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← Embedded Finance Index 2026/Vendor

ConnectPay

Provider
PSPBaaS

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 3 companies across 2 categories.

connectpay.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesPSP, BaaS
Rank#134 of 528 in PSP
Buyers3 companies
HeadquartersVilnius, Lithuania
Founded2017

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Founders & story · from ConnectPay’s own dossier

Founded 2017 as a Lithuanian EMI for online businesses, ConnectPay has evolved from a pure payment-account provider into a modular Banking-as-a-Service platform for European SaaS platforms, marketplaces, and fintechs. The company now bundles multi-currency IBANs, SEPA/SWIFT rails, VISA issuing/acquiring, PSD2 open banking, and embedded compliance under its own EMI license — competing with Solarisbank, Swan, and Modulr in EU embedded finance.

Recent developments
  • 2026-02-24Completed migration to Mars, a proprietary in-house core banking system, replacing third-party vendor dependency. source ↗
Full dossier: ConnectPay’s own stack, layer by layer →
In the press
embeddedfinancereview.com ↗
Coverage of ConnectPay sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
◇ article2026-02-23
Why ConnectPay Chose to Build Its Core Banking System From Scratch
ConnectPay built its own core banking system, Mars. Here is why that decision makes sense for a BaaS provider at scale.
Source · Embedded Finance Review ↗
Who uses ConnectPay
3 companies disclose ConnectPay in their stack
SoftloansBemybondInSoil
Buyer mix · 3 of 3 classified
Fintech / Investment · 1Fintech / Lending · 1Infrastructure / Lending · 1
EU · 3
What the disclosures say
Softloans
“ConnectPay is named on its own customer-story page explicitly for Softloans (connectpay.com/customer-stories/softloans/); Paysera LT UAB is listed in Softloans' own Terms & Conditions on softloans.io/legal/terms-conditions/ as a payment service provider used within the platform.”
Bemybond
“ConnectPay customer story: 'BeMyBond, an investment in bonds platform, was launched with ConnectPay embedded finance modules...”
InSoil
“ConnectPay publicly lists InSoil as a customer (connectpay.com/customer-stories/bemybond/).”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent ConnectPay? Claim this profile above to unlock your own full list.
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What ConnectPay runs on · from its own dossier
The third-party providers ConnectPay itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose ConnectPay.
Lending
Softloans
Open Banking
Salt EdgeConnectPay PSD2 APIs
Full dossier with evidence for each layer →
Alternatives to ConnectPay

Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe782 buyers →Adyen317 buyers →PayPal153 buyers →Checkout.com114 buyers →Worldpay88 buyers →Mollie63 buyers →checkout60 buyers →Braintree57 buyers →
Share this rank

An embeddable badge for ConnectPay’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #134 of 528 in PSP — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/connectpay?ref=badge">
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       alt="Ranked #134 of 528 in PSP — Embedded Finance Index 2026">
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ConnectPay — frequently asked

Which companies use ConnectPay?

3 companies are linked to ConnectPay in the Embedded Finance Index 2026, through their own public disclosures or ConnectPay's published customer list, including Softloans, Bemybond and InSoil.

What does ConnectPay do?

ConnectPay is an embedded-finance provider in PSP and BaaS. It ranks #134 of 528 PSP providers by linked companies.

What are the alternatives to ConnectPay?

The most-named PSP alternatives to ConnectPay are Stripe (782 buyers), Adyen (317 buyers), PayPal (153 buyers), Checkout.com (114 buyers), Worldpay (88 buyers) and Mollie (63 buyers).

Where is ConnectPay headquartered?

ConnectPay is founded in 2017 and headquartered in Vilnius, Lithuania.

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