Setldpay secures new investment for European expansion

Open loop and private label card programs are the focus of Setldpay Ltd, a London-based manager that has secured an estimated £192.5k in its latest funding round. The company provides solutions for prepaid products, including gift cards, fuel cards, and B2B cards across Europe. Its automated funds flow system is designed to enable just-in-time funding, which reduces prefunding requirements for its clients.

Targeting both fintechs and non-financial businesses, the firm was incorporated in 2023 to assist clients with navigating the regulatory landscape and reducing time to market. While company accounts for the year ended 30 April 2025 recorded a headcount of three employees, LinkedIn data currently indicates a team of six.

This investment represents the total funding raised by the business during 2026. Documentation for the share allotment was filed in July (following an allotment date in February). The business operates the website setldpay.com.