Velmie

Velmie provides software for digital banking, wallets and embedded financial services. It is a modular white-label platform for digital banking, payment processing and crypto-fiat infrastructure, and it is a technology provider rather than a bank. Its products should not be treated as bank deposits, and it should not be credited with the BINs used in programmes built on the platform.

Products

The main products are a white-label payment platform, a multi-currency core, card issuing and crypto integration, with more than 60 preconfigured partners. The platform includes built-in connectors to ClearBank, Currencycloud, Fireblocks, Sumsub and others. It is offered as cloud SaaS or as a dedicated enterprise licence.

Clients and markets

The published segments are fintech companies, banks and financial institutions, and businesses and enterprises. The target verticals are EMIs, PSPs, neobanks, crypto platforms and wealth technology. The company lists Europe, the United Kingdom, the United States, MENA, Latin America and Asia-Pacific as its geography. It states a founding year of 2007 and headquarters in Wilmington in the United States and Vilnius in Lithuania.

What to confirm

Licence costs, supported regulatory set-ups and the regulated partners behind a programme should be requested from the company.