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Nexi

Provider
PSPCard Issuing

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 6 companies across 2 categories.

nexi.com ↗Also analysed as a company — its own stack →
CategoriesPSP, Card Issuing
Rank#77 of 538 in PSP
Buyers6 companies
HeadquartersMilan, Italy
Founded1939

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Founders & story · from Nexi’s own dossier

Founded as a banking utility in Italy, Nexi evolved from a domestic card-processing and ATM network into a broad European PayTech through the landmark mergers with Nets (Nordic acquirer) and SIA (Italian payment infrastructure). Post-merger, the company repositioned as a B2B PayTech selling acquiring, issuing-as-a-service, and open banking infrastructure to banks and fintechs. The February 2026 launch of Nexi Ready signals a deliberate move into issuing-as-a-service, competing with Marqeta and Stripe Issuing for bank and fintech card programs across Europe.

Latest round: IPO (Borsa Italiana, 2019)
Recent developments
  • 2026-02Launched Nexi Ready, a fully managed digital issuing solution for issuers of any size, targeting banks, corporates, and fintechs. source ↗
  • 2024-06Expanded partnership with Compass (Mediobanca) to integrate PagoLight BNPL into XPay e-commerce gateway. source ↗
Full dossier: Nexi’s own stack, layer by layer →
Who uses Nexi
6 companies disclose Nexi in their stack
KlarnaUnionpay InternationalSparkassen GroupOrderbirdIllimityIntesa Sanpaolo
Buyer mix · 6 of 6 classified
Bank / National · 2Bank / Community · 1Fintech / Consumer banking · 1Fintech / Cross-border payments · 1Vertical SaaS / Restaurants · 1
EU · 5APAC · 1
What the disclosures say
Klarna
“Klarna platforms-and-partners page lists Adyen, Checkout.com, Mollie, Nexi, Stripe, Worldline, Worldpay as featured partners. [coerced currencies: kept "EUR", also reported: GBP; SEK; USD; NOK; DKK; AUD; CHF; PLN; CZK]”
Unionpay International
“IBS Intelligence confirms Nexi partnership for Italy acquiring.”
Sparkassen Group
“Nexi SpA named as technical credit card processor for S-Kreditpartner's FlexiGeld revolving credit card (GÖRG press release 2023).”
Orderbird
“Support docs reference card payment with Worldline and Nexi Germany as integrated acquirers, plus a separate American Express acceptance flow.”
Illimity
“illimity.com/it/trasparenza lists Nexi business debit card XL and business credit card products; CBI Corporate Banking Interbancario service documented.”
Intesa Sanpaolo
“IBS Intelligence lists Intesa Sanpaolo and Nexi launching SoftPOS solution in Italy (ibsintelligence.com).”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Nexi? Claim this profile above to unlock your own full list.
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What Nexi runs on · from its own dossier
The third-party providers Nexi itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Nexi.
PSP
XPay
Full dossier with evidence for each layer →
Alternatives to Nexi

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.

Stripe783 buyers →Adyen278 buyers →PayPal153 buyers →Checkout.com113 buyers →Worldpay89 buyers →Mollie64 buyers →checkout58 buyers →Braintree57 buyers →
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Ranked #77 of 538 in PSP — Embedded Finance Index 2026
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Nexi — frequently asked

Which companies use Nexi?

6 companies disclose Nexi in their stack in the Embedded Finance Index 2026, including Klarna, Unionpay International, Sparkassen Group, Orderbird, Illimity and Intesa Sanpaolo.

What does Nexi do?

Nexi is an embedded-finance provider in PSP and Card Issuing. It ranks #77 of 538 PSP providers by disclosed buyers.

What are the alternatives to Nexi?

The most-disclosed PSP alternatives to Nexi are Stripe (783 buyers), Adyen (278 buyers), PayPal (153 buyers), Checkout.com (113 buyers), Worldpay (89 buyers) and Mollie (64 buyers).

Where is Nexi headquartered?

Nexi is founded in 1939 and headquartered in Milan, Italy.

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