Token.io

Payments

A2A open banking payments infrastructure enabling banks and PSPs to launch Pay by Bank across UK and Europe.

Overview

Token.io is a London-headquartered account-to-account (A2A) payments infrastructure company that enables payment service providers, acquirers, gateways, and tier-one banks to launch and manage open-banking-powered Pay by Bank solutions across the UK and Europe. Through a single API integration, payment providers access direct bank connectivity covering over 90% of bank accounts in most UK and European markets, supporting 4,000+ banks across 16+ countries via harmonized PSD2 open-banking standards. The company's platform eliminates card-network interchange and scheme fees, offers real-time settlement, and delivers average success rates above 95% in leading markets. Token.io operates across two primary commercial tracks: as a licensed third-party provider (TPP) itself — holding FCA authorisation as a PISP and AISP (Licence No. 795904) in the UK and BaFin authorisation in Germany (passported across 27 EEA countries) — and as a technical service provider (TSP) enabling other regulated entities to use their own licences atop Token's infrastructure. Core products include Single Immediate Payments (SIP), Variable Recurring Payments (VRP), Account Information Services (AIS and data), Settlement Accounts, Pay by Link, Payouts, and Refunds. Token.io's client base spans major European financial institutions and global payment companies. HSBC has powered its Open Payments solution on Token.io since 2019 and made a strategic equity investment in June 2025. BNP Paribas (via Opera Tech Ventures) launched its Instanea instant-payment proposition on Token.io's infrastructure. Mastercard selected Token.io as the connectivity layer for its Open Banking Hub. The company was founded in 2015 by Steve Kirsch; current CEO is Todd Clyde. Total funding stands at approximately $90 million, most recently a $40 million Series C in May 2022 co-led by Cota Capital and TempoCap. Token.io is entirely distinct from card network tokenization products or blockchain tokenization platforms.

Key features

• Single-API bank connectivity (4,000+ banks, 16+ countries)
• Pay by Bank and hosted payment flows (white-label ready)
• Variable Recurring Payments (VRP and open banking direct debit)
• Real-time settlement accounts and payouts
• Account Information Services (AIS and bank data access)
• PISP and AISP licensing-as-a-service (use Token's FCA and BaFin licence)