Satchel

Payment Provider

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Description

Satchel: Leading EMI for iGaming & Digital Finance Solutions

Satchel is a European Electronic Money Institution (EMI) headquartered in Vilnius, Lithuania. Established in 2018, Satchel is licensed and supervised by the Bank of Lithuania, providing digital finance and payment infrastructure solutions on a global scale. As a principal member of Mastercard Europe, Satchel provides direct card issuance for custom card programs – without requiring a physical presence in the EU.

Empowering High-Growth Sectors with BaaS

Satchel's business model is built around Banking-as-a-Service (BaaS). Satchel targets high-growth sectors that need a fast alternative to traditional banking:

iGaming payments
E-commerce
Fintech

Payment & Digital Finance Solutions

Satchel provides tailored payment solutions designed to meet the compliance and operational needs of modern digital businesses, including regulated high-risk sectors like iGaming. Key offerings include:

European IBAN: A Lithuania-issued IBAN for SEPA transfers.
Cross-border Payment Solutions: SWIFT international payments and support for 20+ currencies.
Card Issuance: Direct Mastercard principal membership for custom card programs, including virtual cards for ad spend on platforms like Facebook and Google Ads.
Remote Onboarding: A fully digital process for client integration.
Regulatory Compliance: Adherence to EU financial regulations as a licensed EMI.

Why Partner with Satchel?

Businesses choose Satchel for its deep understanding of regulated industries like iGaming. The platform provides a secure, compliant foundation for financial operations, enabling partners to expand their reach and grow their own product offering.

Get Started with Satchel!

Explore how Satchel can support your business's payment operations and regulatory compliance. Contact our team today to discuss tailored payment solutions or BaaS/White Label partnerships.

Products & Services

Multi-Currency Business Accounts
The core offering includes accounts with unique European IBANs (LT) that support transactions in 38+ currencies. This service enables businesses worldwide to manage SEPA and SWIFT payments, hold multiple balances, and execute currency exchanges through a single digital platform.
Banking-as-a-Service (BaaS)
A "turnkey" solution that allows institutional clients (like neobanks or credit unions) to offer branded banking services. Satchel provides the underlying license, regulatory compliance (KYC/AML), and technical core, enabling partners to issue their own accounts and cards under their own brand.
Card Issuance (Mastercard)
As a principal member of Mastercard, the entity provides physical and virtual payment cards for both business and personal use. These cards feature 3D Secure technology and can be managed directly via the Satchel mobile app, supporting worldwide ATM withdrawals and online purchases.
iGaming & High-Risk Industry Solutions
The organization specializes in financial infrastructure for the iGaming sector, offering compliant banking for operators with licenses from jurisdictions like Curaçao and Anjouan. They provide dedicated support for complex payout flows and regulatory reporting specific to the gambling industry.
Fintech Consulting & Licensing Support
Beyond software, the firm offers strategic consultancy for startups, assisting with business plan development, PI/EMI licensing applications, and the design of compliant risk management policies to help new projects go to market faster.

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