“Can an MFSA/MiCA-licensed Maltese crypto processor become the default B2B crypto-to-fiat payment rail for regulated European verticals (iGaming, forex, luxury travel)?”
Founded 2018 in Malta as Moneybite, operating in Malta's early VFA regime; obtained a Class 3 VFA licence in 2021 and reached profitability servicing iGaming operators. Rebranded to Payhound in 2023 to position as a crypto-payments company bridging crypto and traditional finance. In 2025 secured both an MFSA Financial Institution Licence and a MiCA Crypto-Asset Service Provider authorisation, positioning it as one of the earlier MiCA-licensed crypto payment processors in the EU and expanding beyond iGaming into luxury, travel, forex and PSP distribution.
Payhound processes payments through Payhound (self-operated).
Payhound uses Chainalysis for KYC and identity verification.
Payhound uses Payhound (self-operated) for FX and cross-border payouts.
Payhound's crypto products run on Payhound (self-operated).
The Embedded Finance Index 2026 maps 4 layers in Payhound's stack: Payments / PSP (Payhound (self-operated)); KYC (Chainalysis); FX & payouts (Payhound (self-operated)); Crypto (Payhound (self-operated)).
Payhound is founded in 2018 and headquartered in Birkirkara, Malta.
Get a read on where your own stack stands against Payhound 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.