Teya
“Can a European SMB payments company become the full financial operating system—payments, banking, and embedded capital—for local businesses across Europe?”
Founded2019
HQLondon, United Kingdom
Latest roundNov 15, 2021
IndustryFintech / SMB banking
The story
Founded in 2019 as SaltPay, the company started as a card machine provider for European SMBs. It rebranded to Teya around 2022, pivoting from pure payments hardware to an integrated financial operating system including business accounts (via Modulr), embedded lending (via Liberis, YouLend, iwoca, and Flowpay), and loyalty/rewards (via acquired Yoyo Wallet, now Teya Rewards). The strategic bet is to own the full financial stack for small local businesses across Europe, replacing fragmented banking and fintech relationships with a single platform.
Product timeline
2019
Founded as SaltPay, initially focused on card machine payments for SMBs in Europe.· pivot
2021
Raised funding rounds through November 2021 to expand European SMB payments footprint.· banking
2022
Rebranded from SaltPay to Teya, signalling shift toward a broader business solutions platform.· pivot
2023
Launched Teya Business Account powered by Modulr, offering SMBs a free account with Visa debit cards, next-day settlements, and 0.5% cashback.· banking
2024
Launched embedded lending via Merchant Cash Advance and Flexi Loan products in partnership with Liberis, YouLend, and iwoca.· lending
2026
Partnered with Flowpay to offer working capital financing of up to €100,000 to SMEs in Czech Republic and Slovakia, with Hungary and Croatia to follow.· lending
Regulated entities
1
regulatory licence held by Teya
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Teya’s embedded-finance stack
Payments / PSP
Teya Payments (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Accounting gap: significant
5 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.