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, CESOP, Verification of Payee, etc.) and solutions revolving around account aggregation and payment initiation.

Website

www.luxhub.com

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);
• The Payments Association EU;
• ETPPA (European Third Party Providers Assocation);
• Finance & Technology Luxembourg.

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

info@luxhub.com

Core solution

The company`s core solutions

• PSD2 XS2A (PSD2 compliance);
• CEDR (AMLV reporting);
• LUXHUB CESOP (CESOP compliance);
• Payee Verification Platform (Verification of Payee obligation);
• One Connect (account aggregation for financial institutions);
• One Pay (Open Banking-powered payments for all);
• One Data+ (financial data aggregation for all);
• Open Finance Platform (collaborative platform for all Open Banking/Finance initiatives).

What problem does the company solve?

Through its unique set of solutions (from compliance to financial data aggregation and more), the fintech aims at helping all companies take full advantage of arising digital opportunities and therefore provide end-customers with innovative services and intuitive experiences.

Major use cases & products

• Open Banking compliance solution destined to financial institutions.
• LUXHUB also enables bank account aggregation and payment initiation by leveraging PSD2 APIs. Trusted by 40+ ASPSPs in 10+ EU countries.

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).

Geographical coverage (operational area)

EU

Target market

Target segments/industries

Financial institutions, Payment Service Providers, banks, fintechs, insurance companies, public administrations.

Current customers (client example/names)

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

Technology

Type of technology

On-premises containerisation and orchestration.

Software language

Java, python, PHP, Scala.

Software development 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

Type of licence

• Support Professional of the Financial Sector (Luxembourg); 
• Account Information and Payment Initiation Service Provider.

Partners

Distribution channels

Our own Open Banking/Finance hub – 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

• Providing an account-to-account payment solution, from an ERP (with specific security standards and with no additional SCA), for a public administration in Luxembourg (https://luxhub.com/luxhubs-trusted-corporate-pay-named-fintech-solution-of-the-year-in-luxembourg/).
• N26 and Revolut are now available in Spuerkeess' S-Net App (https://luxhub.com/n26-and-revolut-are-now-available-in-spuerkeess-s-net-app/);
• Partnership with GIM-UEMOA to enable the development of Open Banking in West Africa (https://luxhub.com/gim-uemoa-partners-with-luxhub/).

Product roadmap

Planned features and releases/future plans

FIDA-compliant Open Finance Platform