BaaS providers with full EEA data residency

Advapay (Estonia) - Macrobank core banking software for EMIs and PIs; front-to-back, CENTROlink/SEPA-ready, available as SaaS or perpetual licence, plus fintech-licensing consulting. Unlicensed technology (BYOL).

Aion Bank (Belgium) - digital bank and BaaS across the EU (embedded accounts, deposits, lending and payments, paired with Vodeno tech). ECB-licensed credit institution. Acquired by UniCredit (with Vodeno) for ~EUR 370m, completed Mar 2025.

Aircash d.o.o. (Zagreb) - e-money institution, Croatian National Bank (ref IEN116); m-wallet, prepaid cards, mobile payments, transfers; passported across the EEA.

Bank Frick (Liechtenstein; family-owned, founded 1998) - banking and acquiring for PSPs and fintechs; the only Liechtenstein bank with both Visa and Mastercard acquiring licences, and the first EU bank in blockchain banking (2018). First Liechtenstein entry in the catalogue.

🏦 Local IBANs: LT

Bankera (Lithuania) - business and personal banking (LT IBANs, SEPA/SWIFT, cards) operated via UAB Pervesk (EMI, Bank of Lithuania). Earlier 2017-18 ICO-funded history.

🏦 Local IBANs: GB DE LU

Banking Circle S.A. (Luxembourg) - cross-border banking, accounts, payments and settlement for banks, PSPs and fintechs; issues the EURI euro stablecoin. Credit institution, CSSF (LUB00000408); not the unrelated 'Circle Group S.A.'.

BankingBlocks (Amsterdam, Netherlands) - wholesale BaaS for fintechs: multi-currency IBANs, payments, FX and card issuing via a modular 'blocks' API / white-label. Regulated payment institution; SEPA/SWIFT member and direct Visa/Mastercard/Cartes Bancaires acquirer. Website unreachable since at least 2026-07-12 (re-confirmed manually 2026-07-19; no Wayback snapshots); no BankingBlocks entity in the EBA PSD2 / FCA registers (golden copy 2026-07-18) - the PI claim is unverifiable, IBAN sponsor tag removed pending signs of life or official status.

Barion Payment Zrt (Budapest) - e-money institution, MNB licence H-EN-I-1064/2013; online payment gateway, e-money wallet, card acceptance. #1 Hungarian EMI, EEA-passported.

🏦 Local IBANs: ES

Cecabank (Madrid, Spain) - wholesale bank offering BaaS to FIs, fintechs and corporates: payments, securities services, treasury and digital solutions; a settlement/agency bank enabling fintech payments and IBANs.

🏦 Local IBANs: LT

ConnectPay (Lithuania) - BaaS and embedded finance for platforms (accounts, payments, cards). EMI No. 24 (Bank of Lithuania); PIS/AIS extension 2024.

🏦 Local IBANs: CY

ECOMMBX (Cyprus) - business IBAN accounts in the company's own name, cross-border payments, cards, acquiring and multi-currency (ECOMMVERSE platform). Cypriot EMI (Central Bank of Cyprus).

🏦 Local IBANs: IT

Fabrick (Italy) - licence-as-a-service and open-finance middleware, including virtual IBANs as a service (via Banca Sella rails). Payment Institution (AIS+PIS), Bank of Italy; 80% owned by Banca Sella.

Fininbox (Lithuania) - 'system-in-a-box' core banking SaaS used by banks and EMIs (e.g. Bankera). Unlicensed technology (BYOL).

🏦 Local IBANs: IE

Fire (Ireland) - EUR and GBP accounts, Irish IBANs and an API; a Payment Institution under the Central Bank of Ireland (Ref C58301), with a UK entity. NB: PI, not EMI.

🏦 Local IBANs: LT

Genome (UAB Maneuver, Lithuania; since 2018) - LT IBANs, accounts and cards. EMI LB000453 (Bank of Lithuania).

🏦 Local IBANs: BG

iCard (Bulgaria) - personal and business IBANs, cards and a wallet (Phyre); the 2nd-largest EMI in Bulgaria (37.8% share). EMI, Bulgarian National Bank.

Intersolve (Intersolve Payments B.V., Netherlands) - programmable-money infrastructure: white-label gift, loyalty and social card programmes plus the regulated foundation (licence, compliance, KYC, processing) for wallet platforms such as KUARIO. DNB-licensed EMI. Website consolidated onto intersolve.com (2026); no customer IBAN issuance documented - wallet payouts go to external bank accounts.

🏦 Local IBANs: FR

Lemonway (France) - marketplace payments with dedicated virtual IBANs. EMI, ACPR (reg 16568).

🏦 Local IBANs: EE GB

LHV Pank (Tallinn; 4th-largest EE bank) + LHV Bank (UK full banking licence 2023). The fintech-preferred BaaS bank: virtual IBANs, SEPA Instant + Faster Payments, FX; 200+ fintech clients (Wise, Lightyear...).

🏦 Local IBANs: LU

Mangopay (Mangopay S.A., Luxembourg) - marketplace and platform payments with per-user virtual IBANs. EMI, CSSF.

🏦 Local IBANs: DK NO SE

Moonrise (Denmark; spun out of Lunar bank, Dec 2024) - Nordic BaaS / clearing-infrastructure access via a single API for account and clearing across Denmark, Norway and Sweden, leveraging Lunar's banking licence.

🏦 Local IBANs: FI

Narvi (Finland) - business accounts and IBAN-as-a-service: dedicated IBANs, SEPA Instant, multi-user accounts and a developer API. Finnish EMI, passported across 29 EEA countries.

Natech Financial Software (Ioannina/Athens, Greece) - Greek core-banking and BaaS vendor: core banking systems and digital engagement tools for banks and fintechs. Co-founded Snappi, the Piraeus Bank joint-venture neobank, which received a universal banking licence from the ECB in June 2024 - a rare Greek-built banking stack proof point.

🏦 Local IBANs: LT

UAB NexPay (reg 304708124) - EMI, Bank of Lithuania; dedicated IBANs + payments for digital businesses; passported across 30 EEA; SEPA (SCT/Inst) + SWIFT (BIC NEUALT21). Also crypto OTC (Nexdesk).

NoFrixion (Dublin, Ireland; founded 2020) - programmable payment accounts for businesses: API-driven current accounts, receivables and payables (programmable money) for finance teams and non-bank lenders. E-money institution authorised by the Central Bank of Ireland (ref CBI00458163).

🏦 Local IBANs: FR

Okali (SFPMEI, Banque de France; France) - a BaaS pioneer since 2013 and the regulated entity behind Spendesk, Blank, Helios and others. EMI; 100% Crédit Agricole subsidiary (Jan 2022).

🏦 Local IBANs: MT

Papaya Ltd (Malta) - Mastercard cards plus business and personal IBAN accounts; one of the first EU EMIs with direct SEPA access (SCT + SEPA Instant, Sep 2025), powering fintech apps (e.g. Blackcat). Maltese EMI (MFSA). Listed in the EPC register of SEPA participants; also acts as a correspondent institution giving other FIs regulated SEPA access.

🏦 Local IBANs: DE

PayCenter (Freising, Germany; since 2012) - current accounts with German IBANs and prepaid Mastercard cards for individuals and 8,000+ business customers; the first German EMI with its own BaFin BIC/sort code.

Paynovate (Belgium) - card issuing and BIN sponsorship; Principal Member for Visa, Mastercard and Bancontact-Payconiq (a European domestic scheme). Belgian EMI (NBB); the #1 EMI in Belgium.

🏦 Local IBANs: LT

Paysera (Lithuania; since 2012) - LT IBANs, SEPA, multi-currency accounts and cards. EMI LB000251 (Bank of Lithuania).

🏦 Local IBANs: ES

Pecunpay (Pecunia Cards EDE SL, Spain; est. 2015) - card issuing and BIN sponsorship; Visa/Mastercard and the first Spanish issuer of UnionPay cards. Spanish EMI (Banco de Espana). First EMI with direct access to the Spanish payment system (Iberpay) and its own IBAN codes.

Powens (France; since Mar 2018) - open banking AISP + PISP passported in 30 EU countries, with IBANs via Unnax (which it acquired). Payment Institution, ACPR.

Qonto SA - payment institution, ACPR n° 16958; SME business banking (accounts, cards, invoicing, expense). 600k+ clients across 8 EU countries; in-house card processor. Filed for FR banking licence (Jul 2025) to add lending. Profitable since 2023.

🏦 Local IBANs: LT

Satchel (SatchelPay UAB, Lithuania) - LT IBANs (personal and business) and cards. EMI No. 28 (Bank of Lithuania, reg 304628112).

🏦 Local IBANs: DE

Solaris (Germany) - BaaS, card issuing and BIN sponsorship on a German banking licence. Credit institution, BaFin. Acquired Contis (2021). NB: heightened BaFin supervision (onboarding restrictions, fines 2024-2025).

🏦 Local IBANs: LU

Striga (Luxembourg) - crypto BaaS, card issuing and virtual IBANs. EMI + CASP licence (Luxembourg). Acquired by Lightspark (US) - sovereignty flag.

🏦 Local IBANs: FR DE ES IT NL BE

Swan (France) - embedded banking, accounts and card issuing; Mastercard Principal Member sponsoring embedded card programmes. EMI, ACPR (ref 86245).

🏦 Local IBANs: FR

Treezor (France) - BaaS, card issuing and tokenization; Visa & Mastercard Principal Member. NB: Societe Generale entered exclusive negotiations to sell 100pct of Treezor to French investech Shares (2026).

Tuum (Tallinn, Estonia) - cloud-native modular core banking software (BYOL). Unlicensed technology.

🏦 Local IBANs: ES

Unnax (Unnax Regulatory Services EDE SL, Spain) - triple AISP/PISP/EMI licence with Spanish IBANs; part of Powens. EMI, Bank of Spain (reg 6719).

Velmie (Estonia) - core banking software/platform supporting fiat and crypto rails (BYOL). Unlicensed technology.

🏦 Local IBANs: LT

Vialet (Via Payments UAB, Lithuania) - business accounts with dedicated LT IBANs (no pooled accounts), virtual cards, card acquiring, SEPA Instant + SWIFT, mass payouts and open banking. EMI, Bank of Lithuania.

🏦 Local IBANs: BE

Vodeno (Belgium / Poland) - BaaS technology, with the licence held via Aion Bank (BE, ECB); acquired by UniCredit (Mar 2025).

🏦 Local IBANs: FR

Xpollens (France) - BaaS / 'payments in a box' platform from Groupe BPCE (a Natixis Payments + Visa JV, 2019): white-label accounts, Visa issuing and pay-in/out, backed by the largest Visa issuer in continental Europe.