Unlimit

Unlimit

Unlimit (formerly Cardpay, then Unlimint) is a global fintech company headquartered in London that provides one of the largest proprietary payment infrastructures worldwide. Founded in 2009, the platform offers payment processing, multi-currency business accounts, Banking as a Service (BaaS), and crypto on/off-ramp solutions for businesses expanding across Europe, UK, Latin America, APAC, Africa, and India. With licenses in 93 regions and access to over 1,000 payment methods across 200+ locations, Unlimit enables merchants to accept payments, manage funds, and issue cards through a single integrated platform.

Company Overview

Unlimit was founded in 2009 under the name Cardpay in Europe, initially focusing on payment processing services for online merchants. The company was established by Kirill Evstratov, who remains the CEO. The founding vision was to address the gap left by traditional banks that failed to meet the demands of fast-growing digital businesses, particularly startups in emerging markets.

In November 2020, Cardpay rebranded to Unlimint to reflect its expanded global ambitions. In May 2023, the company underwent another rebrand to simply "Unlimit" to better align with its mission of eliminating financial borders for businesses worldwide.

Over 15+ years of operations, Unlimit has expanded from Europe to establish presence across four continents with 16 offices worldwide. The company has processed over $100 billion in transaction volume and serves over 50,000 companies globally. The team spans 14 countries with 40% of employees being women.

Key partners include HSBC, BlackRock, and solarisBank. The company is bootstrapped with no publicly disclosed external funding rounds, operating profitably through its payment processing revenue model.

Product Suite

Unlimit offers four core product lines:

1. Payment Processing: Direct access to 1,000+ local and global payment methods including digital wallets, mobile payments, cash, cards, and bank transfers. The platform supports 150+ currencies across 200+ locations with direct acquiring capabilities and alternative payment method (APM) integration.

2. Unlimit Accounts: Multi-currency business accounts for corporations and freelancers with IBAN capabilities, SWIFT/SEPA/ACH transfers, virtual and physical card issuance, and spend management tools. Account opening available within 48 hours with integration to accounting tools like Quickbooks, Xero, and Osome.

3. Banking as a Service (BaaS): White-label card issuing platform enabling businesses to design, launch, and distribute co-branded physical and virtual cards in less than 90 days. Includes API platform, payment rails access (SEPA Instant, SWIFT, BACS), and direct connections to major card networks.

4. Unlimit Crypto: Fiat on-ramp and off-ramp solutions for DeFi, GameFi, and NFT platforms. Accepts global currencies through e-wallets, QR codes, cash, and instant bank transfers with customizable white-label interfaces.

Payment Processing Features

Feature	Details
Payment Methods	1,000+ methods
Locations	200+ countries
Currencies	150+ supported
Card Brands	Visa, Mastercard, Amex, JCB, UnionPay
Alternative Payments	Digital wallets, bank transfers, cash, QR codes
Integration	Single API, semi-automated KYC/AML
Industries	eCommerce, Gaming, Travel, Subscriptions, Transportation, Entertainment

Business Account Features

Feature	Details
Account Currencies	30+ currencies
Transfer Methods	SWIFT, SEPA, SEPA Instant, ACH, local rails
Card Types	Virtual and physical Visa cards
Card Issuance	Employee cards with customizable limits
Spend Management	Multi-layer approval workflows
Account Opening	Within 48 hours
Integrations	Quickbooks, Xero, Osome
Transfers To	120+ countries

Geographic Coverage

Unlimit operates across five major regions with local licenses and payment method support:

Latin America (LATAM): Mexico, Brazil, Colombia, Ecuador, Peru, Costa Rica, Panama, Guatemala, Argentina, Chile

Asia Pacific (APAC): Indonesia, Malaysia, Thailand, Philippines, Japan, China, South Korea, Vietnam, Australia, Hong Kong

Africa: Kenya, Nigeria, Tanzania

Europe & UK: Full EU coverage, United Kingdom

India: Dedicated local entity and payment methods

Regulatory Framework

Unlimit maintains licenses and registrations across 93 regions worldwide. The company operates through multiple legal entities tailored to each jurisdiction's requirements:

Region	Regulatory Status
Europe	EMI Licensed (EU passporting)
United Kingdom	FCA Authorized
Singapore	MAS Licensed
Latin America	Local licenses per country
India	RBI Authorized

The holding company is UNLIMINT SG HOLDING PTE. LTD. registered in Singapore.

Security & Compliance

• PCI DSS Level 1 Certified
• AML/KYC compliant across all jurisdictions
• Automated fraud detection and prevention
• 3D Secure authentication support
• Real-time transaction monitoring
• GDPR compliant data handling
• SOC 2 compliance for data security

Fees & Pricing

Unlimit operates on a B2B model with custom pricing based on:

• Transaction volume
• Geographic regions
• Payment methods used
• Industry vertical
• Account type (Corporate vs Freelance)

Pricing is not publicly disclosed and requires direct contact with sales representatives for quotes.

Target Industries

eCommerce: Global expansion, multi-currency acceptance, seamless checkout experiences

Gaming: In-game payments, player payouts, 24/7 processing, GameFi integration

Travel & Hospitality: Multi-currency acceptance, direct acquiring, dynamic currency conversion

Subscription Services: Recurring billing, churn reduction, flexible payment plans

Transportation: In-app payments, instant driver payouts, real-time reporting

Entertainment: Subscription management, global content monetization, low-fee processing

Key Statistics

Metric	Value
Founded	2009
Headquarters	London, UK
Global Offices	16
Licensed Regions	93
Payment Methods	1,000+
Currencies	150+
Locations	200+
Transaction Volume	$100B+ processed
Companies Served	50,000+
Team Countries	14

Key Features

• 1,000+ payment methods across 200+ locations
• 150+ currencies supported
• Multi-currency business accounts with local details
• Virtual and physical Visa card issuance
• White-label BaaS platform for card issuing
• Crypto on-ramp and off-ramp solutions
• SWIFT, SEPA, SEPA Instant, ACH, BACS transfers
• 48-hour business account onboarding
• Single API integration for all services
• Semi-automated KYC/AML processing
• Licensed in 93 regions globally
• 15+ years operational track record
• Accounting software integrations (Quickbooks, Xero, Osome)
• Employee spend management with custom limits
• Payment link generation for customers
• Real-time FX rates without third-party fees

Ideal For

• Global eCommerce merchants expanding internationally
• Gaming companies monetizing worldwide
• SaaS and subscription businesses managing recurring payments
• Travel and hospitality brands accepting multi-currency
• Fintechs needing BaaS and white-label card solutions
• Crypto and Web3 projects requiring fiat on/off-ramps
• Marketplaces paying out to sellers globally
• Corporations managing international expenses
• Freelancers needing multi-currency accounts
• Transportation platforms processing driver payouts

Not Suitable For

• Individual consumers seeking personal bank accounts
• Retail users looking for consumer crypto cards
• Small businesses with domestic-only operations
• Users requiring physical bank branches
• Those seeking personal loans or credit products
• Businesses in sanctioned or restricted countries
• Users needing retail investment products
• Consumers wanting high-yield savings accounts

Pros

• 15+ years of operational history since 2009
• Massive payment method coverage (1,000+ methods)
• Global reach across 200+ locations and 150+ currencies
• Licensed in 93 regions for regulatory compliance
• Single API for payment processing, accounts, and cards
• 48-hour business account opening process
• White-label BaaS for custom card programs
• Crypto on-ramp and off-ramp capabilities
• Direct acquiring reduces intermediary costs
• SEPA Instant and real-time payment rails
• Accounting software integrations included
• Employee card issuance with spend controls
• 16 global offices for local support
• $100B+ transaction volume demonstrates scale
• Customizable checkout and branded interfaces
• Multi-industry expertise (gaming, travel, eCommerce)
• No external funding dependency (bootstrapped)
• Celebrity brand ambassador (Simu Liu)

Cons

• B2B focus only—no consumer products
• Pricing not publicly disclosed
• Requires sales contact for onboarding
• Complexity may overwhelm small businesses
• No retail banking services (savings, loans)
• Multiple rebrands may cause confusion (Cardpay → Unlimint → Unlimit)
• Limited public information on funding/financials
• Enterprise-oriented may have high minimums
• Crypto solutions limited to on/off-ramp (no trading)
• Physical card shipping times vary by region

Alternatives

• Stripe - Developer-first payment processing with global reach
• Adyen - Enterprise payment platform for omnichannel commerce
• Checkout.com - Unified payments for high-growth businesses
• Payoneer - Cross-border payments and multi-currency accounts
• Rapyd - Fintech-as-a-service with local payment methods
• dLocal - Emerging market payment processing specialist