Verified provider profile

Monavate

Monavate is a UK (outside the EU/EEA) fintech-infrastructure provider (BIN sponsor, Card issuing software, Issuer processing). Verified at source - licence, regulator and registry reference. Active

UK · UK / LithuaniaEEA data: PartialLicence: EMIVerified at source 2026-06-25
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Who it's for

Monavate is built for teams launching card programmes without their own Visa/Mastercard scheme membership. It holds its own e-money licence, so programmes can run under its umbrella with safeguarded client funds. Verified stand-outs: EEA-wide card issuing passport.

Sovereignty profile

  • Data residency (EEA): Partial - partly in the EEA - check the rail
  • Company origin: UK (UK / Lithuania)
  • Ownership / control: no change of control on record
  • Card scheme: US scheme - Visa / Mastercard / Discover (the elephant in the room)
  • Card issuing reach (BIN): EEA; UK - Yes

What Monavate does

BIN sponsorCard issuing softwareIssuer processing

Capabilities & rails

  • Card products: Prepaid; Debit
  • Settlement currencies: EUR; GBP

Verified licence profile

Monavate (UK; + Lithuania) - card programme issuing and BIN sponsorship; Visa / Mastercard / Discover Principal Member. UK FCA (901097) + UAB Monavate (Bank of Lithuania, LB002139, EEA). EEA card rail via the Lithuanian entity.

Verified 2026-06-25. How we verify → · Official website: monavate.com · Spotted something out of date? Report a correction.

Official register entries

  • E-money institution (EMI) - Bank of Lithuania · Ref LB002139 · Active (EBA PSD2 register, as of 2026-09-18)
  • E-money institution (EMI) - Financial Conduct Authority (FCA) · Ref 901097 · Active (FCA Financial Services Register, as of 2026-09-18)

Register-sourced. See the full European Fintech Index. Registers have no legal significance - always confirm current status with the home regulator.

Known to power

  • Verestro (issues-via) — Cards delivered via partner Monavate

European alternatives to Monavate

  • Enfuce EU core EMI Finland · EEA: YesShared: Card issuing software, BIN sponsor, Issuer processing, Cards: Prepaid / Debit, Card form: Virtual / Physical
  • Wallester EU core EMI Estonia · EEA: YesShared: Card issuing software, BIN sponsor, Issuer processing, Cards: Prepaid / Debit, Card form: Virtual / Physical
  • Walletto EU core EMI Lithuania · EEA: YesShared: BIN sponsor, Card issuing software, Issuer processing, Cards: Prepaid / Debit, Card form: Virtual / Physical
  • DiPocket EU core EMI Lithuania / UK · EEA: PartialShared: BIN sponsor, Card issuing software, Issuer processing, Cards: Prepaid / Debit, Card form: Virtual / Physical
  • Edenred Payment Solutions EU core EMI UK / Belgium · EEA: PartialShared: BIN sponsor, Card issuing software, Issuer processing, Cards: Prepaid / Debit, Card form: Virtual / Physical
  • Paynetics EU core EMI Bulgaria / UK · EEA: PartialShared: Card issuing software, BIN sponsor, Issuer processing, Cards: Prepaid / Debit, Card form: Virtual / Physical

FAQ

Is Monavate European / EEA-based?

Partly. Monavate is UK origin (UK / Lithuania); part of its rail or data sits outside the EEA - check the licence profile.

What does Monavate do?

Monavate covers: BIN sponsor, Card issuing software, Issuer processing. Verified at source by Fintechnologica.

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