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Intercash

“Can a white-label prepaid card issuing platform become the go-to global card-programme-as-a-service infrastructure for fintechs, gaming operators, and enterprises needing multi-currency, multi-region payouts?”

Founded2002
HQLondon, England, United Kingdom (also registered in Isle of Man / Douglas)
FoundersPatrick Seguev
Total raised$2.84M
IndustryInfrastructure / Card issuing
The story

Founded in 2002 as a prepaid Mastercard programme provider focused on cross-border consumer payments, Intercash built its early base in the online gaming and affiliate marketing sectors. Over time it pivoted toward a B2B infrastructure role, offering white-label card programmes, programme management-as-a-service, and API-driven card issuing to fintechs and enterprises. Its partnership with Paymentology has enabled geographic expansion into Latin America, and it now positions itself as a turnkey global card-issuing and mass-payout platform serving clinical trials, corporate expenses, FX, and digital media verticals.

Last 12 months
2023
Product timeline
2002
Founded by Patrick Seguev as a prepaid card program provider, initially focused on reloadable and gift card programs on the Mastercard network.· card
2011
Began serving the online gaming and affiliate industries with prepaid Mastercard products and white-label card programmes.· card
2012
Launched the WinningsCard for the online gaming sector, enabling players to deposit and withdraw funds via a prepaid card.· card
2023
Partnered with Paymentology to extend global card issuing footprint into Latin America, supporting MXN, USD, CAD, EUR, GBP programmes.· card
2024
Expanded product suite to include debit card solutions, mass payouts, cross-border payments, and bank transfers alongside the core prepaid card offering.· banking
The stack
3 layers disclosed in Intercash’s embedded-finance stack
Payments / PSP
Intercash (self-operated)
Card issuing
in the full report
FX & payouts
in the full report
Accounting gap: minor
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Intercash — frequently asked

Who is Intercash's payment processor?

Intercash processes payments through Intercash (self-operated).

Who issues Intercash's cards?

Intercash's cards are issued through Paymentology.

Who handles Intercash's FX and cross-border payouts?

Intercash uses Intercash (self-operated) for FX and cross-border payouts.

What is Intercash's embedded finance stack?

The Embedded Finance Index 2026 maps 3 layers in Intercash's stack: Payments / PSP (Intercash (self-operated)); Card issuing (Paymentology); FX & payouts (Intercash (self-operated)).

Who founded Intercash?

Intercash was founded by Patrick Seguev and is founded in 2002, headquartered in London, England, United Kingdom (also registered in Isle of Man / Douglas).

How much funding has Intercash raised?

Intercash has raised $2.84M in total.

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