FCA-registered e-Money Institution with Latvian roots

 Key Data

Company Name: xpate
Trading Style: xpate is the trading style of the FCA-registered e-Money Institution (EMI) xpate Ltd
Business Operations: Conducted in Asia via Novum Financial Technologies Pte. Ltd.
Founder: Mihails “Mike” Safro
Year Founded: 2019
Regulatory Oversight:

  • xpate Ltd (FCA Registration No. 11920779) is authorized by the UK Financial Conduct Authority (FCA) under an Authorized Electronic Money Institution (AEMI) license (Reference number 901021).
  • Novum Financial Technologies Pte. Ltd (Singapore Registration No. 201808498D) is registered in Singapore and supervised by the Monetary Authority of Singapore.


xpate provides merchants with IBAN multi-currency accounts, facilitating SEPA and SWIFT transfers, as well as offering debit cards. Merchants have the flexibility to pool multiple accounts, enabling easy and cost-effective currency exchange. Additionally, xpate serves as an acquirer, providing merchants with card services and alternative payment options through its payment gateway.

Value Proposition:

xpate aims to streamline financial management for e-commerce businesses by offering a single, integrated platform for payment collection and instant payouts. By empowering entrepreneurs with immediate access to funds after sales, xpate revolutionizes how businesses handle their finances. The platform offers a unified solution encompassing various payment methods, internet acquiring, bank transfers, and integration API’s, enhancing convenience and efficiency for merchants. Advanced technology solutions automate processes, complemented by robust security and fraud-monitoring systems.

Compliance Assessment:

As a regulated e-Money Institution authorized by the FCA and supervised by the Monetary Authority of Singapore, xpate demonstrates a commitment to regulatory compliance and oversight. The company’s adherence to regulatory standards ensures transparency, security, and reliability in its operations.

Customer Review


xpate provides a comprehensive payment processing solution for e-commerce businesses, offering convenience, efficiency, and security. With regulatory authorization from reputable authorities in the UK and Singapore, xpate’s compliance profile reflects a commitment to regulatory compliance and adherence to industry standards. Businesses can leverage xpate’s platform to streamline their payment processes, enhance checkout experiences, and gain instant access to collected funds, contributing to business growth and success.


We have not found any complaints about xpate abut due missing custoemnr review we rate them on ORANGE.

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