Question 1

What is Xace?

Accepted Answer

Xace is a UK-based regulated fintech platform specializing in digital business accounts and payment solutions for high-risk and compliance-sensitive industries. The company serves sectors such as iGaming, fintech, esports, digital assets, gaming affiliates, and other innovative businesses that often face challenges accessing traditional banking services. Xace provides multicurrency digital business accounts in over 20 currencies, virtual IBANs, virtual debit cards, and cross-border payment processing powered by multiple banking rails including SEPA, UK Faster Payments, BACS, CHAPS, ACH, and SWIFT.

Question 2

When was Xace founded?

Accepted Answer

[Information not publicly available]. While specific founding details are not disclosed, Xace has established itself as a market leader in providing payment solutions to the gaming and financial services sectors, with many years of experience in payments and banking.

Question 3

Where is Xace headquartered?

Accepted Answer

Xace is headquartered in the United Kingdom. The company holds regulatory licenses from both the UK's Financial Conduct Authority (FCA) and Malta's Financial Services Authority (MFSA), reinforcing its position as a trusted financial infrastructure partner in the UK and European Union.

Question 4

Where does Xace operate?

Accepted Answer

Xace operates primarily in the United Kingdom and has expanded its operational presence across Europe, including Cyprus. The platform serves businesses worldwide, offering services in over 20 currencies and enabling payments to more than 200 countries. Their correspondent banking network connects them to 10 correspondent banks globally to maintain seamless payment processing 24/7.

Question 5

What services does Xace offer?

Accepted Answer

Xace provides comprehensive business banking solutions including multicurrency digital business accounts in currencies such as EUR, GBP, USD, CAD and 20+ others. Services include virtual IBANs, virtual debit cards, cross-border payment processing, foreign exchange services with instant FX between accounts, batch payments for streamlining supplier payments and player payouts, recurring payment scheduling, and multi-user access with customizable permissions and dual sign-off capabilities.

Digital services include Internet Banking and Mobile Banking platforms, as well as developer-friendly APIs for business integration. Through Xace Pay, the company provides specialized services for regulated financial institutions, connecting businesses to correspondent banking networks for seamless worldwide payments. Their "Era by Xace" offering provides fee-free business accounts for regulated gaming companies, eliminating monthly and transaction costs while enabling FX and cross-border payments.

Xace Labs, their technology division, offers Software as a Service solutions including advanced banking software for fintechs, treasury technology to consolidate banks and payment processing, scalable payment infrastructure with open banking capabilities, and white-label solutions adapted to client brands.

Question 6

What makes Xace unique?

Accepted Answer

Xace fills a critical gap in the market by serving sectors that mainstream banks often decline, particularly iGaming, fintech, and digital assets. The platform's deep niche expertise in high-risk markets, combined with dual regulatory authorization from the UK FCA and Malta MFSA, provides credibility and trust. Their innovative "Era by Xace" product offers fee-free business accounts for regulated gaming companies, a revolutionary approach in the sector.

The company's extensive correspondent banking network ensures payment continuity even in challenging markets. Xace's technology-first approach includes comprehensive APIs, mobile and web platforms, and advanced features like batch payments and treasury management tools. Their rapid onboarding process, experienced account management team, and 24/7 support distinguish them from traditional banking alternatives.

Question 7

What type of financial institution is Xace?

Accepted Answer

Xace is a Regulated Fintech Payment Institution operating under licenses from the UK's Financial Conduct Authority and Malta's Financial Services Authority. Rather than functioning as a traditional bank, Xace operates as an electronic money institution and payment service provider, offering digital business accounts and payment processing services. This regulatory structure allows them to provide banking-like services specifically tailored to industries that require specialized compliance frameworks and flexible payment infrastructure, positioning them as an alternative financial services provider in the UK and European fintech ecosystem.

Xace

in the United Kingdom 🇬🇧

Crypto-Friendliness

All done!

About Xace in the United Kingdom