Veripay is an emerging Spanish fintech offering real-time SEPA transfers, IBAN issuing, and embedded Open Banking APIs for platforms, PSPs, and vertical SaaS providers. Based in Madrid, it combines regulatory compliance with scalable tech architecture.
We interviewed Ricardo Esteban, Veripay’s CTO, to discuss their modular payment stack, SEPA-native infrastructure, and how they serve high-volume platforms with developer-first tools.
Who is Ricardo Esteban?
Ricardo is a seasoned tech lead and system architect with over 15 years in banking APIs, payment orchestration, and infrastructure scaling. Before joining Veripay, he worked on core banking migration projects in Spain and led the API team at a major Iberian PSP. At Veripay, he’s responsible for the architecture behind their SEPA and Open Banking engine.
Interview
What does Veripay offer in one sentence?
We provide modular APIs for SEPA payments, IBANs, and Open Banking flows for platforms and regulated fintechs across Europe.
What’s your core product set?
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IBAN issuing (ES and LT IBANs)
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SEPA Credit Transfers & SEPA Instant
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Open Banking PIS & AIS
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Reconciliation & webhook system
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Compliance automation modules
Are you licensed?
We operate as an agent of a licensed EMI under Banco de España, and partner with multiple regulated institutions across Europe.
Who are your main clients?
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Marketplace platforms
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Payment facilitators
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Payroll automation firms
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EU-licensed fintechs
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SaaS platforms building embedded finance features
Do you offer SEPA Instant by default?
Yes — for eligible IBANs and counterparties. Over 85% of our outgoing volume settles via SEPA Instant.
How fast is your onboarding?
We onboard platforms in under 7 business days. Sandbox access is instant for developers.
Do you issue IBANs in Spain?
Yes — we can issue Spanish IBANs via our EMI partner, as well as Lithuanian IBANs for broader use cases.
What differentiates Veripay?
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Developer-first documentation
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Modular, unbundled approach
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Real-time reconciliation
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Built-in compliance workflows
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Native webhook triggers for accounting and platforms
How do you support reconciliation?
Each IBAN is linked to a unique identifier or metadata tag. Our webhook system provides real-time transaction data, status, and references for platform-side matching.
Do you support Open Banking payments?
Yes — PIS flows are available in 20+ countries. Clients can trigger bank payments from their apps and monitor completion via API.
What’s your compliance setup?
We offer AML tools (transaction monitoring, sanctions screening), UBO verification, and KYB APIs. Fintech clients can embed these workflows in their onboarding.
What are your pricing tiers?
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Startup plan (shared IBANs, 100 tx/month)
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Scale plan (dedicated IBANs, SEPA Instant, API limits)
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Enterprise plan (custom flows, webhook scaling, SLA)
Do you integrate with accounting or ERP tools?
Yes — we offer webhook-based integrations to push data into ERPs or finance dashboards like Xero, Odoo, or NetSuite.
What risks do you accept?
We accept most B2B businesses, including affiliates, SaaS, regulated crypto, and online education. No adult, gambling, or shell setups.
What currencies do you support?
Currently EUR. GBP support is coming in Q1 2026. FX flows are planned for Q3 2026.
Do you offer API-based onboarding for sub-users?
Yes — platforms can onboard sub-merchants, freelancers, or vendors via our KYB API and assign them virtual IBANs or payment permissions.
What’s next in your roadmap?
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Embedded FX tools
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BIN sponsorship (virtual cards)
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Open Banking FX payouts
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MiCA-compliant crypto onramp/offramp modules
Related Searches
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Veripay SEPA API
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Spanish IBAN fintech
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Open Banking Madrid
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SEPA Instant for platforms
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Payment facilitation APIs Spain
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IBAN issuing fintech
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Embedded finance API providers
FAQ
Is Veripay licensed?
Veripay operates under agent status of a licensed EMI in Spain, PSD2-compliant and passported.
Can I issue Spanish IBANs for my users?
Yes — available for compliant businesses via our platform.
Do you offer sandbox access?
Yes — sandbox is open and API keys are issued upon request.
Do you work with crypto clients?
Yes — if registered and with clear flow justification. MiCA support is ongoing.
Company Services
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IBAN issuing (Spain, Lithuania)
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SEPA & SEPA Instant
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Open Banking APIs
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KYB onboarding API
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Real-time reconciliation
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Embedded compliance
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Webhooks for ERP integration
Competitors
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Intergiro
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Swan
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FinwayPay
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ClearBank
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Neonomics
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Klarna Kosma
Product Positioning
Veripay is:
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API-first
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SEPA-native
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Built for B2B platforms
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Open Banking enabled
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Developer-friendly
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Ideal for embedded fintech builders
