Where is Advapay located?

Advapay is headquartered in Tallinn, Estonia. It is registered at Narva mnt 7b.

How many employees does Advapay have?

As of Jan 05, 2026, the latest employee count at Advapay is 38.

Is Advapay a funded company?

Advapay is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of Advapay?

Annual revenue of Advapay is €738K as on Dec 31, 2022.

Where does Advapay rank among its competitors?

Advapay ranks 43rd amongst 888 active competitors, of which 50 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Neem, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of Advapay?

Advapay's top competitors include Thought Machine, ION Group and Tuum. Among them, Neem secured the most recent funding round in January, 2026.

Advapay - 2026 Company Profile, Team, Funding, Competitors & Financials

Advapay is a funded company based in Tallinn (Estonia), founded in 2015 by Maxim Ivanchenko. It operates as a Provider of diversified banking services. The company has 888 active competitors, including 50 funded and 82 that have exited. Its top competitors include companies like Thought Machine, ION Group and Tuum.

Company Details

Provider of diversified banking services. Its offerings include core banking software, BaaS, and fintech consulting services. Its solutions for digital banks and fintech companies, helping them launch and optimize their operations.

Website: advapay.eu
Social
Email ID: *****@advapay.eu
Phone Number: +372 **********
Registered Address: Narva mnt 7b

Key Metrics

Founded Year

2015

Location

Tallinn, Estonia

Stage

Funding Raised

Investors

Enviros Ventures

Ranked

43^rd among 888 active competitors

Annual Revenue

€738K as on Dec 31, 2022

Employee Count

38 as on Jan 05, 2026

Similar Companies

Thought Machine & 395 more

View Advapay's full profile

Advapay is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ADVAPAY OÜ CIN: 12992774 , Estonia, Active		$1.68M (As on Dec 31, 2022)	3 (As on Sep 30, 2024)
Advapay Software OÜ CIN: 14675807 , Estonia, Active	Mar 04, 2019	$778K (As on Dec 31, 2022)	4 (As on Sep 30, 2024)

Advapay is a funded company. Advapay has 1 institutional investor.

View details of Advapay's funding rounds and investors

The founders of Advapay is Maxim Ivanchenko.

Here are the details of Advapay's key team members:

Maxim Ivanchenko: Founder of Advapay and founder of 3 other companies, PayAlly, MacrobanX and OTP/MAC Generator.

View details of Advapay's Founder profiles and Board Members

Advapay's employee count trend

Advapay has 38 employees as of Jan 26. Here is Advapay's employee count trend over the years:

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Top competitors of Advapay include Thought Machine, ION Group and Tuum. Here is the list of Top 10 competitors of Advapay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Thought Machine 2014, London (United Kingdom), Series D	Developer of a cloud-based platform for core banking	$706M	Lloyds Banking Group, Molten Ventures & 35 others	70/100
2nd	ION Group 1998, New York City (United States), Late Stage	Treasury management solutions for financial institutions and banks	$400M	The Carlyle Group, TA & 3 others	68/100
3rd	Tuum 2019, Tallinn (Estonia), Series B	Provider of a cloud-native API-first core banking platform	$49.8M	Citi Ventures, BlackFin & 10 others	66/100
4th	10x 2016, London (United Kingdom), Series C	Developer of a cloud-native SaaS platform for core banking services	$349M	BlackRock, Oliver Wyman & 9 others	63/100
5th	Skaleet 2015, Boulogne billancourt (France), Series B	Cloud-agnostic core banking solution	$30.7M	Long Arc Capital, Inclusive Fintech 50 & 1 others	62/100
6th	BKN301 2021, London (United Kingdom), Series B	Provider of Banking-as-a-Service orchestration platform	$67.7M	Abalone Group, BlackRock & 15 others	60/100
7th	Roinet Solution 2012, Gurugram (India), Seed	Developer of financial inclusion and digital finance and banking solutions to under-served communities	$2.21M	Southfield Group & 8 others	59/100
8th	Neem 2019, Karachi (Pakistan), Seed	Full-stack payment infrastructure powering how businesses in Pakistan accept, send, and manage money	$3.5M	Epic Angels, DNI & 12 others	57/100
9th	Finxact 2016, Jacksonville (United States), Acquired	Provider of cloud-based core banking software	$74.8M	LiveOak Venture Partners, Truist & 7 others	57/100
10th	Backbase 2003, Amsterdam (Netherlands), Series D	Provider of AI-powered banking platforms for growth	$129M	Motive Partners	57/100
43rd	Advapay 2015, Tallinn (Estonia), Funding Raised	Provider of diversified banking services	-	Enviros Ventures	43/100