- Founded
- 2017-01-01 in Saffron Walden, Essex, United Kingdom
- Headquarters
- Saffron Walden, Essex, United Kingdom
- sales@paydo.com
PayDo is a globally regulated Electronic Money Institution (EMI) that provides a comprehensive, unified payment ecosystem for both businesses and individuals. Founded in 2017 by Serhii Zakharov, who at age 25 became one of the youngest CEOs approved by the UK’s Financial Conduct Authority (FCA) to operate an EMI, PayDo is headquartered in Saffron Walden, Essex, United Kingdom. The company employs between 51 and 200 people and operates under FCA and FINTRAC regulations, holding principal memberships with both Visa and Mastercard. PayDo’s platform is designed to eliminate payment fragmentation by offering a single-contract, single-integration suite of services. These include multicurrency IBAN accounts, corporate and personal cards, merchant checkout solutions, mass payouts, Direct SEPA & SEPA Instant processing, USD SWIFT accounts, dedicated C2B Open Banking collections accounts, and direct acquiring. The company’s non-redirect E-Wallet checkout innovation provides merchants with full friendly-fraud protection without rolling reserves. Serving over 28 industries—including e‑commerce, IT services, marketplaces, gaming, and fintech—PayDo holds PCI DSS Level 1 certification and offers fully remote account openings for UK and non-UK residents. By bringing together enterprise-grade infrastructure and fintech agility, PayDo positions itself as a one-stop financial partner for global online businesses.
Detailed Review
History and Founding
PayDo was founded in 2017 by Serhii Zakharov, a fintech veteran with over 12 years of industry experience who obtained FCA approval to run an EMI at the age of 25. The company initially focused on providing multi-currency IBAN accounts and payment cards, gradually expanding its infrastructure to include direct membership in SEPA and principal acquiring status with Visa and Mastercard. In 2025–2026, PayDo secured an MFSA licence to extend its services across the European Union via passporting rights.
Products and Services
PayDo offers a comprehensive suite of financial products under a single dashboard. These include multicurrency IBAN accounts for sending, receiving, and holding funds; Visa and Mastercard physical and virtual cards; a non-redirect E-Wallet checkout that eliminates cart abandonment and provides friendly-fraud protection; mass payment engines for bulk payouts; direct SEPA & SEPA Instant processing for low-cost euro transfers; USD SWIFT accounts for cross-border transactions; dedicated C2B Open Banking collections accounts with real-time settlement; and direct acquiring as a principal member of Visa and Mastercard. All services are accessible through a single contract and integration.
Licensing and Regulation
PayDo is authorised as an Electronic Money Institution by the UK’s FCA, is registered with FINTRAC in Canada, and holds an MFSA licence for EU operations. It is also PCI DSS Level 1 certified and an authorised partner of Visa and Mastercard.
Leadership
The company is led by founder and CEO Serhii Zakharov, who is the only C-level executive confirmed in public sources. No other executives such as CTO, COO, or CFO have been identified.
Key Products
Multicurrency IBANs
Euro and multi-currency accounts for businesses and individuals
Corporate Cards
Physical and virtual Visa/Mastercard cards for business expenses
Checkout (E-Wallet)
Non-redirect online checkout with friendly-fraud protection
Mass Payments
Bulk payout engine for commissions, payroll, and supplier payments
Direct SEPA/SEPA Instant
Direct SEPA membership for low-cost, instant euro transfers
USD SWIFT Accounts
Dedicated USD account details for cross-border transactions
Open Banking Collections
C2B instant bank-to-business transfers with real-time settlement
Direct Acquiring
Principal member Visa/Mastercard acquiring with no intermediaries
Offices & Headcount
125 employees (approx.)
Key Persons
Serhii ZakharovFounder & CEO