Advapay

Advapay is a financial technology vendor that builds software for digital banking and payment businesses and advises on licensing. The company states that it was founded in 2014 and is headquartered in Tallinn, Estonia. It is a technology and consulting provider, not a bank or a payment processor.

Platform The core product is the white-label Macrobank platform. Listed modules include Macrobank Core Platform, a Merchant Acquiring Module, a Remittance Engine, SEPA and SWIFT connectivity, and AML/KYC tooling. Payment channels include SEPA, UK Faster Payments and SWIFT. The target segments are electronic money institutions, payment institutions, remittance companies and PSPs, as well as banks, fintechs and software platforms.

Licensing and compliance Beyond software, Advapay supports clients through licensing and compliance consulting, including help with launching a payment business, obtaining a licence and opening correspondent accounts. The jurisdictions named are the United Kingdom and Canada, and the company also lists Europe, the CIS and Africa as target regions.

Commercial model Software is offered either as a SaaS subscription or as a perpetual licence purchase. Pricing is not published and should be requested directly.