FinXP is an established European payments and banking solution provider that specialises in serving niche, fast-moving industries such as the iGaming and the Digital Asset industries. The company is driving the payments transformation for several tier-1 and tier-2 corporates that are leveraging a growing ecosystem of innovative paytech solutions offered by FinXP.
Core solution
Many companies in high-risk verticals find it challenging to find reliable and experienced payment and banking partners. This is where FinXP comes in. The company offers several solutions ranging from dedicated euro IBAN accounts, card issuing, closed loop payment systems, card processing, alternative payment methods, and bespoke payment solutions combined with expert consultancy services.
Target market
Contact details
sales@finxp.com
Geographical presence
Offices in Malta, Germany, and Lithuania. FinXP is focused on the EU & EEA regions though also supports businesses from outside Europe (e.g., Israel, UAE, Canada).
Year founded
2014
Investors
Self-funded
License type
Licensed as an Electronic Money Institution by the Malta Financial Services Authority. The license is passported throughout the EU and EEA.
Member of industry association and/or initiatives
European Payments Council, SWIFT, Mastercard, FinanceMalta
Company's motto
Discover New Payment Opportunities to Strengthen Your Business
Payment Gateway
Yes
Payment Service Provider - Acquirer
Main area of focus
Specialised in payments for iGaming and crypto industries.
Online
POS/In store
Hosted pages
White-label solution
Recurring payments
Payment methods supported
Major credit cards, Sofort, Giropay, PayPal, iDEAL, CashtoCode, SEPA Direct Debit, SCT Inst, SEPA CT
Settlement currencies
All major currencies
Instant settlement
Pay-out/Disbursements
Reconciliation and reporting
B2B payments
- E-invoicing (automated)
Consolidated data and reporting dashboard
Chargeback management
Fraud and risk management partners
Lexus Nexus, WebShield, ComplyRadar, and KYCP
FX - number of currencies available
15
Virtual IBAN
Current account/settlement account
Client onboarding (KYC/KYB)
Main clients/references
Kindred Group plc, xMoney, and Megalon Group
Case studies
https://thepaypers.com/case-study/how-finxps-scalable-payment-solutions-support-xmoneys-growth--1261832
Awards
Payments Innovation of the Year Award and Best B2B Payment Platform of the Year Award – Malta Fintech & Cryptocurrency Awards 2023
Best Alternative Banking Award – Malta iGaming Excellence Awards 2021
Future developments
Faster cross-border payments with lower fees are being launched later in 2023.
Transaction volume
More information available upon request
Transaction value