iGaming Payment Solutions
FinXP Review
Is It the Right Account Provider for Your iGaming Business?
A Maltese EMI with euro accounts for regulated iGaming operators and affiliates. Kindred Group, now part of FDJ United, started working with FinXP in 2018.
- Founded
- Headquarters
- Naxxar, Malta
- Regulator
- MFSA
Naxxar, MaltaQuick Info
- Type
- E‑money institution
- Class
- Own license
- Regulator
- MFSA
- License
- PWO
- HQ
- Naxxar, Malta
- Pricing
- On request
Our Verdict: Should You Bank With FinXP?
Final assessment for iGaming operators, studios and affiliates
Tier 1: on a regulator's register, open to gambling businesses, and with a named operator client
Summary
FinXP, a Maltese e-money institution that has served regulated iGaming operators since it started, gives a licensed operator its own euro IBAN with SEPA, SWIFT and batch payouts. The account holds nothing but euros, and fees come only after the compliance review, so every operator negotiates its price from zero. The decision turns on how much of an operator's money moves in euros.
Strongest Point
FinXP holds its own MFSA e-money license, clears SEPA itself as a direct CENTROlink participant and is a principal member of Mastercard, so the IBAN, the euro clearing and the card program all sit with one licensee. On the gambling side, Kindred Group started working with FinXP in 2018.
Key Limitation
Accounts are euro only. An operator that settles in GBP, SEK or USD can pay out in those currencies through FinXP PLUS but cannot hold them, so it needs an account elsewhere for those balances. FinXP also decides which gambling licenses it accepts during the compliance review, so an operator licensed offshore gets a firm answer only after it applies.
Recommendation
Use FinXP as the euro settlement and supplier-payment account of a licensed European operation. Raise your gambling license in the first sales call, before the KYB pack goes in, and move volume only once the fee quote is in writing. If most of your money moves outside the euro, pair FinXP with a multi-currency provider from this section.
Pros
- Own MFSA e-money license since 2015, passported across the EU and EEA, with direct SEPA clearing through CENTROlink
- Dedicated euro IBAN held in the client's own name
- Kindred Group relationship that began in 2018
- Affiliates served as a distinct client type, with batch payouts
- No EU entity required to open an account
Cons
- Euro accounts only, with other currencies limited to FinXP PLUS payouts
- Fees quoted only after the compliance review
- Offshore-licensed operators learn whether they qualify only in onboarding
Ready to open the conversation with FinXP?
Gambling Policy
Whether the company serves iGaming businesses, on what terms, and which licenses and client types it accepts
“We started as a European payments business serving companies that traditional banks found difficult to categorize: regulated iGaming operators, FX brokers, digital asset firms and cross-border merchants.”
Our reading
Regulated iGaming operators were part of FinXP's first client base, and affiliates are served today as a client type of their own.
Licenses named as accepted
Client types named
License, Read in the Register
Entity, license type and number as the regulator prints them, with the date we read the entry
- Malta Financial Services AuthorityRead , register page
FINXP LIMITED · E-money institution · PWO
Financial Institution, Licence Authorised (since Jul 14, 2015)
EU passport to All EU/EEA States since (Licence Authorised)
- Legal entity
- FinXP Limited, C 65783
- Headquarters
- Naxxar, Malta
- Founded
- 2014
- Class
- Own license
Safeguarding of client money
Client funds are kept apart from FinXP's own funds at regulated credit institutions and are never lent out.
The Account
What the operator actually gets on the account, and what it costs to open
- IBAN in your company's nameYes
Dedicated account, not a pooled reference
- SEPAYes
SEPA Credit Transfer, SEPA Direct Debit, CENTROlink direct participant
- SEPA InstantNo
Not stated by the provider
- SWIFTYes
EUR accounts only, with payouts in 60+ currencies to 130+ countries through FinXP PLUS
- CardsYes
Corporate cards on the account
- APIYes
Programmatic access to payments and reporting
- Bulk payoutsYes
Batch payments for affiliates and suppliers
- Crypto or stablecoinsNo
None on the account
- Card acquiring as wellYes
Hybrid: the cashier side is rated in the PSP catalog, not here
| Feature | Status | Details |
|---|---|---|
| IBAN in your company's name | Yes | Dedicated account, not a pooled reference |
| SEPA | Yes | SEPA Credit Transfer, SEPA Direct Debit, CENTROlink direct participant |
| SEPA Instant | No | Not stated by the provider |
| SWIFT | Yes | EUR accounts only, with payouts in 60+ currencies to 130+ countries through FinXP PLUS |
| Cards | Yes | Corporate cards on the account |
| API | Yes | Programmatic access to payments and reporting |
| Bulk payouts | Yes | Batch payments for affiliates and suppliers |
| Crypto or stablecoins | No | None on the account |
| Card acquiring as well | Yes | Hybrid: the cashier side is rated in the PSP catalog, not here |
Onboarding
- Non-EU companies
- Yes
- Time to open
- Not stated
- Licenses named
- Not stated
Pricing, on request
Fees are quoted individually after the compliance review.
Named Clients and Reputation
Who vouches for the provider on the record, and what its own customers say
Named iGaming clients
- Kindred Group
Reputation
0% one-star, read Sep 1, 2026. Too few to carry any weight.
Not to be confused with: Finaro, a Maltese payments licensee that is part of Shift4, is a separate company with no link to FinXP.
Frequently Asked Questions
3 questions about FinXP
No. FinXP Limited is an electronic money institution. The MFSA licensed it under the Financial Institutions Act on July 14, 2015, for e-money issuance and payment services 2(a) to 2(e), including acquiring and issuing. The license is passported across the EU and EEA, and FinXP clears SEPA directly as a CENTROlink participant. Client funds sit at regulated credit institutions, while FinXP itself is not one.
Yes. FinXP serves regulated iGaming operators and affiliates, and companies from outside the EU can apply. It decides which gambling licenses qualify during its compliance review.
FinXP prices each client individually and sends the fee quote after the compliance review, so an operator learns what the account costs only once its KYB file has cleared.