Better Banking & Cross-Border Payment Solutions

Introducing FinXP – what does the company offer?

FinXP is a fintech that specialises in payments & banking solutions for the iGaming and Crypto markets, among other verticals. Founded in 2014, the company is licensed as an electronic money institution by the Malta Financial Services Authority and its licence has been passported throughout the EU and EEA.

The company’s flagship product is IBAN4U, a dedicated, Euro IBAN Account that enables merchants to make and receive SEPA CT, SEPA Inst, and SEPA Direct Debit transfers. This enables clients to make a range of different types of account-to-account payments depending on their needs, including recurring payments and mass pay-outs.

Beyond SEPA, clients can also make B2B payments via SWIFT through FinXP’s transit accounts, thus opening up the possibility to make payments all around the world. We’re also launching a new cross-border payment solution. IBAN4U accounts are complimented with Mastercard Debit cards issued by FinXP itself. These cards facilitate access to the account funds while on the go and can be used as employee expense cards, or in other ways. The cards can be managed via a mobile app that allows users to keep track of transactions, freeze the card, set transaction limits and more.

The company’s flagship product is IBAN4U, a dedicated, Euro IBAN Account

How does FinXP stand out?

FinXP stands out because it can combine deep expertise in technology with long financial services experience. This powerful combination allows

FinXP to complement its off-the-shelf services with custom solutions for its enterprise customers. This provides big value because clients that have eight or nine-figure turnovers often require some element of customisation, whether this comes in the form of integrations, portals, branded cards or even newly requested product features. The talented in-house development team is constantly working on custom solutions for clients.

One example of a payment solution that may require some element of customisation is the closed-loop payment solution, which enables not just platform companies but also their users to open IBAN accounts with FinXP; so that both the merchants and users may share a common banking ecosystem and hence benefit from fast, cross-border transactions with high approval rates. This kind of solution is used by operators, exchanges and market-places that allow their users to deposit and withdraw funds. Due to the nature of such a solution, certain elements, such as the onboarding process for end users, are customised to enhance the user experience.

What new services are you launching?

FinXP is very excited to be launching a new cross-border payments service that is going to provide a faster and more affordable alternative to SWIFT by using different pay out channels (wire, payouts on cards, mobile, wallet etc). In this increasingly borderless reality, making payments to service providers, employees, partners and customers around the world has become a daily necessity. According to Mastercard’s borderless payments report 2022, 47% of small businesses are doing more international business than they were before the Covid-19 pandemic. Yet nonetheless, executing such international payments involves a slow, expensive and sometimes unpredictable process and this is the user experience that FinXP wants to change. The goal is to make international transfers as seamless as domestic ones. Through the new service, iGaming operators, affiliates and service providers will be able to make fast, account-to-account payments to the US, UK, Canada, Norway, the Philippines and several other jurisdictions at a fraction of what it costs to make the equivalent SWIFT transfer. This is going to be a game-changer for many operators, which for instance will be able to offer better account-to-account pay-out terms to their affiliates and players abroad.

How can we get in touch?

The best way to reach out to FinXP is through the contact form on the website, www.finxp.com.