xpate is a financial technology company founded in 2019 in Riga, Latvia, by Mike Shafro. It operates an all-in-one payment and banking platform that brings together card payments, foreign exchange, and banking services within a single account. The company serves fintechs, digital SMEs, and businesses in regulated industries, with offices in Riga and London and a customer base that extends worldwide.
The platform is designed to consolidate the financial infrastructure that online businesses typically manage across multiple providers. By combining payment acceptance, FX, and banking into one unified account, xpate enables businesses to send and receive money and manage funds without switching between separate systems or institutions.
xpate targets industries where payment complexity and cross-border friction are common challenges, including fintech operators and regulated-sector businesses that require reliable access to international financial tools. The company continues to develop and scale its platform in line with its founding premise that global payments should be seamless.