Fintech News

SatchelPay to Introduce the Next-Gen Satchel Fintech Ecosystem 


SatchelPay, the EU-based electronic money institution (EMI), presents their next-gen financial product line branded as Satchel. The newly introduced and rebranded self-titled platform is designed to access the wide range of financial services intended both for businesses and individual clients. 

Consistently following the course set in 2017, when Satchel was founded, the company focuses on providing secure and flexible money transferring solutions. The latest product offers a unique range of Banking-as-a-Service (BaaS) and Software-as-a-Service (SaaS) options, including EU IBAN provision, card issuance, and SEPA & SWIFT payments procession, as well as the White label card program. 

The latter list intends for the clients searching for smooth, set-to-use, and, at the same time, easily scalable BaaS solutions to start their own fintech business without struggling with the regulation issues, software development, and resource-intensive operational management. The Satchel philosophy implies a rapid business deployment under the consulting team’s watchful eyes and full-time competent customer support literally one call away, together with strong and accurate attention to compliance and legal procedures.

Apart from the BaaS solutions, business clients are welcome to consider the benefits of convenient services for the day-by-day business run. Satchel is fully capable of covering the small and midsize business’s needs with well-thought-out options to transfer and collect money, business payment cards, payroll projects, and many more. The direct partnership with Mastercard allows Satchel clients to build their own internal money flow as an alternative to exhausting and high-priced bank accounting. 

Speaking on the new significant step in project development, Sergiy Barybin, the Satchel CEO, has made an accent on the newly introduced product’s flexibility. He also pointed out the importance of providing businesses with an opportunity to customize the set of fintech services they use in correspondence to its unique needs. 

“Long years of working on Fintech products show how challenging the financial aspect of running an own business could be. With our vast experience and greater understanding of all the pitfalls the business can face, we were headed to provide our clients with an opportunity to doing their own job instead of spending valuable time on the backend development, compliance, or endless searches for an acceptable way to organize their finances. Here’s when the Satchel concept first appeared. Today we are proud to introduce our flexible lineup of financial solutions that certainly makes Satchel a cutting-edge player in the EMI market.“

Apart from providing the services for institutional clients, Satchel will continue offering personal and corporate accounts, providing them with fast and fully remote account openings, ease of cross-border operations, and a high-security level.

About Satchel

Satchel is a Lithuanian-based EMI providing flexible & innovative financial solutions for personal and corporate clients, including SMB owners, financial institutions, and new fintech startups based both in EU countries and abroad.

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