Company Database - ISX Financial

ISX Financial is a 'banktech' company that leverages its own technology to provide financial services to businesses and legal payment services users across the EEA and the UK. The company's combined payments stack and infrastructure provide a complete end-to-end transactional banking, FX, remittance, account issuing, card issuing, and payment processing capability.

Website

https://www.isx.financial/

Active since

2015 – the year of incorporation in the EU

Head office

Nicosia, Cyprus

Country offices in

Australia, Cyprus, Israel, Lithuania, Malta, Netherlands, UK, USA.

Founder

Nikogiannis Karantzis

Funding rounds and investors

Public non-listed company (10,293 shareholders).

Number of employees

200

Member of industry association and/or initiatives

  • EPSM; 
  • ECSG board member.

Contact

Sales@isxfinancial.com

+35722015740

Core solution

The company`s core solutions

Integrated A2A payments, complete with an account servicing ecosystem for transactional UK and EU bank accounts, settlement receipt into own named accounts in 23 currencies, SWIFT, SEPA and FPS processing, API-based notifications, refund management, card processing, and card issuing.

What problem does the company solve?

We provide businesses with a complete banktech ecosystem, leveraging our expertise in Banktech and Regtech to offer instant Open Banking payments to a named settlement account in various currencies, and a secure end-to-end API notification system that notifies the merchant that payment was both sent and received.  

Competitive advantage

Our in-house built technology ensures secure and efficient banking services without the need for third-party providers, while our client funds are held directly with central banks and partners including Goldman Sachs, State Street, guaranteeing safety and remaining untouched. We also provide a comprehensive suite of banktech solutions, from KYC services, payments to corporate accounts and instant mass transfers. 

Types of supported APIs\API standard supported

ISO20022

Geographical coverage (operational area)

EU and UK.

Number of total end users

Processing on behalf of 3 million users per month.

Target market

Target segments/industries

Merchants (iGaming, high-risk, Forex, ecommerce, retail).

Technology

Type of technology

Hybrid

Software language

Java and C#.

Software development tools

Atlassian

When was the core technology developed

2010

Licencing

Type of licence

ISX Financial EU PLC is authorised by the Central Bank of Cyprus #115.1.3.17 as an EEA AEMI (Authorised Electronic Money Institution) and the UK's FCA FRN 900871. ISX Financial UK Ltd, trading as Flykk, ISX Money, and ISXPay, is a FCA UK AEMI (Authorised Electronic Money Institution) FRN 901034.

Partners

Technology partners

Direct

Distribution channels

Direct

Business model

Pricing model

Variable pricing.

Revenue streams

% of incoming transactional volume.

Product roadmap

Planned features and releases/future plans

Further currencies and territories to be integrated into PaidBy®, with cross currency support.


Contact ISX Financial

+35722015740
Nicosia https://www.isx.financial/
Sales@isxfinancial.com
Cyprus