Spell

Spell is a cloud white-label platform for banks, EMIs and PSPs that brings together acquiring, BNPL, Open Banking and payment orchestration. The business was started in 2018 and is based in Riga, Latvia.

Product suite The listed modules are a White-Label PSP Suite, Multi-acquiring, a BNPL Engine, Merchant Onboarding, Smart Routing and Split Payouts. Intended users are banks, EMIs, PSPs, fintechs and telecoms.

Speed to market The company states that banks and fintechs can launch branded acquiring and instalment products within weeks, rather than building an in-house platform.

Markets and pricing Regions named are Europe, the United Kingdom, MENA and Asia. The commercial model is a SaaS subscription plus a per-transaction fee, so total cost depends on both platform scope and processing volume.

A bank that wants to own the merchant relationship and the brand, while renting the technology, is the typical scenario. Licensing arrangements for each deployment are worth confirming with the company.