Paynetics

Assessment

Paynetics is used by fintechs, program managers, payment firms, telecoms, and banks that need regulated payment accounts and cards in Europe. Its best use cases are embedded finance and BIN sponsorship, with clients and partners including Trading 212, Weavr, Vivacom, TBI Bank, and A1 Wallet. It prices by quote, and its main competitors are Wallester, Enfuce, Weavr, Thredd, and Tribe Payments.

Paynetics holds an e-money license from the Bulgarian National Bank issued in April 2016 and passported across the EU, and it is also authorized in the UK. It offers payment accounts, card issuing, acquiring, open banking, white-label apps, and BIN sponsorship, and it acquired the white-label banking front-end Phyre. Co-founder Valeri Valtchev is chief executive, and its last disclosed funding was a €2.5 million round in 2020.

It fits a program that wants accounts and cards from a licensed issuer with broad EU passporting. It is a weaker fit for a program outside Europe, or for buyers that want a large processor with public scale figures.

Rating by criterion

We score each of the eight criteria out of 100.

Sector criteria

Vendor criteria

Against its peers

These are the other companies in payments and acquiring, with their ratings.

User comments

These buyer-oriented points draw on Paynetics’ company and FAQ pages and its funding announcement.

• Upside

  “They sponsored our BIN and held the accounts, so we could launch cards in Europe without our own license.”

• Upside

  “Having acquiring and issuing from the same institution kept our settlement simple.”

• Downside

  “The company shares little about its own scale, which made our vendor review take longer.”

Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation. We omit sites where vendors pay to be featured or pay for a review, plus any review the site flags as incentivized.

Based on: Why Paynetics page; Paynetics FAQ; Paynetics funding announcement.

Fact file

Competitive landscape

European e-money issuers and card platforms a fintech would compare with Paynetics.

• Paynetics71
• Enfuce74
• Thredd74
• Wallester73
• Weavr73
• Tribe Payments71

Comparisons

• Wallester vs Paynetics

Key leadership

• Valeri Valtchev

Valeri Valtchev co-founded Paynetics and is chief executive. He is a former White & Case lawyer and serial entrepreneur.

How this review was created

This profile gives our own assessment of Paynetics to companies selecting a Payments & acquiring provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Paynetics gave us no payment for the profile.

The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.

Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on November 10, 2026. Figures reported in euros were converted to US dollars at the Federal Reserve H.10 rate of $1.1163 per euro on October 30, 2026.