Xpate
“Can a licensed EMI combine card acquiring, multi-currency banking, and FX into a single platform that replaces the fragmented fintech stack for digital SMEs and fintechs?”
Founded in 2019 as an e-commerce payments platform for digital SMEs in the UK, Xpate expanded beyond acquiring to offer an all-in-one payment and banking hub combining card acquiring, multi-currency accounts, IBAN issuance, FX, and cross-border payouts. The company has increasingly positioned itself as an embedded finance infrastructure provider for fintechs — offering white-label acquiring rails, PayFac support, crypto ramp payment infrastructure, and digital wallet settlement services — blurring the line between a PSP and a BaaS platform. Its stack relies on a combination of Mambu (core banking), Integrated Finance (ledger orchestration), and Currencycloud (FX) to deliver multi-actor financial infrastructure under its own EMI license.