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Magnati

Provider
PSPCard Issuing

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

magnati.com ↗Also analysed as a company — its own stack →
CategoriesPSP, Card Issuing
Rank#150 of 528 in PSP
Buyers3 companies
HeadquartersAbu Dhabi, United Arab Emirates
Founded2021

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Founders & story · from Magnati’s own dossier

Magnati was founded in 2021 as a UAE payments acquirer focused on direct acquiring, issuer processing, and acquiring processing for government, merchant, and institutional clients. Through 2023-2024 it expanded into embedded finance — adding cross-border wallet acceptance via TerraPay and launching a merchant financing platform that leverages real-time POS data to underwrite SME loans with bank partners (RAKBANK, Wio Bank, Aafaq Islamic Finance). In October 2025 it merged with Network International to create a combined MEA payments and fintech platform.

Latest round: Acquired/Merged (October 2025)
Recent developments
  • 2024-09Launched merchant financing platform with RAKBANK using real-time POS data for SME underwriting. source ↗
  • 2024-09Partnered with Wio Bank to support businesses with embedded finance solutions. source ↗
  • 2024-11Partnered with Aafaq Islamic Finance to extend embedded SME lending into Islamic finance. source ↗
  • 2025-10Merged with Network International. source ↗
Full dossier: Magnati’s own stack, layer by layer →
Who uses Magnati
3 companies disclose Magnati in their stack
Lulu ExchangeFirst Abu Dhabi BankWio
Buyer mix · 3 of 3 classified
Bank / National · 1Fintech / Cross-border payments · 1Fintech / Neobank · 1
MENA · 3
What the disclosures say
Lulu Exchange
“Magnati dWallet partnership via ibsintelligence.com/ibsi-news/lulu-exchange-partners-with-magnati-to-facilitate-dwallet-cards/; TerraPay cross-border partnership via prnewswire.com 2021”
First Abu Dhabi Bank
“FAB's own press release (Mar 2020) announces its 'payment as a platform' for merchants with in-store/mobile/online acceptance, and the Nov 2020 release announces the carve-out of the payments business (later Magnati) covering direct acquiring, issuer processing and acquiring processing.”
Wio
“Magnati partnership for POS-based merchant financing (ibsintelligence.com).”
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What Magnati runs on · from its own dossier
The third-party providers Magnati itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Magnati.
PSP
payit
FX / Payouts
TerraPay
Spend / AP
Visa IntelliLink
Full dossier with evidence for each layer →
Alternatives to Magnati

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 →Braintree57 buyers →Pix50 buyers →
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Ranked #150 of 528 in PSP — Embedded Finance Index 2026
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Magnati — frequently asked

Which companies use Magnati?

3 companies are linked to Magnati in the Embedded Finance Index 2026, through their own public disclosures or Magnati's published customer list, including Lulu Exchange, First Abu Dhabi Bank and Wio.

What does Magnati do?

Magnati is an embedded-finance provider in PSP and Card Issuing. It ranks #150 of 528 PSP providers by linked companies.

What are the alternatives to Magnati?

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

Where is Magnati headquartered?

Magnati is founded in 2021 and headquartered in Abu Dhabi, United Arab Emirates.

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