← State of Embedded Finance 2026

Skaleet

Can a cloud-native, API-first, modular core banking platform displace legacy CBS vendors for banks, neobanks, and fintechs in EMEA by delivering faster time-to-market and lower TCO?

Founded2015
HQBoulogne-Billancourt, Île-de-France, France
Total raised$34.8M
IndustryInfrastructure / BaaS
The story

Originally founded as TagPay Inc. in 2015, Skaleet evolved from a mobile banking platform primarily serving financial inclusion use cases in Africa and emerging markets into a full next-generation cloud-native core banking platform targeting banks, neobanks, fintechs, and corporates across EMEA. The platform shifted to a 'best-of-breed' modular architecture, embedding third-party fintech providers (KYC, cross-border payments, card programmes) via open APIs rather than building everything in-house. Recognition in the 2026 Gartner Magic Quadrant for Banking Payment Hub Platforms marks its repositioning as enterprise-grade infrastructure competing with legacy core banking vendors.

Last 12 months
2024-05
2025-10
2026
2026
Product timeline
2015
Founded as TagPay Inc., a SaaS core banking platform targeting banks, neobanks, fintechs, and corporate clients in EMEA.· banking
2022
Published Card-as-a-Service (CaaS) blog, signalling card program enablement as a core platform capability.· card
2023
Published embedded finance thought leadership, positioning the platform as infrastructure for SME and financial institution embedded finance products including payments, loans, and accounts.· banking
2024
Partnered with Smile ID to deliver Africa's most comprehensive digital banking and identity verification solution through the platform.· banking
2025
Launched Skaleet Process Automation (SPA), a low-code workflow automation layer within the core banking platform.· banking
2026
Recognised in the Gartner Magic Quadrant for Banking Payment Hub Platforms.· banking
2026
Partnered with Thunes to expand cross-border payment capabilities for customers worldwide.· banking
The stack
Card issuing
Marqeta
Lending
BNPL module (configurable for client financial institutions)Loan management module
FX & payouts
Thunes
Accounting gap: minor