- Founded
- 2019-01-01 in Riga, Latvia
- Headquarters
- Riga, Latvia
Connpay is a group of licensed financial institutions operating across the CIS and Europe, providing modern payment infrastructure for global businesses. Founded in 2019 and headquartered in Riga, Latvia, the company connects merchants to a unified ecosystem of over 100 payment solutions and 30+ currencies. Its platform covers card acquiring, alternative payment methods (APMs), payouts, merchant onboarding, and compliance support. Connpay specialises in high-growth and high-complexity verticals, particularly those considered high-risk, such as iGaming and gambling, where stable processing and transparent operations are critical. The company’s mission is to simplify payments for these sectors by delivering flexible fintech tools and a single point of integration. With a team of 51–200 employees, Connpay claims to help merchants scale quickly, enter new markets, and build reliable payment flows. The company has recently expanded its portfolio to include PayID for the Australian market, reinforcing its focus on providing high-performance payment solutions across multiple geographies and industries. Connpay is publicly listed on the SiGMA and iGB Affiliate events as an exhibitor, indicating its active presence in the gaming and affiliate marketing ecosystem.
Detailed Review
Company Background and Licensing
Connpay describes itself as a group of licensed financial institutions, including iPSP, PSP, and PI licences, operating across the CIS and Europe. This regulatory framework enables processing for merchants in multiple jurisdictions, with a strong emphasis on high-risk verticals such as iGaming, forex, and online gambling. The exact licences and regulatory bodies are not publicly specified, but the company’s presence at industry events like SiGMA EURASIA and iGB Affiliate Barcelona confirms its targeting of the gambling and affiliate marketing sectors.
Products and Services
Connpay’s core offering is a unified payment ecosystem that aggregates over 100 payment solutions and supports more than 30 currencies. The platform includes card acquiring for Visa and Mastercard, alternative payment methods integrating local and regional options like e-wallets and bank transfers, automated payouts for user disbursements such as player withdrawals and affiliate commissions, streamlined merchant onboarding with KYC and compliance processes, and ongoing compliance support for cross-border and high-risk processing. In March 2026, Connpay added PayID to its portfolio, highlighting features such as no KYC, 24/7 processing, and support for first-time deposits and trusted users. This addition targets the Australian market, a key region for iGaming operators.
Market Position and Recent Activity
Connpay actively exhibits at gambling industry conferences. It was listed as an exhibitor at iGB Affiliate Barcelona 2027 and promoted its attendance at SiGMA EURASIA 2026 in Dubai. The company has a modest LinkedIn presence with 729 followers and regularly shares product updates. No public information about funding rounds, revenue, or major partnerships was found specifically for Connpay, distinguishing it from similarly named companies such as ConnexPay and ConnectPay.
Risks and Limitations
The company’s public footprint is minimal, consisting of a LinkedIn page, a documentation site, a PayAtlas profile, and a few event listings. No official corporate website with comprehensive information is live on the connpay.com domain. Leadership data is entirely absent from all sources reviewed, raising questions about transparency. The LinkedIn “Public Company” designation is unverified and may be inaccurate. Operating in the high-risk payments space carries elevated regulatory and reputational risks.
Key Products
Card Acquiring
Processing of credit/debit card payments for e-commerce and MOTO transactions.
Alternative Payment Methods (APMs)
Integration of local and regional payment methods such as e-wallets, bank transfers, and others.
Payouts
Bulk and single disbursement solutions for merchants to pay suppliers, affiliates, and other recipients.
Merchant Onboarding
KYC/AML compliance and seamless integration into Connpay’s ecosystem.
Compliance Support
Licensing, risk management, and regulatory assistance for high-risk verticals.
PayID
Real-time payment method for the Australian market, added in 2025.
Payment Infrastructure (Core Platform)
A unified ecosystem of 100+ payment solutions and 30+ currencies, enabling card acquiring, APMs, payouts, merchant onboarding, and compliance support, designed for high-risk and high-growth verticals.
PayID Integration
Australian real-time payment method added in March 2026, offering no KYC, 24/7 processing, and support for first-time deposits and trusted users.
Offices & Headcount
125 employees (approx.)