LUXHUB is a fintech from Luxembourg, born in the wake of PSD2. It has evolved into a leading Open Finance player and a connectivity and mutualisation expert.
LUXHUB provides compliance services (PSD2 XS2A, CEDR, CESOP, and IBAN-name check) and solutions revolving around account aggregation and payment initiation.

Active since

2018

Head office

Strassen, Luxembourg

Country offices

in Luxembourg

Founder(s)

BGL BNP Paribas, POST, Raiffeisen, Spuerkeess

Funding rounds and investors

Initial funding of EUR 4 million.
In early May 2020, LUXHUB announced an additional EUR 7.4 million investment from its founder banks.

Number of employees

35

Member of industry association and/or initiatives

• ABBL (Luxembourg Banker's Association)
• LHoFT (Luxembourg House of Financial Technology) 
• Fintech Belgium
• ETPPA (European Third Party Providers Association) 
• Finance & Technology Luxembourg 
• Open Wealth Association, etc.

Awards

• Luxembourg Startup of the year 2019
• Luxembourg Startup of the year 2020
• Regtech100 2020 & 2022
• Fintech Solution of the Year (Luxembourg 2022)"

Contact

+352 28 80 76

Core solution

The company`s core solutions

PSD2 XS2A, CEDR (AMLV reporting), CESOP, Open Finance Hub, One Pay, One Data+, One Connect

What problem does the company solve?

Through its unique set of solutions (from compliance to financial data aggregation and more), the fintech aims to help all companies take full advantage of rising digital opportunities and therefore provide end-customers with innovative services and intuitive experiences.
Major use cases & products "Open Banking compliance platform destined for financial institutions.
LUXHUB also enables bank account aggregation and payment initiation by leveraging PSD2 APIs.

Competitive advantage

Secure and single platform for all Open Finance initiatives - leading and compliant hub - value-added services and additional compliance service: one-stop-shop for digital finance services
Types of supported APIs\API standard supported "• Regulatory APIs (PSD2 - STET and Berlin Group, CEDR);
• Partner APIs (exposed for business partners via a subscription model);
• Private APIs (exposed for restricted consumers);
• Public APIs (widely available APIs, usually royalty-free)."
Do you have a fallback mechanism for PSD2`s API? No, we rely exclusively on PSD2 APIs

Geographical coverage

Europe

Connected banks

60+ 

What account type do you serve?

Payments accounts held by natural or legal persons

Do you offer a developer portal? 
What tooling do you provide for developers?
Do you provide sandboxes and a testing environment?

Marketplace.luxhub.com

• complete management of APIs including catalog of products
• including documentation & credentials management
• operationalisation of financial data-sharing schemes
• 24/7 monitoring & maintenance of infrastructure
• several tech environments: sandbox, testing, integration, production
• API helpdesk
• authentication & authorisation of API consumers, etc.

Target market

Target segments/industries

Financial institutions, Banks, Fintechs, Insurance companies, Public administrations

Current customers

80+
SEB, SWISSQUOTE, BALOISE ASSURANCE, BGL BNP PARIBAS, BANQUE DE LUXEMBOURG, SPUERKEESS, BANCO SANTANDER, etc."

Technology

Type of technology used

On prem containerisation and orchestration

Software language

Java, python, PHP, Scala

Software developement tools

Axway API Management, Spring Boot, Spring Cloud, Gatling, Kubernetes, Istio, Hashicorp Vault, ELK stack, Jaeger, Prometheus, Keycloak, VueJS, Reddis, Strapi

When was the core technology developed

2018

Licencing

Supported licences

• Support Professional of the financial sector (Luxembourg) 
• Account Information and Payment Initiation Service Provider

Partners

Distribution channels

Our own Marketplace

Business model

Pricing model

For more details, please contact our sales team

Revenue streams

For more details, please contact our sales team

Business strategy resources

For more details, please contact our sales team

Case studies

Case studies – examples

• bLink platform developed for SIX, for the development of Open Banking in Switzerland 
• Providing account-to-account payment solution, from an ERP (with specific security standards and with no additional SCA), for a public administration in Luxembourg 
• Partnership with GIM-UEMOA to enable the development of Open Banking in West Africa 

Product roadmap

Planned features and releases

• Account Verification Platform (IBAN name check)
• Open Finance Platform