EST. 2012 CODEGO GROUP LTD · MALTA EMBEDDED FINANCE PLATFORM LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CURRENCIES PCI DSS CERTIFIED 2025 API FIRST · WEBHOOKS 59 PROGRAMMES · LIVE ~366K CARDS · $1.1BN PROCESSED 2025 EMBEDDED BANKING · CARDS · PAYMENTS EST. 2012 CODEGO GROUP LTD · MALTA EMBEDDED FINANCE PLATFORM LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CURRENCIES PCI DSS CERTIFIED 2025 API FIRST · WEBHOOKS 59 PROGRAMMES · LIVE ~366K CARDS · $1.1BN PROCESSED 2025 EMBEDDED BANKING · CARDS · PAYMENTS
Codego · Embedded Finance · est. 2012 Vol. XIV · Product brief / Embedded finance ● Live · 15 IBAN countries · REST API
01

Embedded finance.
Accounts, IBAN, cards & payments
in your product via API.

Give your users a real multi-currency account with a local IBAN in 15 countries, a Visa or Mastercard card, crypto card access in 7 regions, SEPA/SEPA Instant/SWIFT payments in 21 currencies, Apple Pay, Google Pay and full KYC/KYB — all surfaced natively inside your own product through a single REST API. Codego is the embedded finance provider behind 59 live programmes and approximately $1.1 billion processed in 2025. No banking licence required. Live in around 15 days.

(A) IBAN countries
15local markets
(B) Payment rails
21currencies
(C) Programmes live
59programmes
(D) API surface
REST+ webhooks
02
Embedded finance capabilities
Eight composable building blocks — plug in what you need
8 modules

What you can
embed with Codego.

Codego's embedded finance platform exposes every layer of financial infrastructure as independently callable REST API endpoints. You compose only the modules your product needs — issue a card without an IBAN, open an account without a card, or combine the full stack into a neobank. Every module ships with webhooks, sandbox parity and documentation at developers.codegotech.com.

A · Accounts

Multi-currency accounts

Embed real financial accounts directly into your product. Each user or business entity gets a segregated multi-currency wallet holding EUR, GBP, USD, AUD, CAD, CHF and more — no redirect to a third-party bank UI.

B · IBAN · 15 countries

Local IBAN in 15 countries

Issue a local IBAN in 15 countries — France, Spain, Germany, UK, US, Canada, Australia, Luxembourg, Sweden, Norway, Denmark, Poland, Czechia, Hungary, Switzerland/LI — to any user in seconds via one API call. A French IBAN in France, a UK account in Britain.

C · Cards

Prepaid & debit card issuing

Issue branded Visa or Mastercard prepaid and debit cards — virtual in seconds, physical in days. Full card controls (freeze, spend limits, MCC locks) exposed via API. Part of 59 live card programmes and approximately 366,000 cards issued as of 2025.

D · Crypto cards

Crypto cards · 7 regions

Embed crypto-funded Visa cards available across 7 regions globally. Users load cards from on-chain balances; spending converts at point-of-sale. Full KYC and transaction monitoring included. PCI DSS Level 1 certified by Adsigo, 2025.

E · Payments

SEPA · SEPA Instant · SWIFT

Send and receive SEPA, SEPA Instant and SWIFT across 21 currencies (AED, AUD, CAD, CHF, CNH, CZK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR). Inbound and outbound processing, local clearing rails included.

F · Wallets

Apple Pay & Google Pay

Every issued card is Apple Pay and Google Pay ready. Partners activate digital wallet provisioning via API flag — no separate integration. Tokenised payments accepted everywhere contactless is supported.

G · Compliance

KYC & KYB onboarding

Embed compliant identity verification without building it yourself. Codego KYC/KYB covers document OCR, liveness detection, PEP and sanctions screening, AML transaction monitoring and regulatory reporting — all configurable via API against your programme's risk policy.

H · Developer

REST API & webhooks

Every module above is callable via a clean REST API with JSON request/response. Real-time webhooks fire on account events, card transactions, payment settlements and KYC status changes. Full docs and a no-cost sandbox at vcc-whitelabel-sandbox.codegotech.com.

03
Use cases & verticals
Who embeds financial services with Codego
6 verticals

Who embeds
finance with Codego.

Embedded finance is relevant wherever money moves inside a product. These are the six verticals that represent the majority of Codego's 59 active programmes today.

01 · SaaS

SaaS platforms

B2B SaaS companies — from accounting and ERP tools to HR platforms — embed IBAN accounts, expense cards and payment initiation to become the financial hub for their customers. Reduce churn by holding funds inside your platform.

02 · Marketplaces

Marketplaces

Two-sided marketplaces embed virtual IBANs as seller wallets and card issuing as buyer payment methods. Funds move natively on-platform: escrow, split payments and instant seller payouts via SEPA Instant — without leaving your product.

03 · Vertical software

Vertical software (VSB)

Property management, healthcare, legal and logistics software embed invoicing, client accounts and payment collection. Local IBAN in the client's home country removes friction from cross-border fee collection.

04 · Gig & payroll

Gig economy & payroll

Platforms paying contractors, drivers or freelancers embed dedicated IBAN wallets and instant card issuing so workers receive earnings and spend immediately — in their local currency without FX friction.

05 · E-commerce

E-commerce & retail

Online retailers embed branded gift cards, prepaid loyalty cards and checkout-linked IBAN top-ups to increase basket size and retain funds on-platform. Apple Pay and Google Pay integration reduces checkout abandonment.

06 · Crypto

Crypto platforms

Crypto exchanges, DeFi apps and wallet providers embed fiat on/off ramps — SEPA deposits into IBAN, SWIFT withdrawals and crypto-funded Visa cards in 7 regions — giving users a complete fiat-to-crypto-to-spend experience inside one product.

04
Embedded finance vs alternatives
API provider vs building in-house vs a traditional bank
3 options

Embedded finance API
vs the alternatives.

Before choosing a path, compare the three realistic options for adding financial services to your product.

Dimension Codego Embedded Finance Build in-house Traditional bank
Banking licence Not required Required or costly sponsor Existing (yours or partner's)
Time to live ~15 days 12 – 36 months 6 – 24 months
Upfront cost Low — programme fee Very high — teams + licences High — onboarding + legal
IBAN coverage 15 countries, local IBAN Depends on your licences Typically 1 – 3 countries
Card issuing Visa + Mastercard, prepaid & debit Requires BIN sponsorship deal Possible but slow + expensive
Crypto cards 7 regions, on-chain funded Extremely complex to build Not offered
KYC/AML Included — managed by Codego Build or buy separately Bank handles (limited control)
API + webhooks Full REST API, sandbox included You build the API yourself Limited or proprietary APIs
White-label app Optional — included in stack Build from scratch Not typically offered
05
Frequently asked
Six questions about embedded finance
6 Q&A

Embedded finance FAQ.

Q1.What is embedded finance?
Embedded finance is the integration of financial services — accounts, payments, lending, cards — directly into a non-financial product such as a SaaS platform, marketplace or app. Rather than redirecting users to a bank, the product itself delivers the financial experience through a licensed infrastructure provider like Codego via REST API.
Q2.What is the difference between embedded finance and BaaS?
Banking as a Service (BaaS) describes the licensed infrastructure layer: accounts, IBANs, payment rails, card issuing. Embedded finance describes the use case: a SaaS platform, marketplace or vertical app that consumes that BaaS infrastructure to offer financial features natively. Codego provides both the BaaS rails and the embedded finance API that connects them to your product.
Q3.What financial services can I embed with Codego?
You can embed: multi-currency accounts, local IBAN issuance in 15 countries (France, Spain, Germany, UK, US, Canada, Australia and more), SEPA/SEPA Instant/SWIFT payments in 21 currencies, prepaid and debit card issuing, crypto cards available in 7 regions, Apple Pay and Google Pay, and KYC/KYB onboarding — all via one REST API with webhooks.
Q4.Do I need a banking licence to offer embedded finance?
No. Codego holds the regulatory relationships with partner EMIs and licensed financial institutions. Your product operates under Codego's programme framework. You handle the user experience; Codego manages the licensed infrastructure, compliance, KYC/AML, transaction monitoring and reporting.
Q5.How quickly can I go live with embedded finance?
Most embedded finance integrations go live in approximately 15 days. The Codego REST API is fully documented at developers.codegotech.com and a free sandbox is available at vcc-whitelabel-sandbox.codegotech.com so you can test end-to-end before going live.
Q6.Which markets does Codego embedded finance cover?
Local IBAN issuance covers 15 countries: France, Spain, Germany, Luxembourg, United Kingdom, United States, Canada, Australia, Switzerland/Liechtenstein, Sweden, Norway, Denmark, Poland, Czechia and Hungary. SEPA/SWIFT payment rails process in 21 currencies. Crypto cards are available in 7 regions globally. Deposits are accepted from over 79 countries.
06
Get started
Response within 24 hours · banking@codegotech.com
Form · 7 steps

Launch embedded finance
on our technology.

One partner. Full stack. Embed accounts, local IBAN in 15 countries, card issuing, crypto cards and SEPA/SWIFT payments into your product — on Codego's licensed, PCI‑DSS certified infrastructure. No banking licence required. Live in ~15 days.

Codego Group LTD · Malta · Est. 2012
EUIPO 018922174 · PCI DSS by Adsigo, 2025

Start your programme

Open a programme today

Fill out the seven-step form and our team will respond within twenty-four hours with a tailored embedded finance proposal.

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Developer access

Sandbox & API docs

Explore the full REST API, test IBAN issuance, card issuing and payments in the free sandbox before committing.

API docs Try sandbox
RL
Related at Codego
Other parts of the Codego banking-infrastructure stack
5 pages

Continue
exploring.

A · BaaS platform

Banking as a Service

Full BaaS infrastructure: local IBAN in 15 countries, SEPA/SWIFT in 21 currencies, core banking and multi-currency accounts via REST API.

B · Neobank

Neobank platform

Launch a fully branded neobank on Codego rails — accounts, cards, payments and KYC under your own brand. White-label app included.

C · IBAN issuance

Virtual IBAN

Issue unique local IBANs in 15 countries — FR, ES, DE, UK, US, CA, AU and more — to each of your users in seconds via API.

D · Card programmes

White-label card

Branded prepaid, debit and virtual Visa/Mastercard cards with Apple Pay, Google Pay and full spend controls via API.

E · Crypto cards

Crypto cards

Embed crypto-funded Visa cards in 7 regions. On-chain loading, fiat spending and full KYC — available via the same REST API.