UAB "Nuvei

E-money or payment institution · Vilnius, Lithuania

Nuvei UAB is an electronic money institution authorised by the Bank of Lithuania under licence number 54, registered number 304445876, at Lvivo street 37-101 in Vilnius. It operates Simplex, the fiat-to-crypto gateway that wallets, exchanges and Web3 brands embed so their users can buy crypto with a card, Apple Pay, Google Pay, SEPA, ACH or Pix. Simplex says it covers 200+ cryptocurrencies, 100+ fiat currencies and 350+ partner integrations, and guarantees merchants zero chargebacks by taking the fraud risk itself. Its terms are clear that it opens no e-money, payment or custodial account for users: it is a gateway, not a bank.

Legal name: Nuvei UAB
Regulated by: Bank of Lithuania (electronic money institution licence number 54)
Licence confirmed: yes, on a regulator's own list
Website: www.simplex.com

Scores, 0 to 10

9.0Crypto-friendly bank

The entire product is a regulated fiat-to-crypto onramp for crypto businesses: 200+ cryptocurrencies, partner integrations with KuCoin, Trezor, Guarda and CoinGate, operated under an EU e-money licence. · source

7.5Stablecoins (USDC, USDT and others)

Nuvei offers stablecoin payouts, fiat and stablecoin conversion and settlement to business clients, supporting USDC on 14 blockchains and merchant-minted stablecoins. · source

7.0Customer satisfaction

Trustpilot shows 4.0 out of 5 from 29,192 reviews for simplex.com. · source

7.0Accept crypto payments

Nuvei sells crypto and stablecoin acceptance to merchants next to its card acquiring, with USDC on 14 blockchains and 24/7 stablecoin settlement, though it is offered by the Nuvei group rather than clearly by this entity. · source

7.0On-ramp: buy crypto with fiat

Simplex is a fiat-to-crypto checkout that crypto businesses embed for their users, covering 100+ fiat currencies, cards, Apple Pay and bank transfers across 350+ partners; it is built for a partner's customers, not for company treasury buys. · source

6.5Off-ramp: crypto to fiat in a business account

Simplex Banking offers crypto-to-fiat withdrawal and crypto-friendly accounts for partners, but no published limits, speeds or source-of-funds rules for business clients were found. · source

6.0Europe (EU, EEA, Switzerland)

Nuvei UAB holds a Bank of Lithuania electronic money institution licence (number 54) passportable across the EEA, and SEPA is a supported funding method, but no euro business account is offered. · source

6.0Fintech companies that need a partner bank

The business model is supplying regulated onramp infrastructure to other financial and Web3 platforms through APIs, iFrames and a wallet API, but it offers no safeguarding accounts or BIN sponsorship. · source

5.0Financial strength & stability

Licensed by the Bank of Lithuania and part of the Nuvei group, which reports connections in more than 200 markets, but no accounts, capital position or rating is published for either. · source

4.5Fast digital onboarding

Consumer purchases are near-instant, but a business integration starts with a Become a partner form and Simplex publishes no integration time or approval criteria. · source

4.0Foreign-owned & non-resident companies

Service is offered in 190+ countries but the terms exclude residents of listed prohibited countries and anyone in a jurisdiction where use would need a licence they do not hold; no company onboarding policy is published. · source

4.0High-risk verticals (iGaming, cannabis, adult, forex)

Crypto is served openly, but Simplex publishes no policy on gambling, adult, cannabis or forex merchants, and the terms bar any user in a jurisdiction where the service would be illegal. · source

4.0Bitcoin

BTC can be bought with fiat through the Simplex widget inside partner wallets and exchanges, with no custody or transfers held by Nuvei for a company. · source

4.0Ethereum

ETH and tokens among 200+ cryptocurrencies are sold through partner checkouts only, with no custody or staking for companies. · source

3.5Cross-border payments, FX and multi-currency accounts

Claims 100+ supported fiat currencies for buying crypto, but there is no multi-currency account, no published FX margin and no business payment corridor. No multi-currency accounts, pooling or hedging; the terms state no payment or e-money account is opened. · source

3.5Lowest fees

No fee schedule is published for consumers or partners; pricing is agreed through a partner conversation. · source

3.5Online businesses: e-commerce and SaaS

Ecommerce partners are named among the integrations and Nuvei supplies 570+ alternative payment methods, but Simplex itself sells a crypto purchase flow rather than general merchant acquiring. There are APIs and integration options, but no receiving accounts, accounting integrations or financing for a software business. · source

3.5Startups & VC-backed companies

A crypto startup can integrate the onramp, but there is no account, no financing and no startup programme. · source

2.0Best interest on business balances

No account is opened for the user, so there is no balance to pay interest on and no treasury product. · source

2.0Crypto wallet and custody for a business

Simplex by Nuvei delivers purchased crypto to partner wallets and exchanges and holds no crypto custody account for a company under this Lithuanian EMI licence, per its integration docs checked September 2026. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or trade finance of any kind. · source

1.0Business cards (Visa, Mastercard)

Simplex accepts cards as a funding method; the Nuvei group issues cards through other entities, and Nuvei UAB issues none to business clients here. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.