Banpay
“Can a multi-currency SMB account replace traditional banking infrastructure for cross-border businesses through API-first embedded finance?”
Founded2018
HQVancouver, British Columbia, Canada
IndustryFintech / SMB banking
The story
Founded in 2018, Banpay started as a multi-currency account provider for businesses seeking to manage global transactions outside traditional banking. The company expanded its offering to include business cards, spend management, mass multi-currency payouts, and embedded treasury solutions via API. With presence in Canada, Mexico, and Spain, Banpay positions itself as an all-in-one financial infrastructure for cross-border SMBs.
Last 12 months
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Product timeline
2018
BanPAY (CA) Ltd. founded in Vancouver, Canada as a multi-currency financial platform for businesses.· banking
2021
Launched multi-currency wallet and business card products targeting international SMBs.· card
The stack
2 layers disclosed in Banpay’s embedded-finance stack
Banking / BaaS
Community Federal Savings Bank
Sponsor bank
in the full report
Accounting gap: critical
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.