PayAlly
“Can a relationship-managed, multi-currency EMI become the integrated cross-border financial OS for globally trading SMBs?”
Founded2017
HQLondon, United Kingdom
IndustryFintech / SMB banking
The story
PayAlly was founded in 2017 as a UK EMI focused on international business payments and multi-currency accounts. It has since expanded into expense cards (Mastercard) and positions itself as an integrated financial services ecosystem for SMBs with global ambitions, supporting 39 currencies and SWIFT/SEPA/CHAPS/BACS/Faster Payments rails.
Last 12 months
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Product timeline
2017
PayAlly founded in London to provide cross-border business payment services.· banking
2023
Launched Expense Card product (Mastercard) for business clients.· card
Regulated entities
EMI
UK FCA
PayAlly Limited
The stack
Payments / PSP
Banking / BaaS
Card issuing
FX & payouts
Accounting gap: significant