Peratera
- Founded
- 2022-01-01 in United Kingdom
- Headquarters
- London, United Kingdom
Peratera is a UK-based financial technology company founded in 2022 by Dmitry Savchenko, who saw the need for a unified platform to simplify global financial operations for online businesses. Authorised by the Financial Conduct Authority as an Electronic Money Institution, Peratera offers borderless banking and payment solutions, enabling businesses to open virtual multi-currency accounts in minutes, send and receive payments across 190+ countries in 50+ currencies, and access local payment networks such as SEPA, Faster Payments, BACS, CHAPS, ACH, and SWIFT. The platform also issues physical and virtual Visa and Mastercard cards, allowing e-commerce businesses to avoid currency conversion fees and manage spending efficiently. Peratera emphasises fee transparency by offering the real exchange rate without hidden markups and incorporates AI-supported anti-fraud systems to secure transactions. The company targets small to medium-sized enterprises, freelancers, and e-commerce merchants that require speed, scalability, and global reach, positioning itself as an all-in-one alternative to traditional banking.
Detailed Review
Company History and Founding
Peratera was founded in 2022 by Dmitry Savchenko, who identified the friction of fragmented, siloed banking options for online businesses. Savchenko built Peratera as a single gateway to simplify global financial operations, and the company was incorporated as PERATERA UK LTD in the United Kingdom. It received FCA authorisation as an Electronic Money Institution (registration number 1023849) shortly after its founding, allowing it to operate under UK regulatory oversight.
Business Model
Peratera operates as a fully digital, cloud-native financial services provider. Its core value proposition is consolidation: it replaces multiple bank accounts, currency exchange services, and payment processors with a single platform that handles account management, payments, and card issuance. The company makes money through transaction fees, currency conversion margins (though it claims to offer the real exchange rate without markups), and card issuance fees. It does not charge setup or monthly maintenance fees for accounts.
Products and Services
Virtual Multi-Currency Accounts – Businesses can open accounts in 10 minutes or less, supporting 50+ currencies with no setup or maintenance fees. Users can hold balances in multiple currencies simultaneously. Cross-Border Payments – The platform enables sending and receiving payments in 190+ countries via SEPA Instant, Faster Payments, BACS, CHAPS, ACH, and SWIFT networks. Physical and Virtual Cards – Issued on Visa and Mastercard networks, allowing spending in 38 markets and 24 currencies without currency conversion fees. Single-use virtual cards enhance security for online transactions. Currency Exchange – Offers the real exchange rate without hidden markups for converting between supported currencies. Payment Processing – Accept local and international payments through the platform. Direct Debit Collections – Recurring payment collection from customer bank accounts. API Access – Payment tracking tools and transaction monitoring via API for SWIFT and other rails.
Market Position and Competitors
Peratera is a relatively new entrant in the crowded UK fintech space, competing with established players like Revolut Business, Wise, and other EMI providers. Its strengths include rapid onboarding, broad currency and payment rail coverage, transparent pricing, and integrated card issuing. However, it has limited brand awareness and a shorter track record compared to incumbents. The company has not publicly disclosed any funding rounds or headcount, and its exact London headquarters address is not listed.
Regulatory and Security
Peratera is regulated by the UK FCA as an Electronic Money Institution. It complies with UK anti-money laundering and know-your-customer regulations. Customer funds are held with partner payment service providers. The company employs AI-supported anti-fraud systems that monitor transactions 24/7, and it also offers single-use prepaid cards as an additional security layer.
Key Products
Peratera Global Business Account
Multi‑currency virtual account allowing businesses to receive, hold, and send funds in 50+ currencies across 190+ countries. Supports local bank transfers (SEPA, Faster Payments, BACS, ACH, SWIFT) and includes an API for payment tracking.
Peratera Smart Cards
Physical and virtual prepaid cards (Visa/Mastercard) for e‑commerce, with the ability to issue single‑use cards. Available in 38 markets and 24 currencies, with no currency conversion fees.
SEPA Instant Payments
Real‑time payments across Europe for improved cashflow management.
Direct Debit Collections
Automated recurring payment collection from customers’ bank accounts, maintaining direct customer relationships.
AI Anti‑Fraud System
24/7 monitoring of transactions using machine learning, complemented by single‑use cards for enhanced security.
Global Business Account
Multi-currency virtual IBAN accounts allowing businesses to hold, send, and receive funds in over 20 currencies across 190+ countries. Supports SEPA, Faster Payments, BACS, CHAPS, ACH, and SWIFT.
Physical & Virtual Cards
Visa and Mastercard corporate cards for online and in-store spending, with fraud protection and support for 24 currencies across 38 markets.
Faster Payments (UK)
Near-instant GBP payments with 24/7 availability and settlement typically within seconds.
BACS Payments
Batch payment processing for payroll and supplier payments within the UK.
ACH Payments (US)
Low-cost domestic payments across the US Automated Clearing House network.
SWIFT Payments
International wire transfers with tracking via API and transparent fee structures.
Anti-Fraud System
AI-powered 24/7 transaction monitoring and single-use virtual card tokens.
API Platform
RESTful APIs for payment initiation, account management, and treasury integration.
Virtual Multi-Currency Accounts
Open in minutes, support 50+ currencies, allow holding and managing funds in multiple currencies simultaneously.
Cross-Border Payments
Send and receive payments in 190+ countries via SEPA, Faster Payments, BACS, CHAPS, ACH, and SWIFT networks.
Currency Exchange
Real exchange rate (no hidden markups) for converting between supported currencies.
Payment Processing
Accept local and international payments through the platform.
API Access
Payment tracking tools and transaction monitoring via API for SWIFT and other rails.
Offices & Headcount
35 employees (approx.)
Key Persons
Dmitry SavchenkoFounder & CEO