What EPN does

EPN, operated by Digital Waves LTD. and incorporated in Seychelles, is a virtual card issuance platform purpose-built for digital advertisers, media buyers, and affiliates who need reliable payment instruments for online advertising and subscription services. The platform issues Visa and Mastercard virtual debit cards backed by 36+ partner banks across the US, Europe, and Latin America, providing 102+ Bank Identification Numbers (BINs) to maximize acceptance across advertising networks such as Google Ads, Meta, TikTok, and Taboola, as well as subscription services including streaming, AI/SaaS, travel, and gaming platforms. The technology stack includes 3D Secure authentication, a BIN Selection Tool that surfaces platform-specific acceptance rates, and native applications on iOS, Google Play, and Huawei AppGallery, plus a Telegram bot for account operations.

EPN's business model is built on a tiered, usage-based fee structure. Users progress through five cumulative-spend tiers (Standard, Silver, Gold, Platinum, Black) crossing thresholds from registration to $100,000, with top-up commissions descending from 6.7% to 3% and monthly card maintenance fees falling from $4 to $2. Additional revenue is captured through per-card issuance fees (starting at $2) and a 5% withdrawal commission. The go-to-market is fully self-serve and product-led, with no disclosed sales force or enterprise contract motion; onboarding is digital, KYC-gated, and supported 24/7 across Telegram, WhatsApp, WeChat, and live chat.

The company is privately held and bootstrapped, with no disclosed funding rounds, parent company, or institutional investors in the source materials. It maintains an explicit geographic exclusion list spanning the United States and 26 additional sanctioned or high-risk jurisdictions, positioning itself as an offshore issuer serving global media buyers and digital service subscribers outside regulated Western markets.

Name

EPN

Legal name

Digital Waves LTD.

Website

https://e.pn

Company type

Private

Founded year

2022

Operating status

Operating

Short description

EPN is a Seychelles-incorporated virtual card issuer (Digital Waves LTD.) serving digital advertisers, media buyers, and affiliates globally with Visa and Mastercard cards backed by 36+ banks and 102+ BINs, monetizing via tiered top-up commissions of 3% to 6.7%.

Ownership category

akta.pro rank

Product category

Virtual Card Payment Services

SIC

Finance Services (6199)

akta.pro primary industry

Virtual Prepaid & Single-Use / Tokenized Cards (FSAMANAJ)

akta.pro secondary industry

Virtual Card & Tokenization Schemes (FSAMAAAG)

Keywords

• Virtual card payments
• Advertising payment cards
• Virtual debit cards
• Media buyer payments
• Affiliate payment cards

Headquarters

HQ city

Mahé

HQ country

Seychelles

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Card Issuance Fees: One-time fee for issuing virtual cards, starting from $2 per card
2. Card Maintenance Fees: Monthly subscription fees ranging from $2 to $4 per month depending on card grade
3. Card Top-up Commission: Commission charged on card reloads ranging from 3% to 6.7% depending on user's grade level (Standard 6.7%, Silver 6%, Gold 5%, Platinum 4%, Black 3%)
4. Withdrawal Fees: 5% commission on withdrawals from service, with minimum withdrawal of $100. Deposits can be withdrawn within 30 days of deposit date.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

EPN issues virtual Visa and Mastercard debit cards designed primarily for paying digital advertising platforms (Google Ads, TikTok Ads, Facebook/Meta Ads, Taboola) and online subscriptions. Cards are backed by 102+ BINs from 36+ issuing banks across the US, Europe, and Latin America, with 3D Secure authentication. Service is sold on a tiered subscription model (Standard, Silver, Gold, Platinum, Black) with commission rates from 6.7% down to 3% based on cumulative spend, plus a companion mobile app for iOS, Android, and Huawei AppGallery.

Product overview

EPN is a virtual card service for advertising payments, offering a unified platform with tiered virtual debit cards (Visa and Mastercard). The core product is the Virtual Card Service, which includes a mobile app for card management, a Telegram bot for support, and a BIN selection tool. Cards are available in five tiers (Standard, Silver, Gold, Platinum, Black) with fees decreasing from 6.7% to 3% based on spending volume. The service supports over 36 banks and 102 BINs from US, Europe, and Latin America, with 3D Secure authentication for advertising platforms, subscriptions, and online services.

Differentiator

Problem solved

Functional benefit

Products and services

• Virtual Card Service Instant-issue virtual Visa and Mastercard debit cards for advertising payments, subscription payments, and online services. Supports 102+ BINs from US, European, and Latin American banks with 3D Secure authentication. Designed for individual advertisers, affiliates, and media buyers paying digital ad platforms such as Google Ads, TikTok Ads, Facebook/Meta Ads, and Taboola, as well as services like Netflix, Spotify, Booking, Airbnb, ChatGPT, Midjourney, Steam, and Perplexity.
• e.PN Mobile App Native mobile application for iOS (App Store), Android (Google Play), and Huawei AppGallery that lets users receive transaction notifications, complete 3DS verification, and manage accounts, cards, and team settings for the Virtual Card Service.

Quantifiable outcome

• Commission rates as low as 3% for high-volume users (Black grade with $100,000+ spend)
• +2 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Digital Waves LTD.coreOthersLegal trading entity of EPN. Digital Waves LTD. is incorporated in Seychelles and serves as the registered company behind the EPN virtual card service.
• VisacoreTechnology or IntegrationPayment network partner enabling virtual card issuance. EPN issues Visa virtual cards accepted globally for advertising and subscription payments.
• MastercardcoreTechnology or IntegrationPayment network partner for virtual card issuance. EPN issues Mastercard virtual cards alongside Visa cards.
• 36+ Issuing BankscoreTechnology or IntegrationBanking partners from US, Europe, and Latin America providing 102+ BINs for virtual card issuance. Banks are regularly updated to maintain stable operation of virtual cards.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Capitalist: Capitalist provides virtual and physical cards primarily for online payments and advertising, targeting affiliate marketers and media buyers across Eastern Europe and CIS markets. It competes directly with EPN in the virtual card-for-advertising niche.
• PST.net: PST.net offers virtual cards specifically designed for paying digital advertising platforms like Facebook, Google, and TikTok. It is the closest direct competitor to EPN, serving affiliate marketers and media buyers with multi-bank virtual card issuance.
• Volet (formerly Advcash): Volet is a multi-currency payment platform offering virtual Visa cards for online payments, including advertising. It targets a similar demographic of digital advertisers and online freelancers with comparable fee structures.
• LinkMyCard: LinkMyCard provides virtual cards with multiple BIN options aimed at advertisers who need diverse card sources for ad platform payments. It overlaps with EPN's multi-BIN strategy for the advertising vertical.
• FlexCard: FlexCard issues virtual Visa and Mastercard cards specifically for advertising payments on platforms like Facebook and Google. It directly competes with EPN in serving media buyers who need reliable card acceptance on ad platforms.

Broad incumbents

• Payoneer: Payoneer is a global payments platform offering virtual cards and multi-currency accounts commonly used by freelancers, advertisers, and affiliate marketers. It competes in adjacent territory to EPN with broader cross-border payment capabilities.
• Wise Business: Wise Business provides multi-currency accounts and cards used by digital businesses for international payments including advertising. While not advertising-focused, it competes for the same cross-border virtual card use cases EPN serves.
• Revolut Business: Revolut Business offers multi-currency business accounts and virtual/physical cards used by advertisers and agencies for ad payments. As a broad incumbent, it provides similar card functionality but as part of a much wider banking product portfolio.

Emerging players

• Pyyx: Pyyx provides virtual card solutions for online advertising and digital subscriptions. It is an emerging competitor in the virtual card space serving similar advertiser and SaaS subscriber segments as EPN.
• Kaminari: Kaminari offers virtual cards with focus on media buying and digital advertising use cases. As an emerging player, it targets similar advertisers but with a more limited bank network than EPN.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

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 EPN