EST. 2012 CODEGO GROUP LTD · MALTA BANKING AS A SERVICE LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CCY PCI DSS CERTIFIED 2025 API FIRST · WEBHOOKS 79 COUNTRIES DEPOSITS MULTI-CURRENCY · 12+ FIAT $1.1BN PROCESSED 2025 EST. 2012 CODEGO GROUP LTD · MALTA BANKING AS A SERVICE LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CCY PCI DSS CERTIFIED 2025 API FIRST · WEBHOOKS 79 COUNTRIES DEPOSITS MULTI-CURRENCY · 12+ FIAT $1.1BN PROCESSED 2025
Codego · Banking infrastructure · est. 2012 Comparison · Vol. XII · Issue 06/2026 ● Live · 12 countries · Malta HQ
CMP

Codego vs Striga.
An honest comparison
of crypto card programmes and white-label banking infrastructure.

Striga is a crypto-native banking-as-a-service API: a single integration that lets EU businesses spin up wallets, vIBANs, trading accounts and cards under its own VASP authorisation. Codego approaches the card programme from a different angle — global, multi-region issuing. Rather than one European licence, Codego runs ready-to-launch white-label crypto card programmes through locally licensed issuers and BINs across seven regions — EU, US, UAE, Asia, Africa, LATAM and Oceania — from one console. Where a Europe-centric platform anchors you to a single jurisdiction, Codego lets you issue locally wherever your users are, on Visa and Mastercard, with Apple Pay and Google Pay on every programme and a revenue-share commercial model — live in around 15 days.

Open programme Comparison table
01
At a glance

At a glance

  Codego Striga
Headquarters Malta (EU) Tallinn, Estonia (EU)
Founded 2012 2021
Regulatory framework Locally licensed issuers and BINs per region; partner EMIs and banks; pan-EU passporting in Europe Estonian VASP authorisation (Virtual Currency Services); EU-focused; single-licence umbrella
Card schemes Visa and Mastercard, both with BIN sponsorship Card issuing via its own scheme partnership; Europe-centric
White-label crypto cards First-class: stablecoin and crypto-funded with real-time crypto-to-fiat conversion at POS Yes — virtual and physical cards linked to Bitcoin and stablecoins via single API
Global issuing reach Seven regions — EU, US, UAE, Asia, Africa, LATAM, Oceania — local issuers and BINs EU-focused; regulated services across 30+ countries under EU licensing
EU IBAN issuance Native; SEPA, SEPA Instant, SWIFT Yes — dedicated vIBANs per user via API
Time to launch Live in around 15 days Fast crypto-business onboarding via single API; no licence required
Self-service sandbox / API Yes — REST API + self-service sandbox key and no-code console demo Yes — crypto-native single API with developer sandbox
Apple Pay / Google Pay Included on every programme Supported on issued cards
Pricing model Revenue-share + interchange — partner earns a share of interchange and crypto-to-fiat conversion Crypto-as-a-service API pricing — typically per-account, per-card and usage fees
02
Where Codego is the stronger choice

Where Codego is the stronger choice

Global multi-region issuing, not EU-only

This is the headline difference. Striga is a strong European platform operating under its Estonian VASP authorisation, with regulated services concentrated in the EU. Codego runs ready-to-launch crypto card programmes through locally licensed issuers and BINs across seven regions — EU, US, UAE, Asia, Africa, LATAM and Oceania — all from a single white-label console. If your end users sit outside Europe, that distinction is decisive: with Codego you issue locally in-region rather than stretching one EU licence over markets it was never designed to serve, or standing up a separate issuer relationship in each country yourself. For any programme with global ambitions, Codego's card issuing footprint is the structural advantage.

Dual-scheme access — Visa and Mastercard

Codego holds BIN sponsorship on both Visa and Mastercard. That matters because acceptance, interchange tiers, co-brand requirements and local scheme preference vary by market — and a crypto card programme that grows across regions will eventually hit a market where the other scheme is the right answer. Striga's card issuing is delivered through its own scheme partnership and is Europe-centric. Codego's white-label crypto card infrastructure lets you run parallel programmes or pick the scheme per market without renegotiating your foundational relationship.

Revenue-share economics, not just usage fees

Crypto-as-a-service APIs typically price on per-account, per-card and per-call usage. Codego operates a revenue-share plus interchange model: the programme partner earns a share of card interchange and of the crypto-to-fiat conversion on every transaction. That turns the card programme into a revenue line rather than a pure cost centre. For a fintech that expects meaningful card spend, the difference between paying usage fees and earning interchange compounds quickly — and Codego's Banking-as-a-Service commercials are built to align the provider's upside with the partner's transaction volume.

Native EU IBAN breadth with SEPA Instant

Both platforms issue IBANs, but Codego's native IBAN issuance is built into the core banking layer with full SEPA Instant, standard SEPA and SWIFT connectivity, and it sits alongside the same multi-region card infrastructure rather than as a separate product. For programmes that need to hold client funds, receive payroll credits, support peer-to-peer transfers and settle card spend from the same account fabric, having IBAN, card and crypto rails on one core banking platform removes a reconciliation and integration layer.

Developer-first: REST API plus a self-service sandbox you can test today

Codego is API-first with a genuine self-service sandbox — you do not need a signed contract to start building. Read the integration guide at developers.codegotech.com/visa-crypto-card.html, request a key at apikey-visacard-sandbox.codegotech.com, then call the sandbox base at https://vcc-sandbox.codegotech.com/api/v1 with the header X-Api-Key: vcck_sbx_…. Non-developers can explore the full programme experience in the no-code console demo at vcc-whitelabel-sandbox.codegotech.com. Real-time crypto-to-fiat conversion at point of sale and Apple Pay / Google Pay provisioning are part of every programme.

Proven scale, PCI DSS Level 1, and a 15-day launch

Codego was established in 2012 and is PCI DSS Level 1 certified (Adsigo, 2025). In 2025 it activated roughly 366,000 cards and processed approximately $1.1 billion across 59 live programmes, with native EU IBANs, SEPA Instant and real-time crypto-to-fiat conversion in production. A new white-label crypto card programme goes live in around 15 days because the issuer relationships, BINs, self-service console and documented REST API already exist. For a fintech that wants both regulatory-grade infrastructure and commercial speed, that track record is a meaningful input alongside the feature comparison.

03
Where Striga is the stronger choice

Where Striga is the stronger choice

Honesty matters. There are scenarios where Striga is the better answer.

Crypto-native API depth from a single integration

Striga was built crypto-first, exposing digital-asset custody, trading, wallets, vIBANs and cards through one cohesive API. If your product needs deep, tightly integrated crypto primitives — embedded wallets and on-platform trading sitting natively beside the card and account rails — Striga's single-API architecture is a clean, well-considered way to assemble them. For a team that wants to build a crypto-centric neobank or wealth app where the exchange and custody experience is the core of the product, that native depth is a genuine strength.

Fast crypto-business onboarding under one EU licence

Striga lets a regulated crypto business launch under its own VASP authorisation without the partner needing to hold a licence, with end-user onboarding handled inside the same umbrella. For an EU-focused company whose priority is getting compliant wallets, accounts and cards live quickly within a single European regulatory framework, that consolidated approach reduces moving parts. If Europe is your whole market and you value one licensing relationship over multi-region reach, Striga's model fits that shape well.

Embedded wallet and exchange features at the core

Where Codego centres the card programme and its economics, Striga centres the crypto experience — embedded wallets, trading and digital-asset accounts as first-class, deeply integrated features rather than adjuncts to a card. For products where in-app buy, sell and hold of crypto is the primary value proposition and the card is a complement to it, Striga's feature emphasis aligns more naturally. Programmes whose roadmap is led by exchange and wallet functionality, rather than by global card issuing and interchange, may find Striga's product shape a closer match.

04
Frequently asked questions

Frequently asked questions

Q1.What is the main difference between Codego and Striga?
Striga is a crypto-native, EU-focused banking-as-a-service API that lets businesses issue wallets, vIBANs, trading accounts and cards under its own VASP licence through a single integration. Codego is multi-region card programme infrastructure: it runs ready-to-launch white-label crypto card programmes through locally licensed issuers and BINs across seven regions — EU, US, UAE, Asia, Africa, LATAM and Oceania — from one console. If your strategy is EU-only and crypto-API depth, Striga is a strong fit; if you need global issuing reach, dual-scheme BINs and revenue-share economics, Codego is the stronger choice.
Q2.Does Codego issue cards outside the EU?
Yes. Codego's headline advantage over EU-centric platforms is global multi-region issuing. Programmes can be launched through locally licensed issuers and BINs across seven regions — EU, US, UAE, Asia, Africa, LATAM and Oceania — from a single white-label console. Striga's regulated card issuing is concentrated in Europe under its Estonian VASP authorisation. If your end users sit outside the EU, Codego lets you issue locally without standing up a separate issuer relationship in each market.
Q3.How do Codego's economics differ from a typical crypto BaaS?
Codego operates a revenue-share plus interchange commercial model: the programme partner earns a share of card interchange and of crypto-to-fiat conversion on every transaction, turning the card programme into a revenue line rather than a pure cost centre. Many crypto BaaS platforms price primarily on per-API-call, per-account and per-card fees. Codego's model aligns the provider's upside with the partner's transaction volume, which suits programmes that expect meaningful card spend.
Q4.Can I test Codego's crypto card API before signing anything?
Yes. Codego is developer-first with a self-service sandbox. Read the integration guide at developers.codegotech.com/visa-crypto-card.html, request a key at apikey-visacard-sandbox.codegotech.com, then call the sandbox base at https://vcc-sandbox.codegotech.com/api/v1 using the header X-Api-Key: vcck_sbx_… There is also a no-code white-label console demo at vcc-whitelabel-sandbox.codegotech.com so non-developers can see the programme experience before committing.
Q5.Does Codego support both Visa and Mastercard?
Yes. Codego holds BIN sponsorship on both Visa and Mastercard, so programmes are not locked to a single scheme. This matters because acceptance, interchange tiers and co-brand requirements vary by market and by scheme. Apple Pay and Google Pay are included on every programme, and Codego adds native EU IBAN issuance with SEPA Instant alongside real-time crypto-to-fiat conversion at point of sale.
Q6.How fast can a Codego crypto card programme go live?
A Codego white-label crypto card programme can go live in roughly 15 days. Codego is PCI DSS Level 1 certified (Adsigo, 2025), was established in 2012, and in 2025 activated around 366,000 cards and processed approximately $1.1 billion across 59 live programmes. The combination of pre-built issuer and BIN relationships, a self-service console and a documented REST API is what compresses the launch timeline.