Embedded lending and BNPL providers in Europe
33 verified European providers, ranked European-origin first (27 EU/EEA-origin). Credit origination, BNPL and servicing. Compare by EEA data residency, licence and regulator - each verified at source.
33 verified providers
Last source verification in this list: 2026-07-19. How we verify →
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.
Alma (Paris, France; founded 2018) - split-payment and BNPL. ACPR-licensed payment institution and financing company (no. 90786). EUR 2.5bn volume in 2025 (profitable), 23k merchants across 10 countries; partners with the CB scheme.
Banxware (Berlin, Germany) - embedded-lending orchestrator for B2B platforms (loans EUR 1k-250k), with licensing and compliance via bank partners (e.g. HypoVereinsbank/UniCredit).
Billie (Berlin, Germany) - B2B BNPL: embedded payment terms for B2B marketplaces (Metro, Mercateo). NB: 2025 BaFin guidance requires B2B BNPL to hold a KWG credit-institution licence or partner with a licensed bank.
Defacto (France) - B2B lending fintech offering standard credit loans; the first such fintech licensed by the ACPR (Feb 2024). 17k+ businesses across FR/DE/ES/NL/BE.
🏦 Local IBANs: LT GB
DiPocket (Lithuania; + UK) - card issuing and IBAN accounts; Visa & Mastercard Principal Member. EMI, Bank of Lithuania (EEA) + FCA (UK). SEPA + SWIFT, LT IBANs and UK Faster Payments.
finmid (Berlin, Germany) - B2B embedded lending handling underwriting, licensing and collections for platforms across 30+ EU countries.
Finom (Amsterdam, Netherlands; founded 2019) - all-in-one SME financial platform: local IBANs, Visa debit, e-invoicing and accounting, plus SME lending (NL). EMI licence, DNB (2021); active in NL/FR/DE/IT/ES, 125k+ customers; Series C EUR 115m (2025).
Klarna Bank AB (publ) (org. 556737-0431) - full banking licence Swedish FSA since 2017 (category 2 institution), passported EEA. BNPL pioneer; rolling out Klarna Card (debit) across 10 EU markets 2025; FCA authorisation UK (Jul 2025). NB: SFSA SEK 500m AML remark/fine 2025.
Leanpay (Ljubljana, Slovenia; founded 2017) - the leading BNPL / point-of-sale instalment provider of the Adriatic and CEE region: 120,000+ customers and 1,500+ merchants across Slovenia, Serbia, Romania and Hungary, approx. EUR 103m in loans issued; EUR 10m Series B led by BlackPeak Capital (Jul 2024).
Mambu (Germany-founded; HQ Amsterdam) - composable core banking SaaS that needs a licensed partner; $446m raised, acquired Numeral (Dec 2024). Unlicensed technology.
Mondu (Berlin, Germany; founded 2021) - pan-European B2B BNPL and payment terms; EUR 100m credit line from J.P. Morgan Payments (Dec 2025) plus the J.P.M. Partner Network.
October (ex-Lendix, France; founded 2014; FR/ES/IT/NL/DE) - SME lending marketplace. ECSP licence + IFP (ORIAS 15000364); financed EUR 1bn+. NB: no longer offering new financing - managing the existing book.
Opyn (ex-BorsadelCredito, Italy; since 2015) - Italian SME digital lender; regulated, disbursed EUR 752m in 2022.
Riverty (ex-Arvato Financial Solutions, rebranded 2022; Baden-Baden, Germany) - the fintech arm of Bertelsmann: AfterPay-brand BNPL, e-invoicing and direct debit; 28m+ consumers, 80m+ transactions a month.
SBS (Sopra Banking Software, Paris, France) - global core banking, lending and financing software; rebranded SBS, formerly part of Sopra Steria, acquired by Axway (FR) Feb 2024. Unlicensed technology.
Scalapay (Italy) - BNPL pay-in-3; acquired the Italian PI Cabel IP (Bank of Italy-authorised, now Scalapay IP). Italy's first unicorn.
SeQura (Barcelona, Spain; founded 2014) - Spain's home-grown BNPL and flexible-payments leader: instalments and pay-later for e-commerce, 2m+ shoppers and 5,000+ merchants, approx. EUR 1bn transactions (2024); EUR 150m financing facility from Citi; Stripe partnership. Leads Spanish e-commerce BNPL alongside Aplazame, Klarna and Alma.
Silvr (Paris, France) - revenue-based financing (RBF) for SMEs and e-commerce; one of Europe's RBF pioneers. Non-bank financing provider, registered SIREN 884 558 453 (RCS Nanterre).
🏦 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).
Twisto (Prague, Czech Republic) - the leading Czech BNPL provider: deferred payments and consumer credit at checkout, 33m+ transactions and approx. EUR 845m total transaction value. Payment institution (Czech National Bank). Acquired by Param, Turkey's largest fintech, in Aug 2023 - ownership flag (TR / Wider Europe parent).
Two (Oslo, Norway; founded 2021) - B2B BNPL / instant trade credit with real-time underwriting; partners include Visa, ABN AMRO, DNB and Qliro, with 200+ merchants across Europe and US expansion. EUR 40m+ raised.
Varengold Bank (Hamburg, Germany; full banking licence, BaFin 109520, since 2013) - fronting/BaaS and international payment services for fintechs (German IBANs). NB: BaFin AML enforcement - EUR 3.3m fine (Aug 2025) and a 2023 Iran-related transaction prohibition - a status/risk flag. Rebranded to Ascory Bank (2026; Hamburg + Sofia), positioning as financing partner for start-ups/scale-ups; 2025 EBT ~EUR 2.0m. 2025-2026: renamed Ascory Bank and repositioned as a specialist bank for structured financing (start-up/scale-up lending in fintech, energy transition, leveraged finance) - the fintech banking-services/IBAN offering is no longer marketed.
Wayflyer (Dublin, Ireland; founded 2019) - revenue-based financing and inventory finance for e-commerce and consumer brands: fixed-fee capital repaid as a share of daily revenue; USD 5bn+ deployed to 5,000+ businesses across 11 countries; unicorn status. Non-bank lender (unregulated lending model).
Younited (Younited S.A., France) - instant consumer credit and credit-as-a-service across FR/IT/ES/PT; acquired Helios (2025), profitable H2 2025. ECB-licensed credit institution (ACPR auth. 16488), supervised by ACPR + ECB.
Temenos (Geneva, Switzerland; listed since 2001) - core banking software, ranked #1 in core banking for 21 years (IBS). Unlicensed technology.
Teylor (Zurich, Switzerland; founded 2018) - SME lending platform and Teylor Lending Cloud SaaS, with factoring in 7 countries; acquired creditshelf and the grenke factoring arm. EUR 150m financing (Fasanara, 2025). Swiss fintech.
Capital on Tap (New Wave Capital Ltd, UK) - SME business credit cards and lending; 200k+ SMB customers in the UK and US, GBP 20bn+ spend. Not a bank - restricted business-lending licence (FCA FRN 625592).
Finastra (UK) - large incumbent core-banking and lending software (Misys + D+H); owned by Vista Equity Partners; selling its US banking unit (2025).
Liberis (UK) - revenue-based financing distributed via partners (Barclaycard, eBay, Worldpay). Not an FCA-licensed lender - EMD Agent only (2019); Qred (SE) took a stake.
Teya (ex-SaltPay; London HQ, Icelandic roots; founded 2019) - SME payments group: SME acquiring and lending (Liberis partnership), and owner of Paymentology + MeaWallet (issuer processing / tokenization). UK e-money via YoYo Wallet; Teya Iceland hf. (FCA-registered).
YouLend (UK) - embedded financing (150k+ merchant cash advances) across UK/EU/US, with a JPMorgan partnership. FCA Payment Institution (FRN 947287).
Hokodo (London / Paris / Vilnius) - B2B BNPL / digital trade credit; financed EUR 500m+ for 100k+ buyers, with a BNP Paribas partnership. NB: wound down in late 2025 (founders launched Liquidity Lab) - a proof-of-value entry for the status/risk column.
FAQ
What do embedded lending and BNPL providers offer?
Credit origination, scoring, servicing and BNPL checkout - either as a licensed lender or as software on your licence. Fintechnologica lists 33 verified lending providers (27 European-origin), with the lending type (BNPL, term, revolving, invoice) flagged.
Who carries the credit risk and the licence?
It varies: some providers lend from their own balance sheet under their licence; others are software where you (or a partner bank) carry risk. That single question drives compliance, capital and data-residency requirements - it is the first thing to clarify in an RFP.