This unification brings scale, capability, and global reach under one group, creating a powerful engine for businesses seeking to build sophisticated, compliant, cross-border payment programmes.
November 24, 2025
News
Cambridge, UK — [24/11/2025] — Monavate today announced that it has combined its business with Baanx to form a new parent entity, W3C Corp, bringing together two of the most forward-thinking technology players in card issuing, processing, compliance, and decentralised payments.
W3C Corp now becomes the holding company for both Monavate Holdings Ltd, Baanx US Corp and Baanx.com Ltd (subject to regulatory approval)., aligning the strengths, capabilities, and technologies of both companies under one unified group structure.
This combination marks an essential milestone in Monavate’s journey. It reflects growing global demand for modern, compliant, API-driven payment infrastructure capable of operating across traditional finance and the rapidly expanding world of digital assets.
Monavate and Baanx have each built reputations for solving complex payment, settlement, and compliance challenges—Monavate as a principal scheme member and regulated issuer/processor in the UK and EU, and Baanx as a pioneer in crypto-linked card programmes, allowing users to spend their digital assets on-chain.
Together within W3C Corp, the combined group strengthens its ability to deliver:
This unification brings scale, capability, and global reach under one group, creating a powerful engine for businesses seeking to build sophisticated, compliant, cross-border payment programmes.
“Monavate was founded to build the next generation of payment infrastructure — smart, compliant, fast, and capable of handling the realities of both decentralised and traditional finance. As we’ve said it from the beginning: there is no Web3 without fintech. Our combination with Baanx to form W3C Corp strengthens that mission. Together, we’re bringing complementary expertise into one group structure, giving clients a more comprehensive platform and a larger geographic footprint. This is an important moment in our story, and one that positions us strongly for the next decade of innovation.” - Michael Rolph, CEO of Monavate
“In forming W3C Corp, we’re combining two organisations that have been designing the future from first principles. This is a natural evolution for both teams. It strengthens our ability to support clients, accelerates technical development, and sets the stage for a new era of payment innovation.” - Scott Lucas, Founder and President of Monavate
The formation of W3C Corp reflects the growing convergence of fintech, Web3, and global digital payments - and the need for infrastructure that can operate seamlessly across both regulated and decentralised environments.
With Monavate’s regulatory status, scheme memberships, multi-currency processing capabilities, and modular MonavateOne platform combined with Baanx’s crypto-native services, digital wallets, and on-chain settlement capabilities, W3C Corp is positioned to serve both emerging innovators and established enterprises across multiple regions.
This group formation lays the foundation for the next phase of Monavate’s growth, strengthening its ability to serve customers and expand into new markets.
Monavate is a Cambridge-based fintech specialising in modern card issuing, payment processing, and regulatory infrastructure for some of the world’s fastest-growing fintech and Web3 companies. Founded in 2020, Monavate is an FCA-regulated e-money institution and a principal member of Mastercard, Visa, and Discover, enabling clients to launch and scale payment programmes across the UK, Europe, and beyond. Through its API-first MonavateOne platform, Monavate delivers end-to-end issuing, authorisation, settlement, and compliance capabilities that bridge the worlds of traditional finance and digital value. Learn more at monavate.com.
Media Contact
tina@monavate.com
W3C Corp is a newly formed global payments infrastructure group created through the combination of Monavate Holdings Ltd. and Baanx.com Ltd (subject to regulatory approval). Unifying two of the most advanced companies in card issuing, digital asset payments, and regulated financial infrastructure, W3C brings together deep expertise across traditional finance and emerging decentralised technologies.
The group delivers end-to-end capabilities spanning regulated card issuing, processing, compliance, digital asset settlement, and hybrid fiat-on-chain financial services. With a footprint across the UK, EU, and international markets, W3C is designed to power the next generation of global payment experiences — connecting modern Web3 value flows with the trust, governance, and scalability of established financial systems.
W3C’s mission is to build infrastructure that makes programmable money usable at scale, enabling businesses, platforms, and innovators to move value instantly, securely, and across borders with confidence.
Media Contact
tina@monavate.com