Embedded Finance and Crypto in Estonia
Striga is an all-in-one embedded crypto and finance platform to launch your product.Whether you’re launching a fintech or embedding financial products, Striga accelerates your way to innovation and growth.
Build your business on the fully-compliant platform blending crypto with embedded finance
- Mousser R.
- 8 min read
Table of Contents
The Striga platform integrates into any business seeking embedded finance, eliminating process inefficiencies, and ensuring a fast and cheap way for fintech and crypto companies in Europe to launch their products.
Innovators & Business Owners' Challenge:
Building customized products using just one cloud platform
Crypto besets so much more today than buying, selling, and trading. This makes it very challenging to find one platform that has both the on-ramp banking and crypto capabilities, as well as the payment instruments, card issuing, and compliance solutions.
From Banking as a Service (BaaS) to Crypto-native Banking as a Service (CBaaS)
By adding a “C” to the BaaS, today innovators can introduce into their businesses the crypto stack. There, they can proceed easily with different transactions between fiat and crypto, all in one platform, along with a full stack of payment instruments, card issuing, and a KYC suite.
Striga BaaS Platform:
An embedded banking platform for neobanks and business banking
Striga’s Banking as a Service (BaaS) enables companies to build and launch financial products using a single set of APIs. It also allows the issuing of self-branded cards at a cost and time-to-market 10x lesser than any provider available today.
White-labeled Cards Issuance with dedicated IBAN accounts
Partners of Striga can launch their own branded cards (with dedicated IBAN accounts) by placing their brand front and center on our customizable card designs.
Flexibility, Functionality and Full control over the card's life cycle
Financial Companies can generate physical and/or virtual cards: An entire card life cycle management, where end-users can pause, terminate and replace their cards as needed.
Card Tokenization
Companies can offer their customers different payment tokenization options, like:
- Apple Pay
- Google Pay
- Fitbit Pay
- Samsung Pay
- Garmin Pay
Striga CBaaS Platform:
An embedded crypto-native banking-as-a-service
Striga CBaaS platform is a complete crypto wallet, investment, and exchange platform that enables you to build multiple crypto product experiences: wallets with best-in–class custody, trading (fiat to crypto and/or crypto to crypto), and payments (deposits and withdrawals).
Embed a reliable crypto experience into your product
Start building the use case that you want, and offer full-stack crypto modules to your end-users. Let Striga manage security and compliance-related matters.
Launch your own crypto-native cards program
Issue “blended” crypto-native physical and virtual cards with the spending controls your users need, while retaining full control of the card’s lifecycle management.
Fully-managed crypto wallets
Enable your users to receive their cryptocurrencies instantly, or to make payments by building on-demand payments on stylish rails.
The All-in-one platform for financial services:
BaaS + CBaaS
Instantly create bank accounts, offer crypto wallets, an exchange function, and issue cards with dedicated IBANs, all of it under one platform. The Striga platform connects the crypto and fiat modules under a single roof to help companies eliminate the complexity of managing risk, payments failures, and liquidity issues.
A simple connection between banking partners and payment service providers
The fiat module is built essentially on two main providers: Banking partners and Card providers. In general, the payment establishments run transactions on a merchant client’s behalf. Partnering with acquiring banking partners, the payment service provider delivers a suitable payment gateway through which all incoming and outgoing transactions are processed. Striga integrates with the payment provider and banking partner to deliver the fiat module.
Start building your fiat-crypto and/or crypto-crypto exchange
Crypto-crypto exchange
Creating a crypto exchange requires handling multiple complex and moving components. By partnering with crypto liquidity providers, Striga offers you the possibility to easily access trading pairs such as BTC/USDT, BTC/ETH, among many others.
Fiat-crypto exchange
As they become mainstream, cryptocurrencies need to connect to local currencies in different countries using crypto-fiat exchange platforms. Our platform offers a turnkey solution that allows companies to enable their end-users to add fiat currencies and exchange pairs.
Regulatory Positioning:
Embedded Banking and Core Banking Solutions
Striga allows companies to break down the barriers to licensing and compliance with additional AML and transaction monitoring instruments that plug into Striga’s risk module.
Payment Institutions and BIN Sponsorship
Striga collaborates with payment institutions and gets access to card schemes (via BIN Sponsorship). Thanks to this access, companies can launch their card programs without dealing with the bureaucratic barriers to entry, while reducing issuing costs and having trustworthy compliance and legislation policies, where all the money flow is fully outsourced to regulated financial institutions.
Beyond Traditional banking: Electronic Money Institutions
EMI integrations enable Striga to provide multiple services that help companies:
- Issue IBANs to their end-users
- Provide SEPA instant payments without any correspondent banks
- Launch virtual and physical cards with dedicated EUR accounts
Start building your Crypto Neobanks under a regulated Virtual Asset Service Provider (VASP) in Estonia*
Companies built on the Striga framework can perform varied crypto functions, such as trading and custody. As a VASP pursuant company, Striga empowers a wide range of crypto businesses, including exchanges and wallet custodians, to provide their users the possibility of exchanging between virtual assets (cryptocurrencies) and fiat currencies. In addition, the KYC and AML processes are handled by Striga’s risk module: Focus on your scalability, let Striga manage your AML/CTF and KYC operations.
*Striga Technology OÜ is currently pursuing a Virtual Asset Service Provider License in Estonia in accordance with the recently (March 2022) introduced amendments to the Estonian law.
Striga Crypto-native Banking as a Service:
Your path to building and launching financial products
Join the financial businesses that use Striga’s cloud platform to delight their customers and launch their own products without the complexities that come when dealing with core banking solutions’ relationships, licensing, compliance and payments methods.
