“Can Sciopay become the white-label FX and cross-border payments infrastructure layer that enables brands and financial intermediaries to launch embedded payment products without building their own regulated entity?”
Founded in 2019 as an FCA-regulated Payment Institution, Sciopay built proprietary payment infrastructure enabling businesses and financial intermediaries to embed white-label FX and cross-border payment capabilities. The company evolved from a startup to processing over £3 billion in cross-border payments by 2025, primarily by partnering with IFX Payments as a liquidity and infrastructure rail and offering a no-code platform (ScioHub) enabling brands to launch FX offerings without deep technical investment. Sciopay's embedded finance angle is enabling FX brokers, real estate, logistics, and sports/entertainment firms to monetise cross-border payments under their own brand.
Sciopay uses IFX Payments for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in Sciopay's stack: FX & payouts (IFX Payments); Spend / AP (Dolfin).
Sciopay was founded by Saqib Mirza and is founded in 2019, headquartered in London, England, United Kingdom.
Get a read on where your own stack stands against Sciopay 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.