“Can payment-linked, repay-at-source financing distributed through PSPs and marketplaces unlock fair capital for the small businesses banks ignore?”
SAPI was founded in 2019-2020 by ex-Goldman banker Mai Le and Alexis van Lennep to build embedded, payment-linked financing for small businesses underserved by traditional banks. The company distributes capital via partners — PSPs, marketplaces, brokers, and neobanks — rather than acquiring borrowers directly, with repayment collected at source from card takings or account-to-account flows. Operates in UK, EU and US markets from offices in London and Hanoi.
SAPI discloses Modulr as its banking provider, according to the Embedded Finance Index 2026.
SAPI does not disclose a bank charter of its own; its banking services are provided through Modulr.
SAPI's lending and capital products are provided by SAPI (in-house).
The Embedded Finance Index 2026 maps 2 layers in SAPI's stack: Banking / BaaS (Modulr); Lending (SAPI (in-house), Payment-linked financing (repay-at-source advances), Instant Payout and Settlement Pre-funding).
SAPI was founded by Mai Le and Alexis van Lennep and is founded in 2019, headquartered in London, United Kingdom.
SAPI has raised $80M+ (latest round) in total (latest round: Later Stage VC, November 2025, $80M led by Hudson Cove Capital Management).
Get a read on where your own stack stands against SAPI 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.