“Can a dual UK/EU-licensed EMI become the default embedded-finance and card-issuing platform for European B2B fintech use cases?”
Andaria was founded in 2020 as a dual-licensed EMI (Malta MFSA + UK FCA) targeting B2B multi-currency accounts and embedded payments. It has since expanded into card-programme BIN sponsorship across Visa/Mastercard/Discover and added embedded crypto capabilities through a YouHodler partnership, positioning itself as a one-stop licensed infrastructure provider for fintechs, insurers, iGaming operators and crypto businesses across the UK and EU.
Andaria discloses Andaria Financial Services (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Andaria does not disclose a bank charter of its own; its banking services are provided through Andaria Financial Services (in-house).
Andaria processes payments through Andaria Payments (self-operated).
Andaria's cards are issued through Andaria (in-house, principal member of Visa/Mastercard/Discover).
Andaria uses Andaria (in-house multi-currency / global payments) for FX and cross-border payouts.
Andaria's crypto products run on YouHodler.
The Embedded Finance Index 2026 maps 5 layers in Andaria's stack: Payments / PSP (Andaria Payments (self-operated)); Banking / BaaS (Andaria Financial Services (in-house)); Card issuing (Andaria (in-house, principal member of Visa/Mastercard/Discover)); FX & payouts (Andaria (in-house multi-currency / global payments)); Crypto (YouHodler).
Andaria was founded by Patrick Seguev and Nirav Patel and is founded in 2020, headquartered in Malta (with London office).
Get a read on where your own stack stands against Andaria and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.