FINPAYTECH LTD

What FINPAYTECH LTD does

FinPayTech Ltd is a UK-incorporated payment services provider (company number 08659844, registered in England and Wales) operating as an FCA-registered Small Electronic Money Institution under Firm Reference Number 900144. Its core offering is the FinPayTech Payment Platform, a cloud-ready multicurrency account system supporting 100+ currencies, UK Faster Payments, SEPA transfers, physical and virtual Visa debit cards, and currency exchange. The platform is B2B-oriented, serving UK-registered companies and sole traders with multi-signature, multi-Authorised User corporate access and developer-friendly APIs. EEA coverage is delivered through a white-label partnership with Belmoney S.A., a PSD2-authorized Belgian payment institution, rather than a direct EU license. The company generates revenue primarily via transaction-based fees (FX markup, remittance fees, card services) supplemented by recurring account maintenance and additional services fees, with plan-based pricing that is not publicly disclosed.

The consumer-facing surface is the EMAAL mobile application (iOS and Android, 40,000+ downloads), launched in November 2025 and operated under FinPayTech's FCA authorization. EMAAL provides remittance services from the UK and Europe to African corridors — initially Uganda, with Ethiopia added in February 2026 and Kenya in June 2026 — via M-Pesa, bank transfer, and cash payout methods. The app has progressively evolved into a multi-currency banking product with biometric authentication, eKYC, and GBP/USD/EUR wallet functionality. Across both the B2B platform and EMAAL, the company reports 30,000+ active customers, £32.7M+ in cumulative transaction volume, and a 99.9% payment success rate. The business model is a hybrid of transactional (FX/transfer markups, card interchange) and recurring (account maintenance, e-money issuance) revenue, with pricing tiered by client plan and business profile.

Name

FINPAYTECH LTD

Legal name

FinPayTech Ltd

Website

https://finpaytech.co

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

FinPayTech Ltd is a UK FCA-regulated Small Electronic Money Institution operating the FinPayTech multicurrency payment platform for UK businesses and the EMAAL mobile app for diaspora remittances to African corridors including Kenya, Ethiopia, and Uganda.

Ownership category

akta.pro rank

Product category

Payment Services

NAICS

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

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

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

akta.pro secondary industries

Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Multicurrency payment accounts
• Uk payment services
• International money remittance
• Visa debit cards
• Currency exchange services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. E-money Issuance: Electronic money issuance services for multicurrency payment accounts. Funds are held on safeguarding accounts until transaction execution.
2. Money Remittance: UK payment services and local transfers for individuals and businesses, including Faster Payments, SEPA transfers, and international remittance to African corridors.
3. Currency Exchange: Currency exchange services with markup applied to exchange rates. Conversion rates can change without additional agreement with clients. Standard conversion within 2 working days, preferred rates within 5 working days.
4. Account Maintenance Fees: Monthly maintenance fees and inactivity fees for FinPayTech accounts. Fees differ based on plan chosen and business profile.
5. Card Services: Visa debit card issuance (physical and virtual) with high spending and withdrawal limits for UK customers.
6. Foreign Currency Exchange Markup: Foreign currency exchange markup applied to transactions when currency conversion is performed.
7. Additional Services: Fees for additional Authorised Users registration, account closure with delayed fund removal, and deficit recovery.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core offering

FinPayTech Ltd operates as an FCA-authorized Small Electronic Money Institution providing multicurrency payment accounts, local UK payment services, Visa debit cards, and currency exchange for UK-registered businesses and individuals. The company delivers these services through the FinPayTech Payment Platform (web) and the EMAAL mobile app, the latter targeting diaspora customers sending remittances from the UK and Europe to African corridors (Kenya, Ethiopia, Uganda) via M-Pesa, bank transfers, and cash pickup. EEA services are powered through a white-label partnership with Belmoney S.A.

Product overview

FinPayTech Ltd operates as a unified financial services platform centered on the FinPayTech Payment Platform — a multicurrency payment account for UK businesses and individuals. The platform provides a comprehensive suite of payment services including Local UK Payments (B2B and B2I), Visa Debit Cards (physical and virtual), and Currency Exchange (100+ currencies). The company also offers the EMAAL mobile app (iOS/Android) as its consumer-facing remittance and banking product, enabling international money transfers from the UK/Europe to African countries via M-Pesa, bank transfers, and cash pickup. A separate Acquiring Services module enables merchants to accept card payments. FinPayTech is FCA-authorized as a Small Electronic Money Institution (FRN 900144), with EEA services provided through white-label partner Belmoney S.A.

Differentiator

Problem solved

Functional benefit

Products and services

• FinPayTech Account A multicurrency payment account held by FinPayTech for UK-registered businesses, sole traders, and individuals, enabling e-money issuance, money remittance, fund placement and receiving, fund withdrawal, and currency exchange across 100+ currencies.
• FinPayTech Payment Platform Web-based multicurrency payment platform that enables UK businesses and individuals to execute payment transactions, manage currency exchanges, and access payment services. Supports multi-signature and multiple Authorised Users for corporate accounts, with developer-friendly APIs for business integration.
• EMAAL Mobile App A mobile banking and remittance application available on iOS and Android. Enables consumers to send money internationally from the UK and Europe to African countries (Kenya, Ethiopia, Uganda) via M-Pesa, bank transfers, and cash pickup. Supports multi-currency accounts with GBP, USD, and EUR.
• Visa Debit Cards Physical and virtual Visa debit cards issued to FinPayTech account holders with high spending and withdrawal limits. Available as physical cards or instant virtual cards.
• Local UK Payments Fast, reliable, and cost-effective local UK payment services for business-to-business and business-to-individual transactions exclusively within the UK, supporting Faster Payments and SEPA transfers.
• Currency Exchange Currency conversion service allowing users to exchange between 100+ supported currencies with competitive exchange rates. Standard conversion rate execution within 2 working days; better rate option within 5 working days.
• Acquiring Services Card acceptance services allowing merchants to accept card payments. Subject to a separate Application Form and Terms & Conditions Acquiring Services agreement.

Quantifiable outcome

• 99.9% transaction success rate
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

One partnership is on record.

• Belmoney S.A.coreOEM/ Whitelabel/ Licensing PartnerFinPayTech's payment services in the European Economic Area (EEA) are provided through a white-label partnership with Belmoney S.A., a licensed and supervised payment institution under the National Bank of Belgium (company number 0540.745.997). Belmoney holds passport rights to operate in all EEA countries in accordance with PSD2 (Directive (EU) 2015/2366). All payments in the EEA are powered and processed by Belmoney in accordance with Belgian and European law.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wise: Wise is the leading UK-based multi-currency account and cross-border payments platform. It directly competes with FinPayTech's core e-money account, multi-currency, and remittance offering, and serves a comparable UK and European customer base.
• Zepz (WorldRemit / Sendwave): ZepZ operates WorldRemit and Sendwave, two of the largest digital remittance brands with extensive mobile money (including M-Pesa) and African corridor coverage. It is a direct competitor in the same UK-to-Africa remittance segments FinPayTech targets.
• Remitly: Remitly is a US-listed remittance specialist with strong mobile app distribution and Africa corridor coverage. It competes head-to-head with the EMAAL app for diaspora customers sending money to Kenya, Ethiopia, and Uganda.
• Monese: Monese is a UK-based mobile-first multi-currency account provider and FCA-regulated e-money institution serving individuals and businesses. It is directly comparable to FinPayTech's UK EMI model, multi-currency account, and B2B/B2C platform approach.
• Taptap Send: Taptap Send is a mobile-first remittance app focused on corridors to Africa and other emerging markets. It directly competes with EMAAL for UK and European diaspora customers sending money to mobile money wallets in Kenya, Ethiopia, and Uganda.
• LemFi: LemFi is an emerging remittance player specializing in African and other emerging-market corridors from the UK, Europe, and North America. It targets the same diaspora customer base as EMAAL with a mobile-first remittance product.

Broad incumbents

• Revolut: Revolut is a large UK-headquartered digital bank offering multi-currency accounts, cards, and remittance. It is a broad incumbent that overlaps with FinPayTech's multi-currency, card, and cross-border payment capabilities, but across a much wider consumer product suite.
• Currencycloud: Currencycloud is a Visa-owned cross-border payments infrastructure provider offering multi-currency accounts and FX APIs. It competes in the same cross-border, multi-currency, and developer-API space that FinPayTech targets with its Payment Platform.
• Starling Bank: Starling Bank is a UK challenger bank with comprehensive B2B and B2C payment accounts. It competes with FinPayTech's UK business and individual account offering, but as a fully chartered bank with a much broader product set.

Emerging players

• RemitOne / PaySend: PaySend (RemitOne) is a UK-based cross-border payments network with global remittance reach, including Africa and EEA corridors. It overlaps with FinPayTech on UK and EEA remittance positioning, though it operates more as a payments network than a consumer-first EMI.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/finpaytech

Compliance3 records

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 FINPAYTECH LTD