“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?”
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.
Skaleet's cards are issued through Marqeta.
Skaleet uses Thunes for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 3 layers in Skaleet's stack: Card issuing (Marqeta); Lending (BNPL module (configurable for client financial institutions) and Loan management module); FX & payouts (Thunes).
Skaleet is founded in 2015 and headquartered in Boulogne-Billancourt, Île-de-France, France.
Skaleet has raised $34.8M in total.
Get a read on where your own stack stands against Skaleet 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.