← State of Embedded Finance 2026

Eneba

Can a European digital-gaming marketplace become the dominant multi-sided platform for game key distribution and digital entertainment commerce across 130+ global markets by embedding best-in-class payment orchestration and seller wallet infrastructure?

Founded2018
HQVilnius, Lithuania
FoundersVytis Uogintas, Zygis (co-founder, surname not disclosed in evidence)
Total raised$22.23M
Latest roundLoan, ~2024
IndustryMarketplace / Two-sided
The story

Eneba launched in 2018 as a digital key and gift card marketplace focused on gamers in Europe. It expanded from a simple reseller platform to a two-sided marketplace serving over 20 million users and 130+ markets, onboarding third-party sellers with KYC and wallet infrastructure. The embedded finance stack evolved to include payment orchestration (Payrails), an internal wallet (Hyperwallet-backed), open-banking checkout methods (Trustly), and card acquiring via Checkout.com — positioning Eneba as a horizontal digital entertainment commerce platform rather than a pure key-reseller.

Last 12 months
2024
2024
Product timeline
2018
Founded by Vytis and Zygis as a digital gaming marketplace for PC, console, and mobile game keys.· pivot
2022
Launched Eneba Wallet powered by Hyperwallet for peer-to-peer and vendor payouts within the marketplace.· banking
2024
Integrated Payrails payment orchestration to improve global capture performance by 3.5% across 130+ markets.· banking
The stack
Payments / PSP
Checkout.comPayrails
Accounting gap: significant