justbank

What justbank does

justbank is the trading name of IDT Financial Services Limited, a fully licensed bank regulated by the Gibraltar Financial Services Commission (GFSC) and headquartered in Gibraltar. It operates as a subsidiary of NYSE-listed IDT Corporation (NYSE: IDT) and is positioned as a digital-first business bank serving small and medium businesses, corporate clients, and regulated entities — including intermediaries, company managers, and crypto/DLT businesses — with multi-currency GBP, EUR, and USD accounts, business debit cards, domestic and international payments (Faster Payments, SWIFT, with CHAPS, BACS, Direct Debits, and SEPA on the roadmap), safeguarding accounts, and pooled client accounts. Through a sister entity, IDT Finance, the group also offers BIN Sponsorship, payment services, and card issuance to fintechs and program managers, with named customers including Suits Me, GoHenry, Laya, UKFuels, and Osper.

The platform is built on a digital banking architecture combining an online business banking portal with a mobile app, real-time balance and transaction approvals, card-freeze functionality, and forthcoming features including self-service FX, virtual cards, batch upload payments, and Apple Pay/Google Pay wallet support. The technology stack is supported by partnerships with Mastercard and Visa (principal memberships), and by payment technology providers including Kani, iFinancial, Tribe Payments, and Thames Technology. Distribution is hybrid: a self-serve online registration flow for SMBs, supplemented by a dedicated relationship manager model for corporate and enterprise clients, with call center, secure messaging, and email support.

Revenue is generated through a combination of monthly account maintenance fees (ranging from £15 for Gibraltar trading businesses to £100 for pooled client accounts), transaction fees (e.g., £1.50 per Faster Payment, £25 per SWIFT transfer), card-related fees (ATM withdrawals, 2% FX margin, issuance and replacement fees), and ancillary document/chargeback fees. The company markets differentiation on a human-touch + digital-first positioning, GFSC regulation, Gibraltar Deposit Guarantee Scheme participation (€100,000 per depositor), and 20 years of operating heritage through IDT Financial Services. The disclosed headcount is 5 employees, which is notably lean for a licensed bank and signals a reliance on parent-company infrastructure and outsourcing.

Name

justbank

Legal name

IDT Financial Services Limited

Website

https://justbank.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

justbank is a Gibraltar-based, GFSC-regulated digital business bank offering multi-currency GBP/EUR/USD accounts, debit cards, payments, and safeguarding accounts to SMBs, corporates, and regulated entities, with sister-entity IDT Finance providing BIN sponsorship and card issuance to fintechs.

Ownership category

akta.pro rank

Product category

Business Banking

NAICS

Commercial Banking (522110), Credit Card Issuing (522210)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Business banking services
• Multi-currency accounts
• Card issuing services
• BIN sponsorship
• Payment processing

Headquarters

HQ city

Gibraltar

HQ country

Gibraltar

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Account Maintenance Fees: Monthly account maintenance fees ranging from £15 for Gibraltar trading businesses to £100 for Pooled Client Accounts. Onboarding fees and Annual Risk fees may also apply depending on business type.
2. Payment Transaction Fees: Fees charged for various payment types including UK Faster Payments (£1.50 per transfer), SWIFT SHA (£25 per transfer), and various other transaction-based fees.
3. Business Debit Card Fees: Revenue from card annual fees (none), ATM cash withdrawals (domestic £2, international 1.5% minimum £2.50), POS/online purchases (free), FX charges (2%), card issuing (first 2 free, additional £10), and replacement cards (£10).
4. Document and Request Fees: Fees for audit letters (£50 per legal entity), client detail confirmations to third parties (£40), and statement copies (£30).
5. Chargeback Processing: £25 per chargeback request processing fee.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

justbank is a Gibraltar-licensed business bank that provides multi-currency business accounts (GBP, EUR, USD), Business Debit Cards accepted globally, online and mobile banking with real-time payment approvals, and Issuing Services including BIN sponsorship, card issuance and payment services through its sister entity IDT Finance. It supports domestic and international payments, safeguarding accounts for regulated entities, and client pooled accounts, delivered through dedicated relationship managers and a digital-first platform.

Product overview

justbank is a Gibraltar-based business banking platform offering a unified suite of financial services. The core offering consists of Business Banking (multi-currency accounts in GBP, EUR, and USD with Business Debit Cards, online banking, and domestic/international payment capabilities) and Issuing Services (BIN sponsorship, payment services, and card issuance through related entity IDT Finance). The platform is complemented by Safeguarding Accounts and Client Pooled Accounts for regulated entities. justbank is a subsidiary of IDT Corporation (NYSE: IDT) and operates as a fully licensed bank regulated by the Gibraltar Financial Services Commission, built on nearly 20 years of payments and banking experience.

Differentiator

Problem solved

Functional benefit

Brands

• IDT Finance: Split-off entity focusing on E-Money, card issuance, Payment Services and BIN Sponsorship. Also referred to as in-house BIN Sponsorship, Issuing and Payment Services Provider.

Products and services

• Business Banking
• Business Debit Card
• Online Business Banking
• Mobile App
• Issuing Services

Quantifiable outcome

• 20 years of banking experience and regulatory expertise
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

14 partnerships are on record, tiered core, minor and supporting.

• Gibraltar Federation of Small Businesses (GFSB)coreStrategic or Co-development Partner · 1 March 20253-year partnership announced March 2025 to support Gibraltar's dynamic entrepreneurial spirit. justbank provides the justbank boardroom at GFSB premises, resources and support to local businesses, and sponsorship for the newly refurbished GFSB offices serving as a hub for members.
• T & T Management ServicesminorStrategic or Co-development Partner · 1 March 2025Strategic partner alongside justbank and Gibtelecom in supporting the GFSB initiative and newly refurbished GFSB premises.
• GibtelecomminorStrategic or Co-development Partner · 1 March 2025Strategic partner alongside justbank and T & T Management Services in supporting the GFSB initiative and newly refurbished GFSB premises.
• MastercardcoreTechnology or IntegrationPrincipal Member of Mastercard since obtaining banking licence in Gibraltar. justbank offers Mastercard-branded Business Debit Cards and participates in the Mastercard payment network for card issuing services.
• VisacoreTechnology or IntegrationPrincipal Member of Visa since obtaining banking licence in Gibraltar. justbank offers Visa-branded Business Debit Cards and participates in the Visa payment network for card issuing services.
• Apple PaycoreTechnology or IntegrationApple Pay integration available for card payments. justbank supports Apple Pay for both card issuing through IDT Finance and for future mobile wallet functionality.
• Google PaycoreTechnology or IntegrationGoogle Pay integration available for card payments. justbank supports Google Pay for both card issuing through IDT Finance and for future mobile wallet functionality.
• Gibraltar Bankers' Association (GBA)coreOthersjustbank hosted the Gibraltar Bankers' Association meeting in June 2025 at their offices in Gibraltar. Active member participating in discussions on 2030 strategic vision, regulatory updates, fraud prevention campaigns, and stakeholder engagement initiatives.
• Thames TechnologysupportingTechnology or IntegrationTechnology partner providing payment processing and card technology solutions.
• KanisupportingTechnology or IntegrationPayment services technology partner providing reconciliation and reporting solutions.
• iFinancialsupportingTechnology or IntegrationFinancial services technology partner providing specialized financial technology solutions.
• Tribe PaymentssupportingTechnology or IntegrationPayment technology partner providing payment infrastructure and processing capabilities.
• Gibraltar Finance Intelligence Association (GFIA)supportingOthersProud member of trusted networks including GFIA, demonstrating commitment to Gibraltar's financial services community.
• Gibraltar Chamber of CommercesupportingOthersProud member of the Gibraltar Chamber of Commerce, supporting Gibraltar's business community.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Soldo: European business spend management platform with multi-currency accounts, prepaid debit cards and corporate cards. Comparable to justbank on multi-currency business accounts and card issuance for SMBs.
• Marqeta: Card issuing and BIN sponsorship platform powering fintech card programmes. Comparable to justbank / IDT Finance on the issuing services, BIN sponsorship and payment services side of the business.
• bunq: European licensed challenger bank offering multi-currency business accounts, cards and payments across the EEA. Comparable to justbank as a licensed European challenger with multi-currency business accounts and card products.
• Allica Bank: UK challenger bank focused on SMBs and中小企业 with relationship-led relationship managers alongside digital banking. Comparable to justbank on the combined human-relationship-manager + digital platform model for SMBs.
• Revolut Business: Global digital business account offering multi-currency wallets, cards, domestic and international payments. Comparable to justbank on multi-currency accounts, card issuance and SMB-focused digital banking, although at much larger scale.
• Starling Bank: UK challenger bank with a scaled business banking product offering current accounts, payments, debit cards and integrated tooling for SMBs. Comparable to justbank as a fully licensed bank serving UK SMBs with digital-first business banking.
• Tide: UK-focused digital business banking platform serving SMBs with multi-currency accounts, debit cards, payments and integrated accounting. Comparable to justbank in target customer (SMBs), digital-first proposition and revenue model (subscription + transaction fees).
• ANNA Money: UK SMB-focused digital business current account with debit cards, payments and tax/admin tooling. Comparable to justbank as a smaller-scale UK SMB digital business bank with subscription + transaction pricing.
• Wise Business: Cross-border multi-currency accounts for businesses and individuals, with cards and SWIFT/local payment rails. Comparable to justbank on multi-currency (GBP/EUR/USD) positioning, FX and payment-rail approach, although Wise is non-depository.
• Equals Money: UK-listed payments platform offering multi-currency accounts, cards and FX for businesses. Comparable to justbank on multi-currency business accounts, FX and card products aimed at SMBs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jbnk

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 justbank