- Founded
- 2021-01-01 in Helsinki, Finland
- Headquarters
- Helsinki, Finland
Narvi Payments is a Finnish-regulated Electronic Money Institution (EMI) that provides modern business banking and cross-border payment solutions to internationally operating companies. Founded in 2021 and headquartered in Helsinki, the company has built its own proprietary core banking technology, enabling it to offer dedicated Euro IBAN accounts, SEPA Instant transfers, SWIFT payments, and multi-currency capabilities through a single platform. Its Banking-as-a-Service (BaaS) API allows businesses to embed financial services directly into their own products, reducing the need for separate licences and lengthy integrations. With a reported customer base of 1,500 businesses and annual revenue of €4.5 million, Narvi targets SMEs and growth-stage companies that require reliable, fast, and design-focused banking tools. The platform supports over 75 currencies and sends payments to more than 100 countries, with upcoming features such as a borderless debit card and multi-currency IBAN accounts. Regulated by the Finnish Financial Supervisory Authority, Narvi emphasises security through hardware key authentication and biometric verification. Its team of 20 employees combines Nordic reliability with a developer-first approach, making it a notable player in the European fintech landscape, particularly for businesses that need agile, cross-border financial infrastructure.
Detailed Review
Company History & Founding
Narvi Payments was founded in 2021 in Helsinki, Finland, by Roman Mazur, Krzysztof Kuchta, Neil Ambikar, and Toni Kivinen. The company was established to address the friction international businesses face when managing multi-currency payments, slow bank onboarding, and limited API access to banking infrastructure. Early on, Narvi secured its status as a regulated Electronic Money Institution under Finnish law, allowing it to operate without reliance on legacy banking partners. From the outset, Narvi focused on building a proprietary core banking system from scratch, rather than white-labelling an existing platform. This choice enabled full control over the user experience, security, and API capabilities. By 2024, the company reported 1,500 active customers and €4.5 million in annual revenue, with a team of 20 employees.
Products & Services
Narvi’s core product is the Narvi Business Account, which provides a dedicated Euro IBAN (starting with FI) and supports inbound/outbound SEPA Instant and SWIFT transfers. The upcoming Multi-currency IBAN feature will offer dedicated IBANs in EUR, GBP, USD, CHF, and other currencies for receiving payments via SWIFT from over 150 countries. The Treasury Desk is a boutique foreign exchange and global payment service for complex FX and crypto needs, including local payment networks like PIX (Brazil) and UPI (India). A borderless debit card, both physical and virtual, is also in development. The Narvi API (BaaS) enables businesses to integrate financial services such as accounts, payments, and KYC under Narvi’s regulatory umbrella, with API access from day one and streamlined compliance.
Licensing & Regulation
Narvi is a regulated Electronic Money Institution in Finland, overseen by the Finnish Financial Supervisory Authority (Finanssivalvonta). This regulatory status allows it to issue IBANs, process payments, and offer BaaS services without requiring customers to obtain their own payment licences.
Market Position & Customers
Targeting international SMEs, e-commerce companies, and digital-first businesses, Narvi competes with other neobanks and payment platforms such as Airwallex, 3S Money, and Solaris. Its key differentiators include a proprietary tech stack, hardware-key security, and a focus on Nordic design and reliability. Customer reviews on Trustpilot indicate general satisfaction with speed and support.
Key Products
Narvi Business Account
Multi-currency IBAN accounts (EUR, GBP, USD, CHF) with SEPA Instant and SWIFT transfers. Supports inbound payments from 150+ countries and outbound to 100+ countries/75+ currencies. Includes dedicated Nordic IBAN (FI prefix).
Narvi API / Banking-as-a-Service (BaaS)
Modular API that lets businesses integrate account management, payment rails (SEPA/SWIFT), and compliance/KYC directly into their platforms. Includes regulatory umbrella and streamlined onboarding.
Boutique Treasury Desk
Service for complex FX conversions and crypto (BTC, USDC) needs, providing access to local payment networks like PIX (Brazil) and UPI (India).
Borderless Debit Card (Coming Soon)
Physical/virtual card linked to Narvi accounts for seamless payments.
Multi-Currency IBANs (Coming Soon)
Dedicated IBANs in multiple currencies (EUR, GBP, USD, CHF) for receiving via SWIFT.
Business IBAN Account
Dedicated Euro IBAN account under the client's own name, supporting SEPA and SWIFT payments.
SEPA Instant & SWIFT Payments
Real-time transfers within Europe and global payments to 100+ countries in 75+ currencies.
Treasury Desk
Boutique FX services and support for complex global payment needs, including cryptocurrency liquidity.
Banking-as-a-Service (BaaS) API
Modular APIs enabling businesses to embed account management, payment rails, and compliance features into their own platforms.
Borderless Debit Card (Upcoming)
Physical and virtual debit cards powered by a BIN sponsorship deal with FINCI.
Multi-Currency IBAN Accounts (Upcoming)
Support for EUR, GBP, USD, and CHF IBANs for multi-currency operations.
Multi-currency IBAN (coming soon)
Dedicated IBANs in EUR, GBP, USD, CHF and other currencies for receiving payments via SWIFT from 150+ countries.
Narvi API (BaaS)
Banking-as-a-Service API that allows businesses to integrate financial services (accounts, payments, KYC) under Narvi’s regulatory umbrella. Includes API access from day one, streamlined compliance, and onboarding.
Offices & Headcount
20 employees (approx.)
Key Persons
- Roman Mazur
Chief Operating Officer & Co-Founder
- Krzysztof Kuchta
Chief Technology Officer & Co-Founder