Nuek
Nuek is a payment-technology subsidiary of Indra Group providing a cloud-native, API-first platform for card issuance, payment acceptance, digital accounts, Open Finance, international payments, and tokenization, serving 140+ financial institutions, fintechs, and retailers across 20+ countries in Europe and Latin America.
- Company typePrivate
- Founded2025
- HeadquartersAlcobendas, Spain
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Nuek does
Nuek, the rebrand of Minsait Payments announced in 2025, is a payment-technology subsidiary of Spain's Indra Group operating as MINSAIT PAYMENT SYSTEMS SL, headquartered in Alcobendas, Madrid. The company provides a modular, cloud-native, API-first payment platform that unifies card issuance (debit, credit, prepaid), payment acceptance and acquiring, banking-as-a-service digital accounts with Spanish IBAN and SEPA connectivity, Open Finance / Open Data, international payments via Visa Direct and Mastercard Send, tokenization-as-a-service, and consulting. The platform is PCI DSS- and PCI SSS-compliant (ranked Top 5 globally for Cloud PCI SSS certification), offers a 99.999% uptime SLA, and supports 200+ million cards and 4.5+ billion transactions across 20+ countries in Europe and Latin America, with operations backed by 1,600+ payment professionals and the broader 2,000+ specialist Indra ecosystem. Recent certifications with American Express (LATAM, 2025) and the Visa Ready for Fleet program (2025) extend network coverage into AmEx issuance and mobility/fleet verticals, while new deployments such as contactless turnstile payments at Metro de Madrid (2026) and Open Core in Chile (2026) demonstrate active expansion into public transit and Open Finance compliance.
Nuek sells through a hybrid go-to-market combining enterprise field sales, a formalized partner program, and self-service developer/PLG channels (API Explorer with freemium sandbox, No-Code Issuing tool). Customer concentration sits heavily in financial services, fintech, and large retail — Falabella (16M connected customers across Chile, Peru, Colombia, Mexico), Rappi (5 countries, 400+ cities in 6 months), Getnet, Banco Finandina, B89, Tenpo Bank Chile, and Clara feature among the 140+ named enterprise clients. The revenue mix is diversified across transaction-fee streams (card issuing/processing, acquiring, international payments), subscription/recurring revenue (BaaS digital accounts, API platform licensing), and professional services (consulting and implementation), with quote-based enterprise pricing and tiered sandbox access for evaluation. The company was rebranded from Minsait Payments in 2025 and has subsequently launched Nuek Intelligence (a generative AI initiative with Google Cloud, May 2026), a stablecoin/cross-border alliance with Prosegur Crypto and Minos Global (April 2026), and Mobility and Public Transit verticals, signaling active offensive expansion across product surface, vertical mix, and regulatory capture.
The business is structurally differentiated from pure-play fintech challengers by the capital, geographic reach, and installed-base reach of its Indra Group parent (€5.3B+ revenue, 60,000+ employees), which provides long-duration balance-sheet support and cross-sell into financial-services and public-sector accounts across Iberia and LATAM. Reported scale metrics (38% business growth in 2024, 13B+ API calls consumed globally, 200M+ cards under management) and a steady cadence of flagship certifications and strategic partnerships in 2025-2026 indicate a business in strong, sustained growth rather than a defensive or turnaround posture, although standalone revenue and unit economics are not publicly disclosed.
Nuek firmographics
Firmographics- Name
- Nuek
- Legal name
- MINSAIT PAYMENT SYSTEMS SL
- Website
- https://nuek.com
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Nuek is a payment-technology subsidiary of Indra Group providing a cloud-native, API-first platform for card issuance, payment acceptance, digital accounts, Open Finance, international payments, and tokenization, serving 140+ financial institutions, fintechs, and retailers across 20+ countries in Europe and Latin America.
- Ownership category
- akta.pro rank
Nuek industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (52221)
- SIC
- Services-Computer Processing & Data Preparation (7374), Finance Services (6199)
- akta.pro primary industry
- Card Issuing & Program Management Platforms (BPAMAFAH)
- akta.pro secondary industries
- Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), Virtual Card & Tokenization Schemes (FSAMAAAG), Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD), Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC)
Keywords
Where Nuek is headquartered
LocationHeadquarters
- HQ city
- Alcobendas
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Nuek business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Card Issuing & Processing Fees: Revenue generated from card issuance, processing, and transaction authorization services. Covers physical and virtual card creation, BIN sponsorship, tokenization, and per-transaction processing fees across debit, credit, and prepaid card programs.
- Acquiring & Merchant Services: Revenue from merchant payment acceptance services including onboarding, transaction processing, settlement, dispute management, and merchant loyalty programs for acquirers, PSPs, and PayFacs.
- API & Platform Licensing: API access fees for developer platforms including the API Explorer, No-Code Issuing tool, and platform usage. Tiered access based on API consumption volume and feature access levels.
- Banking-as-a-Service & Digital Accounts: Revenue from digital account provisioning, IBAN services, SEPA connectivity, and fund management capabilities for financial institutions and fintechs building embedded banking products.
- International Payments: Revenue from cross-border transfer services leveraging Visa Direct and Mastercard Send networks, with transparent pricing and 24/7 availability.
- Consulting & Advisory Services: Strategic consulting for payment modernization including pricing optimization, competitive benchmarking, compliance and risk management, technology stack evolution, migration, and operational support services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Self-serve evaluation tier with sandbox access |
| Subscription | Annual | Advanced sandbox with broader API access and No-Code features |
| Transaction based/ take rate | Multi-year contract | Pre-production and production enterprise pricing |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
Nuek product offering
Product offeringCore offering
Nuek provides a unified, cloud-native, API-first payment technology platform that combines card issuance, payment acceptance (acquiring), Open Finance/Open Data, digital accounts (Banking-as-a-Service), and international payments. The platform enables financial institutions, fintechs, retailers, and enterprises to launch and operate card programs, accept payments across channels, and embed financial services through modular APIs and a No-Code Issuing tool.
Product overview
Nuek is a payment technology platform (formerly Minsait Payments) offering a comprehensive suite of solutions for the payments ecosystem. The platform is built on a modular, cloud-native infrastructure with API-first architecture and PCI SSS certification. The core portfolio includes Issuing as a Service for card programs (debit, credit, prepaid), Acquiring and Processing for merchant management, Digital Accounts (Banking-as-a-Service), Open Finance, International Payments, and Consulting services. Supporting tools include No-Code Issuing for self-service card program configuration and an API Explorer for developer integration. An additional module, Tokenization as a Service, provides card digitization capabilities through Visa and Mastercard tokenization programs. The platform operates across 20+ countries with 200+ million cards managed and serves 140+ enterprise clients.
Differentiator
Problem solved
Functional benefit
Brands
- No-Code Issuing: Self-service tool that allows configuration of card programs without programming code through a guided experience.
- Issuing-as-a-Service
- Tokenización-as-a-Service (TaaS)
- API Explorer
- Nuek Intelligence
- Open Core
Products and services
- Issuing as a Service Card issuance and processing platform enabling design, launch, and management of debit, credit, and prepaid card programs with Visa and Mastercard networks. Features BIN sponsorship, instant issuance, physical and virtual cards, full lifecycle management, and dynamic spending limits. Targeted at financial institutions, fintechs, retailers, and enterprises launching or modernizing card programs.
- Acquiring and Processing End-to-end acquiring lifecycle management including merchant affiliation, multi-currency payments, risk-based authorization, dispute management, intelligent settlement, fraud prevention, and loyalty program integration. Covers physical, digital, and omnichannel acceptance for acquirers, PSPs, PayFacs, and merchants.
- Digital Accounts Banking-as-a-Service solution providing configurable digital accounts with Spanish IBAN, instant onboarding with integrated KYC, SEPA payments, fund management capabilities, and multi-currency support. Targeted at financial institutions and fintechs building embedded banking products.
- Open Finance Open finance platform enabling direct payments, automated collections, account consolidation, real-time credit scoring, financial data management, smart recommendations, and compliance with open banking regulations across Latin America and Europe. Targeted at banks, fintechs, and financial ecosystem participants.
- International Payments Cross-border payment service using Visa Direct and Mastercard Send for instant international transfers with transparent pricing and 24/7 availability. Supports multi-channel delivery including wallets, cards, and virtual accounts with built-in fraud detection. Targeted at financial institutions, fintechs, and corporates.
- Consulting and Management Strategic consulting for payment optimization including pricing models, competitive benchmarking, expansion strategies, compliance, risk management, technology evolution, migration, and operational support services. Targeted at financial institutions and enterprises undertaking payment transformation.
Quantifiable outcome
- 38% business growth in 2024
- +6 more outcomes
Companies that use Nuek
Customer profileNamed customers14 records
Segments6 records
Ideal customer profiles6 records
Nuek technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability5 records
Feature9 records
Nuek partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship and core.
- Metro de MadridflagshipMetro de Madrid incorporated Nuek's payment technology to enable direct contactless bank card and mobile payment at metro access gates. Nuek provides the payment processing infrastructure connecting Metro de Madrid's systems with financial entities, enabling open-loop payment across multiple card networks (Visa, Mastercard, Diners Club Spain Discover, UnionPay International, JCB) without physical tickets or additional apps.
- Google CloudcorePresentation of Nuek Intelligence at Cloud AI Live Madrid 2026, combining cloud-native architecture with generative AI to build more resilient, scalable, and intelligent payment operations. The initiative activates operational knowledge for real-time decision-making in critical payment activities.
- Chilean Financial Ecosystem (banks, financial entities)corePresentation of Open Core, a solution designed to help Chilean banks and financial entities respond to Open Finance regulatory requirements. The solution enables interoperability, consent management, data governance, and new collaboration models, transforming regulatory compliance into a competitive advantage.
- Prosegur Crypto and Minos GlobalcoreThree-way collaboration agreement to explore and develop payment solutions based on stablecoins, asset tokenization, and new digital infrastructure. The partnership combines institutional crypto custody (Prosegur Crypto), crypto-native financial infrastructure (Minos Global), and payment technology (Nuek). Focus areas include B2B payments and cross-border transactions across Europe and Latin America under solid regulatory frameworks.
- American ExpresscoreCertification by American Express as a payment processor in Latin America. This certification enables banks, fintechs, and financial institutions in the region to issue American Express cards using Nuek's flexible, scalable, and secure infrastructure, expanding Nuek's card network capabilities beyond Visa and Mastercard.
- VisaflagshipStrategic alliance with Visa as part of the Visa Ready for Fleet program. Nuek is certified as an issuer under this program, combining Visa's global network with Nuek's payment infrastructure to launch fleet payment solutions. The partnership enables operators of fuel stations and transportation companies to offer unified fleet expense management, instant card issuance, and real-time analytics.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Nuek competitors and assessment
Company assessmentDirect peers
- Marqeta: Public, US-based card-issuing API platform enabling fintechs and banks to launch and manage debit, credit, and prepaid card programs. Direct peer to Nuek's Issuing-as-a-Service on virtually identical functionality and developer-first delivery model.
- Treezor: French BaaS provider offering IBAN accounts, SEPA payments, card issuing, and KYC-as-a-Service under ACPR oversight. Comparable to Nuek's Digital Accounts (BaaS) capabilities and Europe-centric regulatory positioning.
- Stripe Issuing: Embedded card-issuing product from Stripe enabling platforms and fintechs to create physical and virtual cards. Direct peer on developer-first card issuance and BIN sponsorship model.
- Pismo: Cloud-native core banking and payments processing platform (now part of Visa) offering issuing, acquiring, and account processing APIs. Closest technology analogue to Nuek's unified issuing, acquiring, and Open Finance platform.
- Currencycloud: Visa-owned cross-border payments-as-a-service platform offering multi-currency accounts, FX, and payment initiation APIs. Comparable to Nuek's International Payments and Open Finance payment-orchestration layers, with similar target customers.
- i2c Inc. US-based agile processing and card issuing platform serving banks, fintechs, and brands across credit, debit, and prepaid. Comparable in multi-product issuance plus processing delivery to financial institutions globally.
- Galileo Financial Technologies: SoFi-owned payments platform offering card issuing, transaction processing, and digital account infrastructure to fintechs and banks. Closest analogue to Nuek's combination of issuing, acquiring, BaaS, and Open Finance on one stack.
Regional players
- dLocal: Cross-border payment processor focused on emerging markets, especially Latin America. Comparable to Nuek on LatAm payment corridors and multi-country regulatory reach, though dLocal focuses on merchant pay-in/out rather than issuing.
Broad incumbents
- Nuvei: Global payments technology provider serving merchants and platforms with acquiring, issuing, and cross-border capabilities. Strong LatAm and European overlap with Nuek, particularly on acquiring and international payments rails.
- Worldline: European payments incumbent providing merchant acquiring, card issuing, and processing services across SEPA and global networks. Overlaps Nuek's issuing, acquiring, and SEPA-anchored services at much larger scale and broader portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Nuek social profiles
Digital presenceNuek compliance and trust
Trust signalCompliance4 records
Nuek financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nuek leadership team
Management profileNumber of profiles
Profiles10 records
Nuek funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nuek 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 Nuek
What does Nuek do?
Nuek provides a unified, cloud-native, API-first payment technology platform that combines card issuance, payment acceptance (acquiring), Open Finance/Open Data, digital accounts (Banking-as-a-Service), and international payments. The platform enables financial institutions, fintechs, retailers, and enterprises to launch and operate card programs, accept payments across channels, and embed financial services through modular APIs and a No-Code Issuing tool.
Is Nuek a public or private company?
Nuek is a private company. It is classified as corporate owned and is currently operating.
When was Nuek founded?
Nuek was founded in 2025. It employs 1,001 to 5,000 people.
Where is Nuek based?
Nuek is headquartered in Alcobendas, Spain, in the Europe region.
How does Nuek make money?
Six revenue lines are on record. Card Issuing & Processing Fees are the primary driver. The others are acquiring & Merchant Services, API & Platform Licensing, banking-as-a-Service & Digital Accounts, international Payments and consulting & Advisory Services.
Who are Nuek's main competitors?
Direct peers on record are Marqeta, Treezor, Stripe Issuing, Pismo, Currencycloud, i2c Inc. and Galileo Financial Technologies. dLocal is listed as a regional player. Broad incumbents are Nuvei and Worldline.
Does Nuek have an API?
Yes. Nuek offers a public API platform through its API Explorer, enabling developers to build and automate card issuing programs, tokenization, operations management, and customer management. The platform provides APIs for: creating card products (debit, credit, prepaid), managing customers (individuals and corporations), managing contracts and cards (issuance, activation, blocking, renewal), operations (authorizations, transactions, reconciliation, statements), and token lifecycle management. Authentication uses APIKey standards with per-subscription keys. Multiple testing environments are available: Anonymous User (API documentation only), Registered User Sandbox (basic API access), Advanced Sandbox (requires KYC approval, advanced APIs), and Pre-Production environment. Documentation is available in Spanish and English. Developer documentation is at api-explorer.nuek.com.
What industry is Nuek in?
Nuek's product category is Payment Infrastructure. Its primary akta.pro industry code is BPAMAFAH, Card Issuing & Program Management Platforms, with a secondary code of BPAMAFAJ, Open Banking, Account Aggregation & Payment Initiation APIs. Its NAICS code is 52232 and its SIC code is 7374.