Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 2 companies across 4 categories.
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Pecunpay (Pecunia Cards EDE) was founded in 2016 as a Spanish Banco de España-registered electronic money institution focused on card issuing, payment gateway, and escrow services for fintechs and platforms. It modernized its stack on IBM/Red Hat OpenShift in 2019 and became the first Spanish EMI to join Iberpay's national payment system as an 'accessible entity' through Inversis in 2022. Minsait Payments (Indra) acquired Pecunpay in November 2023, and in 2025 the brand is being folded into Minsait's unified Nuek embedded-finance platform.
Other BaaS 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/pecunpay/install" width="1" height="1" alt="" style="display:none">2 companies are linked to Pecunpay in the Embedded Finance Index 2026, through their own public disclosures or Pecunpay's published customer list, including Bit2Me and Coverflex.
Pecunpay is an embedded-finance provider in BaaS, Card Issuing, FX / Payouts and Sponsor Bank. It ranks #201 of 340 BaaS providers by linked companies.
The most-named BaaS alternatives to Pecunpay are Evolve Bank & Trust (71 buyers), Sutton Bank (63 buyers), Cross River (56 buyers), Pathward (48 buyers), ClearBank (39 buyers) and Thread Bank (35 buyers).
Pecunpay is founded in 2016 and headquartered in Madrid, Spain.
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