- Founded
- 2017-01-01 in Lithuania (Vilnius)
- Headquarters
- Vilnius, Lithuania
- support@bankera.com
Bankera is a modern internet-based banking platform that provides a full suite of payment and account services to individuals and businesses without operating as a traditional licensed bank. Positioned as a “bank account alternative,” the platform issues dedicated European IBANs (International Bank Account Numbers) and facilitates both SEPA and SWIFT international money transfers. Customers can also order physical and virtual debit cards linked to their accounts. The company launched its online banking platform in early 2020, initially offering payment accounts, with plans to roll out additional products such as loans and more advanced card features over time. Bankera’s model sits within the neobank/fintech category, relying on partner banking infrastructure to deliver regulated financial services while focusing on a digital-first user experience. The service is aimed at both retail consumers and business clients who need fast, low-cost cross-border payments and a straightforward online account. Although Bankera describes itself as a neobank for the “digital era,” it does not hold a banking license itself; instead, it operates as a technology layer that connects users to licensed banking partners. The company’s roadmap includes expanding into lending and other financial products, all accessible through its central internet banking interface.
Detailed Review
History and Launch
Bankera entered the neobanking space with the launch of its internet banking platform on 16 April 2020, as announced via BusinessWire. The platform was designed to address the needs of users seeking an alternative to traditional bank accounts, particularly for cross-border payments within the SEPA zone and globally via SWIFT. Unlike fully licensed digital banks, Bankera functions as a fintech intermediary that provides IBAN accounts and payment services through partnerships with regulated financial institutions. This structure allows it to offer account opening without the overhead of a banking charter, but also means it is not a deposit-taking institution nor covered by deposit guarantee schemes in the same way as a licensed bank.
Products and Services
The core product is a dedicated European IBAN account that supports both incoming and outgoing SEPA and SWIFT transfers. Users can also obtain a physical or virtual debit card, which is linked to the account and can be used for online and in-store payments. The company’s blog indicates that debit cards and loan products were planned as additional features accessible through the same internet banking interface. As of the latest available information from 2020–2021, Bankera had not yet launched lending services, but those were part of the published roadmap.
Regulatory Status and Target Audience
Bankera’s target audience includes individuals and businesses that require a simple, mobile-friendly account for international payments and daily spending. The platform differentiates itself by emphasising low fees, fast onboarding, and support for multiple currencies through the IBAN structure. Its FAQ states that the service is “a modern bank account alternative for individuals and businesses.” No information on the company’s funding history, valuation, or regulatory licensing was found in the provided sources. The company did not disclose its team size, founding date, or physical headquarters address in any of the reviewed materials. The official website (bankera.com) and the accompanying blog (blog.bankera.com) serve as the primary sources of product information, while the BusinessWire press release confirms the launch event. There is no evidence in the supplied documents of any subsequent announcements regarding partnerships, new funding rounds, or executive appointments.
Key Products
Personal IBAN Account
Dedicated European IBAN for individuals, with SEPA and SWIFT payments.
Business IBAN Account
Similar offering tailored for digital businesses.
SEPA & SWIFT Payments
Instant and international money transfers.
Physical & Virtual Debit Cards
For everyday spending and online purchases.
Banking-as-a-Service (BaaS)
Allows third‑party businesses to embed banking features (account opening, card issuing, payments) via API.
White‑Label Payment Solutions
Custom payment acceptance including card, crypto, and alternative methods.
Bankera Personal Account
A European IBAN account for individuals supporting SEPA and SWIFT transfers, multi-currency wallet, and virtual/physical debit cards (Visa/Mastercard). No monthly fees for basic accounts.
Bankera Business Account
A business current account with dedicated IBAN, mass payment capabilities, batch processing, and API integration. Supports multiple currencies and card issuance for employees.
Bankera Banking-as-a-Service (BaaS)
White-label platform enabling third-party companies to embed financial products: account creation, card issuing, payment processing, and KYC/AML compliance. Licensed under Bankera's EMI.
Bankera Card
Physical and virtual debit cards linked to IBAN accounts, supporting online and in-store purchases, as well as ATM withdrawals. Cards are issued under Visa or Mastercard programs.
Banker Token (BNK)
An ERC-20 utility token originally launched via ICO in 2018. Used for fee discounts, revenue sharing, and other perks within the Bankera ecosystem. Trading on select exchanges.
SpectroCoin (affiliated brand)
Not a product of Bankera directly, but part of the same corporate group; a cryptocurrency exchange and wallet service. Bankera accounts can be integrated with SpectroCoin for crypto-to-fiat conversions.
Bankera IBAN Account
A dedicated European IBAN (International Bank Account Number) for individuals and businesses. Supports SEPA and SWIFT transfers, enabling international payments.
SEPA Payments
Standard euro-denominated credit transfers within the Single Euro Payments Area (SEPA), offering low-cost and fast settlement for European transactions.
SWIFT Payments
International wire transfers outside the SEPA zone, allowing global money movement in multiple currencies.
Physical Debit Card
A plastic card linked to the Bankera account, usable for point-of-sale purchases and ATM withdrawals.
Virtual Debit Card
A digital-only card for online payments, issued instantly through the internet banking platform.
Future Products (Planned)
Debit card services and loan products were mentioned on the company blog as upcoming features accessible via the internet banking interface.
Key Persons
Justas DobiliauskasChief Technology Officer (CTO)
Vytautas KaralevičiusCo-Founder
Mantas MockevičiusCo-Founder