Moneygate

Company History and Founding

Moneygate was founded in 2021 in Cyprus by Nicolas Treppides and Marios Cosma. After obtaining its Electronic Money Institution licence from the Central Bank of Cyprus in 2022, it began operations. The company built its own compliance infrastructure from scratch, a decision that has allowed it to maintain a clean regulatory record and offer rapid client onboarding. Within a year, Moneygate established itself as a reliable B2B payments platform, growing its client base across Europe through EU passporting.

Business Model and Revenue

Moneygate generates revenue primarily through transaction fees on SEPA and SWIFT payments, foreign exchange margins on currency conversion, and card issuance and usage fees. The company targets businesses that need efficient cross-border payments, particularly those in e-commerce, logistics, and iGaming. By offering bulk CSV payment processing, it also serves payroll and supplier payment needs. The company is profitable and privately held, with no disclosed external funding.

Products and Services

Moneygate's core product is the Corporate IBAN Account, which provides businesses with a dedicated IBAN in their own name for multi-currency holdings. Complementing this are SEPA (instant and standard) and SWIFT payment rails, enabling fast transfers in all major currencies. Corporate Visa debit cards – both physical and virtual – allow for global spending and contactless payments. The platform includes web banking and mobile apps for iOS and Android, plus a RESTful Open API for integration with ERP and accounting systems. Bulk payments via CSV files simplify payroll and supplier runs. Additionally, Moneygate offers embedded banking infrastructure: partner platforms can white-label its regulated account and payment services under their own brand.

Regulatory Compliance and Licensing

Moneygate is authorised and regulated by the Central Bank of Cyprus as an Electronic Money Institution, compliant with PSD2, EU AML directives, and GDPR. Its licence is passported across the European Economic Area, allowing it to serve clients in multiple EU markets without additional licensing. Client funds are held in safeguarding accounts at approved EU credit institutions, ensuring segregation from operational funds. The company's proprietary compliance platform handles KYC/AML checks, transaction monitoring, and regulatory reporting, all managed by a dedicated in-house team.

Market Position and Competitors

Moneygate operates in the competitive European B2B payments space, alongside other EMIs such as Revolut Business, Wise Business, and Monese. However, its focus on regulated infrastructure and embedded banking gives it a niche, especially for fintech platforms seeking to add payment services. The iGaming sector is a notable vertical, where its fast onboarding and bulk payment features are valued. Moneygate does not compete on consumer-facing features; instead, it positions itself as a backend payments partner for businesses.

Strategic Direction

Moneygate is actively developing its embedded banking offering, aiming to become a backend infrastructure provider for other fintechs and platforms. By exposing its regulated services through a well-documented API, it enables partners to launch financial products without obtaining their own EMI licence. The company continues to invest in its compliance tooling and correspondent banking relationships to maintain reliability. Future growth likely involves expanding into additional EU markets and deepening its API integrations with popular ERP systems.