“Can a decade-old BaaS platform re-position itself as the funding and embedded-credit layer behind banks and card issuers?”
Bankable began in 2010 as a modular BaaS platform targeting banks, corporates and fintechs with white-label e-wallets, remittance, P2P and prepaid card programmes. In 2021 it entered a ten-year pan-European BaaS partnership with Aion Bank (Warburg Pincus-backed) and core banking vendor Vodeno. More recently it has moved up the stack into embedded credit — BNPL and revolving credit cards distributed via a 'Bankable Funding Exchange' that fractionalises receivables to investors. PitchBook most recently flagged the entity's deal status as 'Bankr. Admin/Reorg', suggesting the company is in a restructuring phase.
Bankable discloses Bankable (in-house), Aion Bank and Vodeno as its banking providers, according to the Embedded Finance Index 2026.
Bankable does not disclose a bank charter of its own; its banking services are provided through Bankable (in-house), Aion Bank and Vodeno.
Bankable processes payments through Bankable (self-operated). Disclosed money-movement rails: SWIFT, SEPA and Faster Payments.
Bankable's cards are issued through Bankable (in-house).
Bankable's lending and capital products are provided by Bankable (in-house).
The Embedded Finance Index 2026 maps 6 layers in Bankable's stack: Payments / PSP (Bankable (self-operated)); Money movement (SWIFT, SEPA and Faster Payments); Banking / BaaS (Bankable (in-house), Aion Bank and Vodeno); Card issuing (Bankable (in-house)); Lending (Bankable (in-house), Buy Now, Pay Later (BNPL), Revolving Credit Cards and Bankable Funding Exchange); Sponsor bank (Aion Bank).
Bankable is founded in 2010.
Get a read on where your own stack stands against Bankable 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.