Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 26 companies across 4 categories.
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Enfuce was founded in 2016 by two Finnish banking veterans, Monika Liikamaa and Denise Johansson, with the bet that card issuing and processing could be re-platformed on the public cloud — they were globally the first issuer processor on AWS. The company evolved from serving Nordic banks and consumer fintechs (Pleo, Qred, ST1) into a broader European Card-as-a-Service and BIN sponsorship provider, layering in open banking (AIS) APIs under PSD2 and powering BaaS partners like SEB Embedded. In 2026 the founder-CEO duo split — Liikamaa departed and Johansson took sole CEO responsibility, with Mårten Mickos brought in as chairman, signaling a transition toward scale-stage governance.
Other Card Issuing providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/enfuce/install" width="1" height="1" alt="" style="display:none">26 companies disclose Enfuce in their stack in the Embedded Finance Index 2026, including Starcart, Allpay, Gee Finance, Tell Money, Science, Qred, SEB, FLEET220, Plexian, Siminn and 2 others.
Enfuce is an embedded-finance provider in PSP, BaaS, Card Issuing and Open Banking. It ranks #3 of 231 Card Issuing providers by disclosed buyers.
The most-disclosed Card Issuing alternatives to Enfuce are Marqeta (67 buyers), Stripe Issuing (32 buyers), Paymentology (25 buyers), Galileo (21 buyers), Sutton Bank (21 buyers) and Pliant (20 buyers).
Enfuce was founded by Monika Liikamaa and Denise Johansson and is founded in 2016, headquartered in Espoo, Finland.
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