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← Embedded Finance Index 2026

Murena

“Can a European privacy-first hardware + cloud company become the credible non-Big-Tech consumer alternative?”

HQParis, France
FoundersGaël Duval
Latest roundEquity Crowdfunding
IndustryE-commerce / DTC brand
The story

Murena (operated by Murena Retail SAS in France and Murena Inc. in the US) is a privacy-first consumer technology company selling deGoogled smartphones, the /e/OS operating system, the Nextcloud-based Murena Workspace, and a US eSIM mobile plan. The company is a hardware + SaaS DTC business with subscription billing; embedded finance is limited to standard PSP checkout for orders and subscriptions, not embedded lending, banking, or card issuing.

Last 12 months
—
Product timeline
0
Founded as e Foundation / Murena to build /e/OS, a deGoogled Android operating system· pivot
0
Launched Murena Workspace (Nextcloud-based privacy cloud) with paid storage subscriptions· banking
0
Launched Murena smartphones (refurbished and new) running /e/OS· pivot
0
Launched Murena Mobile (eSIM on T-Mobile network in the US)· pivot
The stack
2 layers disclosed in Murena’s embedded-finance stack
Payments / PSP
StripePayPalBitPay
Crypto
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Murena — frequently asked

Who is Murena's payment processor?

Murena processes payments through Stripe, PayPal and BitPay.

Which crypto provider does Murena use?

Murena's crypto products run on BitPay.

What is Murena's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Murena's stack: Payments / PSP (Stripe, PayPal and BitPay); Crypto (BitPay).

Who founded Murena?

Murena was founded by Gaël Duval and is headquartered in Paris, France.

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