April 12, 2021, Vilnius, Lithuania, SatchelPay, a leading electronic money institution among Lithuania and European Union, announces the expansion of its list of services through the launch of the Satchel ecosystem. The rebranding of the EMI into Satchel was a logical continuation of the company's consistent development in the corporate financial system sphere.
The transformation of SatchelPay into Satchel serves to expand the list of services provided by the EMI. From a startup launched back in 2017, Satchel has shown rapid growth, transforming from a common fintech startup to an industry-leading European EMI with a variety of services for private and business clients, as well as Banking-as-a-Service (BaaS) and white label programs for payment institutions (PIs), financial institutions and other fintech businesses.
The Satchel ecosystem now allows international business owners to overcome entry barriers. For instance, the company is fully-capable to cover fintech companies with a wide range of services, from EU IBAN issuance and payment cards to SEPA and SWIFT payments processing. Being a licensed financial company with a direct Mastercard partnership, Satchel can provide financial companies with BaaS and SaaS solutions, fintech consulting, and serve the needs of private and business clients. The other vital point behind Satchel is strength in compliance and legal parts, thanks to the team’s proven experience and high-level professionalism.
Satchel CEO Sergiy Barybin has emphasized the importance of rebranding and Satchel launch:
“We’ve been working on Satchel over the years to provide our clients with a reliable and elegant payment infrastructure for everyday use. Today’s release is the result of our painstaking work, and we’re more than happy to provide the fintech niche with our solutions to kickstart their business needs. With a personal approach to every client and tremendous expertise under the belt, Satchel is glad to represent the new generation of EMI.”
Apart from the institutional clients’ services, Satchel will continue working with personal and business users, providing them with fast and fully remote account openings, ease of cross-border operations, and a high level of security.
Satchel is a Lithuanian-based EMI providing flexible & innovative financial solutions for personal and corporate clients, including SMB owners, financial institutions, and new fintech startups based both in EU countries and abroad.