“Can a single virtual card middleware platform become the indispensable infrastructure connecting every bank issuer, TMC, OTA, and corporate travel programme in the world?”
Founded in 2005 as a virtual payment card distribution and settlement platform, Conferma became the dominant middleware connecting banks, travel management companies (TMCs), and corporate travel ecosystems. Acquired by Sabre Corporation, it deepened its position as a B2B virtual card infrastructure layer rather than competing as a bank or card issuer itself. Its embedded finance angle is purely infrastructure: it connects card-issuing banks and processors (WEX, Modulr, Pliant, J.P. Morgan) into a single platform that TMCs and corporates use to issue, manage, and reconcile virtual cards at the point of booking.
Conferma processes payments through WEX (virtual Mastercard issuing partner), Modulr (virtual card issuing partner), Pliant (virtual card issuing partner), ConnexPay (virtual card issuing and real-time funding, partner), US Bank (card issuing partner), Brex (card issuing partner), Pax2Pay (card issuing partner), JP Morgan (card issuing partner) and 4 others.
The Embedded Finance Index 2026 maps 2 layers in Conferma's stack: Payments / PSP (WEX (virtual Mastercard issuing partner), Modulr (virtual card issuing partner), Pliant (virtual card issuing partner), ConnexPay (virtual card issuing and real-time funding, partner) and 8 others); Card issuing (WEX, Modulr and Pliant).
Conferma is founded in 2005 and headquartered in Manchester, United Kingdom.
Get a read on where your own stack stands against Conferma 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.