xpate is a payments and banking platform founded in 2019 by Mike Shafro in Riga, Latvia. It combines card payments, foreign exchange, and banking services into a single unified account, enabling businesses to send and receive money and manage finances without switching between multiple providers or systems.
The platform is built for fintechs, digital SMEs, and regulated industries that require reliable access to financial infrastructure across borders. By consolidating payments and banking into one hub, xpate addresses the fragmentation that typically forces businesses in these segments to maintain relationships with several separate financial providers.
The company operates with teams in Riga and London, and its platform serves customers worldwide. xpate is currently focused on scaling its infrastructure and expanding access to its financial tools across global markets.
