Tppay Srl
TPPay is an Italian IMEL-licensed Banking-as-a-Service provider regulated by Banca d'Italia, enabling businesses to launch white-label payment accounts, VISA co-branded cards, and closed-loop payments via API without obtaining their own license.
- Company typePrivate
- Founded2022
- HeadquartersMilan, Italy
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Tppay Srl does
TPPay S.p.A. (formerly Tppay Srl) is an Italian Electronic Money Institution (IMEL) regulated by Banca d'Italia and registered as IMEL #27, operating as the first IMEL-as-a-Service provider in Italy. The company enables businesses to launch white-label financial services—including payment accounts (conti di pagamento), co-branded VISA debit and prepaid cards, payment processing, and pagoPA public administration payments—through fully customizable API integrations, removing the need for partners to obtain their own regulatory license. Its technology stack includes digital KYC onboarding with biometric liveness detection, AI-powered OCR, fraud detection and AML analytics, advanced electronic signature (FEA), and closed-loop payment systems that reduce acquiring costs for internal transactions.
TPPay generates revenue through a combination of recurring IMEL-as-a-Service licensing fees, per-transaction payment processing fees, card issuance economics enabled by its VISA Principal Member status (granted in 2024), and pagoPA integration service fees. The company operates a B2B2C embedded-finance distribution model, serving partners across utilities/telco, energy/fuel, insurance, retail, tourism, gaming, automotive/mobility, crowdfunding/fintech, and public administration sectors. Named partners include Young Platform (crypto exchange), UniPoste (postal/financial services, via the UniPostePay co-brand), Recrowd (real estate crowdfunding), Enerwu (utilities/welfare), Sekurest, Sportpay, Profit Farm, Urban Deal, Wisemoon, and Giropay. Pricing is not publicly disclosed and is negotiated contract-by-contract.
TPPay was initiated in 2022 as a new business line within Gruppo TAS, an Italian ICT group with over 40 years of payment technology heritage serving major European banks. TPPay obtained its IMEL license in August 2023, secured VISA Principal Membership in 2024, and on July 1, 2026 converted from S.r.l. to S.p.A. while doubling share capital from €500,000 to €1,000,000. The company remains under the direction and coordination of White Gate S.r.l., its sole shareholder. Revenue, headcount, and external funding rounds are not disclosed in the source material.
Tppay Srl firmographics
Firmographics- Name
- Tppay Srl
- Legal name
- TPPay S.p.A con socio unico
- Website
- https://tppay.it
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TPPay is an Italian IMEL-licensed Banking-as-a-Service provider regulated by Banca d'Italia, enabling businesses to launch white-label payment accounts, VISA co-branded cards, and closed-loop payments via API without obtaining their own license.
- Ownership category
- akta.pro rank
Tppay Srl industry classification
Industry- Product category
- Embedded Finance / Banking-as-a-Service
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Tppay Srl is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
Tppay Srl business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- IMEL-as-a-Service / BaaS Licensing: TPPay provides Electronic Money Institution infrastructure as a service, enabling partners to offer payment accounts, cards, and services without obtaining their own regulatory license. Revenue is generated through licensing fees for API access and service usage.
- Transaction and Payment Processing Fees: Revenue from processing payments including closed-loop transactions, acquiring cost reduction, and payment reconciliation services. The closed-loop model reduces transaction commissions for partners.
- White-Label Card Issuance: Revenue from co-branded VISA debit and prepaid card issuance services offered through the Principal Member partnership with VISA.
- pagoPA Integration Services: Fees for integrating and managing pagoPA public administration payment transactions on behalf of partners operating in sectors where these payments are part of core business.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Tppay Srl product offering
Product offeringCore offering
TPPay is an IMEL-as-a-Service provider licensed by Banca d'Italia (IMEL #27) that enables businesses to launch white-label payment accounts, co-branded Visa debit and prepaid cards, and payment processing via customizable APIs, without obtaining their own electronic money institution license. The platform also includes pagoPA public administration payment integration, AI-powered digital KYC onboarding, and advanced electronic signature (FEA) services.
Product overview
TPPay is an Electronic Money Institution (IMEL) licensed by Bank of Italy offering an 'IMEL-as-a-Service' platform that enables companies to launch financial and payment services through API integrations. The core platform provides three main product lines: (1) Conti di Pagamento - white-label payment accounts/wallets for closed-loop payment systems, (2) Carte - Visa co-branded debit and prepaid cards, and (3) Pagamenti - payment collection and sending with automatic reconciliation. TPPay operates across three business lines: IMEL-as-a-Service for companies wanting to offer accounts and cards via white-label APIs, Fintech for crowdfunding platforms and marketplaces, and pagoPA for public administration payments. Additional products include digital KYC onboarding, advanced electronic signature (FEA), and white-label offerings for partners such as Sekurest, Recrowd, Sportpay, Profit Farm, Urban Deal, Giropay, Wisemoon, Young Platform, and UniPostePay.
Differentiator
Problem solved
Functional benefit
Brands
- UniPostePay: Payment account and debit card offering developed in partnership with UniPoste for consumers and SMEs
Products and services
- IMEL-as-a-Service Core offering enabling companies to launch payment services (accounts, cards, payments) through white-label API integrations without needing their own IMEL license. TPPay handles the technological and regulatory management of electronic money for partner businesses.
- Conti di Pagamento (Payment Accounts) 100% white-label payment wallet for creating closed-loop collection systems, enabling users to send and receive payments efficiently. Targeted at partner businesses that want to offer branded payment accounts to their customers.
- Carte (Co-branded Visa Debit and Prepaid Cards) VISA co-branded debit and prepaid cards, fully customizable with the visual identity of partner companies. Offered as part of the IMEL-as-a-Service platform to enterprise partners that want to issue branded cards without becoming a card issuer themselves.
- Pagamenti (Payment Processing) Automatic payment collection and sending with facilitated reconciliation. The closed-loop system reduces acquiring commissions to maximize earnings. Targeted at partner businesses that need integrated payment processing.
- pagoPA Integration Integration with the Italian public administration payment platform pagoPA, enabling payments to public entities, utilities, and government services with secure and transparent transaction management and full financial flow traceability.
- Firma Elettronica Avanzata (Advanced Electronic Signature) Qualified advanced electronic signature (FEA) service offered by TPPay for secure document signing, including supporting terms and conditions and technical manual documentation. Targeted at partners needing compliant digital signing for their onboarding and contractual flows.
- KYC Digital Onboarding Digital Know Your Customer (KYC) service leveraging certified digital identities (SPID, CIE), AI-powered OCR, biometric verification, and automated background checks for regulatory compliance. Designed to reduce KYC process time from days to under 5 minutes.
Quantifiable outcome
- Closed-loop payments can eliminate acquiring fees for internal transactions
- +2 more outcomes
Companies that use Tppay Srl
Customer profileNamed customers10 records
Segments9 records
Ideal customer profiles3 records
Tppay Srl technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability7 records
Feature8 records
Tppay Srl partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Young PlatformcoreStrategic partnership to integrate TPPay financial services (accounts and cards) directly into the Young Platform cryptocurrency exchange application. The integration enables Young Platform users to access traditional financial services alongside crypto services, creating a unified TradFi and DeFi experience within a single platform.
- EnerwucorePartnership to digitalize utility bill payments using corporate welfare credits through a white-label digital wallet. Enerwu's platform enables users to pay bills using both personal funds and allocated welfare benefits, with TPPay providing IMEL-as-a-Service infrastructure.
- UniPostecorePartnership for digital evolution of financial and postal services through UniPostePay, offering payment accounts and debit cards for both consumers and SMEs through a new proprietary app integrating traditional postal services with modern financial functionalities.
- RecrowdcoreBanking-as-a-Service partnership enabling Recrowd (leading Italian real estate crowdfunding platform) to offer payment accounts with Italian IBAN to investors. This transforms Recrowd into a complete financial ecosystem with direct control over cash flows for financed operations.
- VISAcoreTPPay is a VISA Principal Member enabling the issuance of co-branded debit and prepaid cards. Partners can offer fully customizable cards with their own visual brand identity, powered by TPPay's IMEL infrastructure.
- pagoPAcoreTPPay provides complete PagoPA integration for partners, managing the entire payment process from submission to the PagoPA node to financial flow management to beneficiaries, ensuring security, confidentiality, and traceability.
- ItaliaFintechminorActive member of ItaliaFintech, the Italian fintech industry association that promotes innovation and credibility in the Italian fintech ecosystem.
- TAS GroupcoreTPPay is a company under the direction and coordination of TAS Group (White Gate S.r.l.), a historic Italian ICT company providing payment systems, card management, and financial market solutions to major Italian and European banks for over 40 years.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Tppay Srl competitors and assessment
Company assessmentDirect peers
- Fabrick: Italian open banking and BaaS ecosystem enabling businesses to integrate financial services via APIs. Directly competes with TPPay in the Italian embedded finance space with comparable API-first infrastructure and PSD2 alignment.
- Solaris SE: Berlin-based regulated banking-as-a-service platform offering IBAN accounts, card issuance, and payment APIs. Operates as a European IMEL equivalent to TPPay's Banca d'Italia-licensed infrastructure, serving similar digital platform clients.
- Treezor: French electronic money institution (EMI) providing banking-as-a-service infrastructure similar to TPPay's IMEL-as-a-Service model. Both offer regulated payment accounts, card issuance, and white-label APIs to platform partners.
- Swan: French embedded finance platform providing banking-as-a-service APIs including accounts, cards, and payments. Comparable to TPPay in targeting platform businesses seeking regulated payment infrastructure without their own license.
Broad incumbents
- Adyen: Global payments platform offering unified payment processing, card issuance, and embedded financial services. Overlaps with TPPay in payment processing and card issuance, though Adyen targets larger enterprises with broader geographic reach.
- Stripe: Global payment infrastructure giant whose Stripe Connect product offers embedded financial services APIs comparable to TPPay's offering. While not a licensed IMEL, Stripe competes for the same platform customers seeking payment and account services.
- Nexi: Italian payments incumbent providing payment processing, card issuing, and digital banking solutions. Competes with TPPay in Italian payment infrastructure though Nexi serves larger enterprises with a broader product portfolio.
Regional players
- Satispay: Italian mobile payment network operating a closed-loop payment system similar to TPPay's closed-loop value proposition. Operates in the same Italian market with overlapping merchant payment use cases, though Satispay is consumer-facing rather than B2B BaaS.
Emerging players
- Modulr: UK-based payments-as-a-service provider offering accounts, payments, and card services via APIs. Comparable to TPPay in providing regulated payment infrastructure to platforms, though focused on the UK market.
- Wallester: Estonian BaaS provider offering white-label card issuance and payment accounts, holding a Visa Principal license similar to TPPay. Comparable in targeting platform businesses seeking embedded financial services with Visa card capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Tppay Srl social profiles
Digital presenceTppay Srl compliance and trust
Trust signalCompliance5 records
Tppay Srl financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tppay Srl leadership team
Management profileNumber of profiles
Profiles7 records
Tppay Srl funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tppay Srl 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 Tppay Srl
What does Tppay Srl do?
TPPay is an IMEL-as-a-Service provider licensed by Banca d'Italia (IMEL #27) that enables businesses to launch white-label payment accounts, co-branded Visa debit and prepaid cards, and payment processing via customizable APIs, without obtaining their own electronic money institution license. The platform also includes pagoPA public administration payment integration, AI-powered digital KYC onboarding, and advanced electronic signature (FEA) services.
Is Tppay Srl a public or private company?
Tppay Srl is a private company. It is classified as corporate owned and is currently operating.
When was Tppay Srl founded?
Tppay Srl was founded in 2022. It employs 11 to 50 people.
Where is Tppay Srl based?
Tppay Srl is headquartered in Milan, Italy, in the Europe region.
How does Tppay Srl make money?
Four revenue lines are on record. IMEL-as-a-Service / BaaS Licensing is the primary driver. The others are transaction and Payment Processing Fees, white-Label Card Issuance and pagoPA Integration Services.
Who are Tppay Srl's main competitors?
Direct peers on record are Fabrick, Solaris SE, Treezor and Swan. Broad incumbents are Adyen, Stripe and Nexi. Satispay is listed as a regional player. Emerging players are Modulr and Wallester.
Does Tppay Srl have an API?
Yes. TPPay offers API integration for embedding banking services (accounts, cards, payments) into business workflows. The APIs are fully customizable and white-label. APIs support: payment accounts (conti di pagamento) for closed-loop systems, VISA debit and prepaid cards in co-branding, payment collection and sending, and pagoPA integration for public administration payments.
What industry is Tppay Srl in?
Tppay Srl's product category is Embedded Finance / Banking-as-a-Service. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure.