competitive FX rates and liquidity management for seamless currency operations across 150+ currencies.
- Payment Links Self-serve payment links for one-time or recurring payment collection without requiring a full e-commerce or technical integration.
- Custom Hosted Payment Page (HPP) Customisable hosted payment page for seamless checkout experiences with brand customisation, supporting multiple payment methods including cards, Apple Pay, and Google Pay.
- API Integration Platform Developer-first REST API for payment integration, accompanied by CMS plugins and the developer.xpate.com documentation portal, enabling programmatic access to xpate's payment and banking capabilities.
- xpate for Regulated Industries Specialised payment and banking solution for regulated industries including iGaming, betting, crypto and digital assets, mature content, and forex trading, with industry-specific features such as instant payouts, crypto-friendly banking, IC++ pricing, and robust fraud protection.
- xpate for Fintechs Custom-built acquiring and banking rails for fintechs including Payment Service Providers, Payment Facilitators, Crypto Ramp Providers, and Digital Wallets, offering direct Visa and Mastercard acquiring, virtual pooled accounts, named IBANs, multi-currency settlements, FX, and liquidity management with no hidden costs or onboarding fees.
Quantifiable outcome
- 87% card acceptance rate
- +4 more outcomes
Companies that use xpate
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
xpate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability4 records
Feature7 records
xpate partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Visacorexpate has joined Visa's Ramp Provider Program, uniting the crypto and fiat worlds. As a Visa principal member, xpate offers direct access to Visa's payment network for cost-effective acquiring.
- SEONcorexpate partners with SEON to strengthen fraud prevention and risk management across the global payment platform. SEON provides fraud detection and risk management technology integration.
- MastercardcoreVisa and Mastercard principal member enabling direct acquiring with competitive rates and full payment capability support including Visa Direct and Mastercard MoneySend.
- Bank of Latviacorexpate SIA holds an electronic money institution operating licence issued by Latvijas Banka (Licence number 27-55/2023/7) to issue electronic money and provide payment services in the EEA.
- Financial Conduct Authority (FCA)corexpate Ltd is authorised by the Financial Conduct Authority (Reference number: 901021) to issue electronic money and provide payment services in the UK.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
xpate competitors and assessment
Company assessmentBroad incumbents
- Worldpay: Large incumbent acquirer offering card processing, cross-border payments, and merchant services globally. Overlaps with xpate in card acquiring and multi-currency capabilities, though Worldpay serves a far broader merchant base.
- Adyen: Public global payments platform offering unified acquiring, payouts, and banking through a single integration. Competes with xpate for enterprise digital merchants and fintechs, with substantially greater scale and capital resources.
- Stripe: Largest digital-first payments platform, offering card acquiring, multi-currency accounts, and developer APIs. Competes with xpate for mainstream digital merchants and fintechs, though xpate's regulated-industries focus and crypto-friendly positioning differentiate it.
Regional players
- Trustly: European-focused open banking payments network owned by NordPay. Comparable in European market focus and offering account-to-account payment rails that overlap with xpate's SEPA and Faster Payments capabilities.
Emerging players
- Mercuryo: Crypto on/off-ramp provider enabling fiat-to-crypto purchases via card and local payment methods. Directly comparable to xpate's crypto ramp segment and Visa Ramp Provider Program positioning.
- dLocal: Cross-border payments platform focused on emerging markets with localized acquiring and payout rails. Comparable to xpate in targeting digital merchants needing emerging-market payment coverage and FX.
- Transak: Web3 infrastructure provider offering fiat on-ramps and crypto checkout APIs for wallets and dApps. Adjacent peer to xpate's crypto ramp and regulated digital assets offerings.
Direct peers
- Nuvei: Public payments technology company specializing in high-risk and regulated verticals including iGaming, crypto, and adult content. Direct overlap with xpate's regulated-industries segment, including direct acquiring, multi-currency IBANs, and crypto on/off-ramp capabilities.
- Checkout.com: Global payments processor with direct acquiring, multi-currency accounts, and unified acquiring + banking propositions. Headquartered in London, overlapping xpate's UK GTM and digital-merchant positioning.
- Paysafe: Global payments platform with strong exposure to iGaming, digital wallets (Skrill, Neteller), and regulated industries. Closely comparable to xpate in targeting PSPs, digital wallets, and merchants needing specialized acquiring and payout infrastructure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
xpate social profiles
Digital presencexpate compliance and trust
Trust signalCompliance4 records
xpate financial estimates
Financial estimateRevenue estimate
Valuation estimate
xpate leadership team
Management profileNumber of profiles
Profiles7 records
xpate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
xpate 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 xpate
What does xpate do?
xpate provides an all-in-one payment and banking platform that combines card acquiring (Visa, Mastercard, Apple Pay, Google Pay) with multi-currency banking services, individual IBANs, global transfers, currency exchange, payment links, hosted payment pages, and API integration. The platform serves three segments: digital businesses (xpate for Business), regulated industries such as iGaming, crypto, and forex (xpate for Regulated Industries), and fintechs including PSPs, payment facilitators, crypto ramps, and digital wallets (xpate for Fintechs).
Is xpate a public or private company?
xpate is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was xpate founded?
xpate was founded in 2019. It employs 51 to 100 people.
Where is xpate based?
xpate is headquartered in London, United Kingdom, in the Europe region.
How does xpate make money?
Four revenue lines are on record. Card Processing Fees are the primary driver. The others are payment Transfer Fees, currency Exchange and IC++ Pricing (Regulated Industries).
Who are xpate's main competitors?
Broad incumbents on record are Worldpay, Adyen and Stripe. Trustly is listed as a regional player. Emerging players are Mercuryo, dLocal and Transak. Direct peers are Nuvei, Checkout.com and Paysafe.
Does xpate have an API?
Yes. xpate offers API payment integration, custom hosted payment page (HPP), and payment links. The developer portal at developer.xpate.com provides documentation for integration. Multiple integration types are supported including API, CMS plugins, and hosted payment page. Developer documentation is at developer.xpate.com.
What industry is xpate in?
xpate's product category is Payment Processing and Banking Platform. Its primary akta.pro industry code is BPAMAFAA, Payment Gateways & Orchestration, with a secondary code of MPAEAKAH, Payments Orchestration, Wallets & Alternative Payments Enablement. Its NAICS code is 522320 and its SIC code is 6199.