Verestro

Verestro is a financial technology company that offers API technology for card, payment and embedded finance solutions, which clients integrate into their own applications. The legal entity is Verestro SA, and the company states it was founded in 2011 and is headquartered in Warsaw, with presence in the United States and Brazil.

Platform

Verestro describes itself as a global fintech-as-a-service platform backed by Mastercard. The key products are a white-label digital wallet, card issuing, P2P money transfers, QR and SoftPOS acquiring, and tokenization. Mastercard is stated to be a strategic shareholder. The business model is a SaaS subscription.

Clients and markets

The target verticals are banks, PSPs, fintechs, telecoms and retailers, and the company states it works in more than 35 countries across Europe, Latin America, the Middle East and Asia. Payment channels listed are SEPA and SWIFT. A developer portal is published on the company's website.

Role

Verestro is a provider of financial infrastructure. It should not be treated as a bank, its products are not automatically bank deposits, and it should not be credited with the BIN ranges used in client programmes. Pricing under the subscription model, the regulated partners behind each programme and the countries available for a specific project should be confirmed with the company.