Monavate

Monavate is a regulated payments platform for card programmes, accounts, wallets and money movement, operating through Monavate Limited in the United Kingdom and a Lithuanian entity. It is a financial infrastructure provider, so its products should not be read as bank deposits, and not every BIN used in its programmes belongs to it. The group has been owned by Exodus Movement, Inc. and was founded in 2020.

Services The company lists card issuing, payment accounts, wallets and money movement. Settlement currencies include GBP and EUR, and the platform also offers optional USDC and EURC settlement and card programmes for digital-asset businesses, subject to programme risk and approval.

Safeguarding Monavate states that card-account funds are separated from its own funds and held in designated safeguarding accounts or other permitted protection. This is not deposit insurance, and card-account e-money is not covered by the FSCS.

Offices The UK address is The Officers' Mess Business Centre, Royston Road, Duxford, Cambridge CB22 4QH.

Who it suits Published target segments are fintech companies and businesses or enterprises. This describes focus, not eligibility. Pricing, volumes and country coverage need to be agreed with the provider during onboarding.