Fintech infrastructure providers in Belgium

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.

Bancontact Payconiq Company (Brussels, Belgium) - operator of Bancontact, Belgium's domestic card + A2A scheme (2018 merger of Bancontact and Payconiq); shareholders Belfius, BNP Paribas Fortis, ING, KBC and AXA. Rebranding to 'Bancontact Company' / 'Bancontact Pay' (spring 2026) and introducing Wero. European card scheme.

Billit (Ghent, Belgium; founded 2014) - e-invoicing and digital administration platform (300,000+ users, 5m+ invoices per month) operating its own certified Peppol Access Point; ISO 27001, EU-hosted. One of the few e-invoicing players holding a payment-institution licence (NBB).

EPI Company (Belgium / pan-EU) - operator of Wero, an A2A scheme owned by 16 bank and PSP shareholders (BNP Paribas, Deutsche Bank, ING, KBC, SocGen, Nexi, Worldline, Sparkassen and others); acquired iDEAL and Payconiq (Oct 2023). 50m users; e-commerce from 2026.

🏦 Local IBANs: BE

iBanFirst (Belgium) - own IBAN accounts and cross-border multi-currency payments. Payment institution, National Bank of Belgium (company 0849.872.824).

InvestSuite (Leuven, Belgium) - B2B white-label investtech SaaS: robo-advisor, self-investor, portfolio optimizer, reporting. Software vendor for banks and wealth managers.

itsme (Belgian Mobile ID, Belgium) - eIDAS-notified mobile eID (Level of Assurance High) + Qualified Trust Service Provider for e-signatures; 7.5M users. Built by 4 Belgian banks + 3 telcos; usable across Europe.

Mobilexpense (Belgium) - enterprise expense-management software (Declaree brand) with OCR/AI and a configurable policy engine. Pure software.

OpenWay (Belgium) - Way4 white-label card issuing and payments software. Unlicensed technology.

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.

Qover (Brussels, Belgium; founded 2016) - embedded-insurance orchestration: an API-first platform letting banks, fintechs and mobility players embed insurance as a native part of their product, working with licensed carriers across Europe.

Rydoo (Belgium) - expense-management software for multinational finance teams, with global compliance. Pure software (no card licence).

Twikey (Belgium) - Europe's cross-border e-mandate and direct-debit platform: digital SEPA Core and B2B mandates plus UK Bacs/AUDDIS; executes a large share (~80%) of Dutch B2B direct-debit transactions; itsme-integrated mandate signing.

Unifiedpost Group (Belgium; Euronext Brussels) - e-invoicing and e-reporting across 60+ countries (brands Banqup, Billtobox); SME-focused document, invoicing and payment flows.

🏦 Local IBANs: BE

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