JIK FINANCIAL LTD

What JIK FINANCIAL LTD does

Jik Financial Ltd (trading as Jikpay) is a UK-registered payment services provider operating from London and authorised by the Financial Conduct Authority under Firm Reference Number 1020409. The company operates a unified payment gateway branded PayFlow that enables businesses to accept card payments across four product surfaces: online (e-commerce checkout), in-store (NFC, EMV, mobile wallet POS), mobile (smartphone/tablet acceptance), and QR or pay-by-link (URLs and codes sent via email or SMS). The technical stack is built on Google Cloud infrastructure, with TLS 1.3 end-to-end encryption, PCI DSS Level 1 certification, 3DSecure Merchant Plug-in management, and continuous fraud monitoring. Developer enablement is provided through the JikFin SDK (multi-language), OpenAPI/Swagger-documented PayFlow API, a sandbox environment, and a self-serve developer portal.

The platform supports acceptance across 200+ countries and 110+ currencies, with fast payouts available in seven major currencies, and integrates card scheme relationships with Visa and MasterCard. GTM is hybrid: product-led growth for developers and SMBs through self-serve onboarding, an enterprise field-sales motion for bespoke merchant agreements, and an indirect channel via Independent Sales Organizations (ISOs) and Payment Service Providers (PSPs) that introduce merchants and provide their own licences, IT infrastructure, and risk services. Distribution is supplemented by organic content, developer relations, and social channels (Facebook, Instagram, LinkedIn, YouTube, X) plus a company blog and email newsletter.

Revenue is generated on a transaction-fee basis through per-merchant agreements: a Discount Rate (percentage of transaction value) plus a fixed Transaction Fee per transaction, with additional streams from chargeback and processing fees, monthly service fees, and gateway services. Pricing is not publicly disclosed and is negotiated individually per merchant agreement. No parent company, venture backing, funding rounds, headcount, revenue figures, or management team details are disclosed in available sources, which materially limits scale assessment.

Name

JIK FINANCIAL LTD

Legal name

Jik Financial Ltd

Website

https://jikpay.com

Company type

Private

Operating status

Operating

Short description

Jik Financial Ltd (Jikpay) is an FCA-authorised UK payment gateway provider enabling businesses to accept online, in-store, mobile, and QR card payments via its PayFlow platform, JikFin SDK, and ISO/PSP channel partners.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Payment Gateways & API Connectivity (FSAGABAB), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

Keywords

• Payment gateway services
• Payment processing platform
• Merchant card acceptance
• Online payment processing
• Mobile QR payments

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Processing Fees: Merchants pay a Discount Rate (percentage of transaction value) plus a fixed Transaction Fee per transaction. These fees are automatically deducted daily from the Settlement Merchant Account or Merchant Reserve Account. The fees are outlined in Schedule/Appendix 1 of the individual Merchant Agreement.
2. Gateway Services: Revenue from providing payment gateway services including authorization, processing, virtual terminals, and integration with merchant payment pages.
3. Chargeback and Processing Fees: Fees charged for chargeback management, excessive chargeback monitoring reports (CMM and ECM reports), and other processing services.
4. Monthly Service Fees: Recurring monthly fees for ongoing account maintenance and reporting services as specified in the Merchant Agreement.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

JIK Financial Ltd, trading as Jikpay, operates a UK-based payment gateway that enables merchants to accept card payments through online checkout, in-store terminals, mobile devices, and QR-code channels. The gateway is exposed via the proprietary PayFlow REST API and JikFin SDK, with supporting tools including a web-based Virtual Terminal, 3-D Secure authentication, tokenization, and automated settlement reporting. The service is delivered under FCA regulation (FRN 1020409) and PCI DSS Level 1 certification.

Product overview

Jikpay is a unified payment platform offered by Jik Financial Ltd, comprising four core payment products: Online Payments for e-commerce transactions, In-store Payments for retail POS systems, Mobile Payments for on-the-go processing, and QR/Pay-by-Link Payments for link and QR code-based transactions. These products share the underlying PayFlow payment gateway and JikFin SDK, with additional features including virtual terminal access and comprehensive fraud monitoring across all transaction types.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Payments
• In-store Payments
• Mobile Payments
• QR Payments
• PayFlow API
• JikFin SDK
• Virtual Terminal

Quantifiable outcome

• 75% of consumers prefer contactless payment options today
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core, major and supporting.

• VisacoreTechnology or IntegrationCard scheme partner enabling Visa credit, debit, and prepaid card transaction processing. Jikpay provides authorization services and card transaction processing for Visa transactions, manages Merchant Plug-in for 3DSecure e-commerce acquiring, and complies with Visa rules and regulations.
• MasterCardcoreTechnology or IntegrationCard scheme partner enabling MasterCard credit, debit, and prepaid card transaction processing. Jikpay provides authorization services and card transaction processing for MasterCard transactions with compliance to MasterCard rules and interchange fee structures.
• Google CloudcoreTechnology or IntegrationCloud infrastructure provider for Jikpay's data storage. All customer data is stored on Google Cloud servers that are continuously backed up, providing the technical foundation for the payment platform.
• Payment Service Providers (PSPs)majorChannel Partner/ Reseller/ DistributorThird-party payment service providers that introduce merchants to Jikpay and provide those merchants with payment services using their own licenses (payment accounts and payment execution), IT infrastructure for merchant connectivity to Jikpay's systems, and risk management services.
• Independent Sales Organizations (ISOs)majorChannel Partner/ Reseller/ DistributorOrganizations that introduce merchants to Jikpay, communicate with merchants on behalf of the acquirer, sell business products or services to merchants, and may acquire merchants on behalf of various types of merchant service providers.
• Trusted Data Aggregation PartnerssupportingTechnology or IntegrationLicensed Open Banking Platforms that Jikpay partners with to exchange customer data for providing payment services. Jikpay acts as Data Controller and closely controls how data is processed by these partners under strict data processing agreements.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SumUp: European SMB payments company providing card readers, in-store POS, online checkout, and QR/pay-by-link acceptance. Overlaps with Jikpay's mobile, in-store, and QR products for the same micro/SMB merchant segment.
• Checkout.com: UK-headquartered global payment gateway offering card acquiring, APMs, and fraud tools with a developer-centric API. Closest peer by geography and product scope, competing for the same UK/EU merchant base.
• Stripe: Global API-first payment gateway offering online card acceptance, in-person payments, and developer SDKs across 100+ countries. Most direct competitor to Jikpay's PayFlow API and JikFin SDK, targeting the same SMB and developer-led GTM motion.
• Adyen: Enterprise-grade unified commerce platform providing online, in-store, and mobile payment processing with multi-currency acquiring and global scheme connectivity. Directly comparable to Jikpay's omnichannel (online/in-store/mobile/QR) gateway architecture.
• Mollie: European SMB-focused payment gateway offering multi-currency card processing, QR/payment-link features, and developer-friendly APIs. Closely comparable product set and SMB GTM motion to Jikpay, especially in the UK/EU region.
• Authorize.Net: Long-standing payment gateway for SMB and mid-market merchants with hosted checkout, Virtual Terminal, and fraud tools (a Visa-owned product). Direct overlap with Jikpay's PayFlow gateway, Virtual Terminal, and 3DSecure e-commerce acquiring.

Broad incumbents

• PayPal: Global consumer and merchant payments network, including PayPal Checkout (already integrated into Jikpay's online payments). Functions as both a peer and a payment method option for merchants using Jikpay's gateway.
• Square (Block): Omnichannel commerce and payments platform with in-store POS, online checkout, mobile acceptance, and developer APIs. Comparable unified merchant offering, but with substantially greater scale, brand, and capital.
• Worldpay: Large incumbent merchant acquirer offering online, in-store, and omni-channel processing globally. Competes with Jikpay in the UK SMB and mid-market segments but with a much broader product portfolio and direct Visa/MasterCard sponsorship at scale.

Emerging players

• Razorpay: Developer-first Indian payment gateway offering online checkout, payment links/QR, and POS acceptance with multi-method support. Comparable developer-led, API-first product philosophy, though primarily serving the India market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jikpay/about

Compliance2 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 JIK FINANCIAL LTD