Verified provider profile

Satchel

Satchel is a European (EEA-based) fintech-infrastructure provider (BaaS, IBAN sponsor, Card issuing software). Verified at source - licence, regulator and registry reference. Active

EU core · LithuaniaEEA data: YesLicence: EMIVerified at source 2026-07-19
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Who it's for

Satchel is built for teams that want accounts, payments and cards behind one contract and one API. It holds its own e-money licence, so programmes can run under its umbrella with safeguarded client funds. Verified stand-outs: local IBANs in LT.

Sovereignty profile

  • Data residency (EEA): Yes - hosted in the EEA - GDPR / CLOUD Act safe
  • Company origin: EU core (Lithuania)
  • Ownership / control: no change of control on record
  • Local IBANs: LT
  • Client funds: safeguarded (segregated at a credit institution) - ring-fenced from creditors, not deposit-guaranteed

What Satchel does

BaaSIBAN sponsorCard issuing software

Capabilities & rails

  • Payment rails (documented): SCT · SCT Inst · SWIFT
  • Account model: Dedicated
  • Account currencies: EUR

Verified licence profile

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

Verified 2026-07-19. How we verify → · Official website: satchel.eu · Spotted something out of date? Report a correction.

Official register entries

  • E-money institution (EMI) - Bank of Lithuania · Ref LB000448 · Active (EBA PSD2 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.

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FAQ

Is Satchel European / EEA-based?

Yes. Satchel hosts data in the EEA (GDPR / CLOUD Act safe); origin EU core, Lithuania.

What does Satchel do?

Satchel covers: BaaS, IBAN sponsor, Card issuing software. Verified at source by Fintechnologica.

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