Kapaga business account review

We take a closer look at the Kapaga business account and its pros and cons to help you decide if it’s right for you.

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Payment solutions company Kapaga was founded in 2021. The London-based fintech provides a business bank account and multi-currency payments services for SMEs in the UK. Read our review to find out more.

What is Kapaga?

Kapaga is a payment solutions business which provides multi-currency business accounts and facilitates international payments to over 150 countries. It’s aim is to provide a digitised and decentralised service to businesses that may have been overlooked by traditional banks.

What types of business accounts are on offer?

Kapaga offers a business bank account with the following key features:

  • Multi-currency account that can be opened in EUR, GBP or USD
  • Multi-user access/dual authorisation
  • Competitive currency exchange rates
  • Ability to send fast payments to over 150 countries
  • Single view from account dashboard
  • Virtual card
  • Accounting software intergration

What types of fees are there?

There are 2 different pricing plans with the Kapaga business account. The first costs £59.99 per month and the second is a custom pricing solution that depends on your business’s needs.

On top of this, you’ll also pay fees for the following:

Local GBP incoming (Faster Payments, BACS)£0.35
Local GBP outgoing (Faster Payments)£0.35
Local EUR SEPA incoming€0.35
Real-time EUR incoming (SEPA instant up to 100,000 EUR)£0.35
Local EUR SEPA outgoing*€0.45
Real-time EUR outgoing (SEPA Instant up to 100,000 EUR)£0.45
International EUR or GBP incoming (SWIFT)€35 or £35
International EUR or GBP outgoing (SWIFT)*€45 or £45
Foreign exchange (FX) at the interbank rate EUR and GBP0.4%
International payments in USD and 16 other currencies0.6%
Official confirmation letter£50
Reference letter£50
Hard-copy postage of any document£20
SWIFT investigation/placing a trace caused by customer’s errors£25

*Outgoing payments over £25,000 (SWIFT) or €25,000 (SEPA and SWIFT) will be charged an additional 0.01%.

How to apply

You can apply for a Kapaga business account online. You’ll need to fill in a form, including a few personal and business details, and your account should be up and running within 3 business days.

Your business must be registered in the UK or Gibraltar to qualify and there is a list of industries that will not be accepted on the Kapaga website.

Is it safe?

Kapaga is a trading name of Finadvant Ltd, which is an Electronic Money Directive agent of PayrNet. The company is authorised by the Financial Conduct Authority (FCA), but it is not a bank and your money will not be protected under the Financial Services Compensation Scheme (FSCS).

Instead, your funds will be held in segregated bank accounts, which means that should Kapaga go out of business, you should still get your money back.


  • Multi-currency account
  • Multi-user access
  • Competitive exchange rates
  • New features coming soon


  • High monthly account fee
  • Various transaction charges
  • No FSCS protection

Customer service information for Kapaga

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Is this business account from Kapaga worth it?

If you’re after a multi-currency business account and you need to be able to easily send money abroad, the Kapaga business account is worth a look. However, many of its features are still in development, so at the moment, there’s not a huge amount to shout about. The monthly account fee is also high and there are further fees for many transactions, which means you’re likely to find a cheaper option by shopping around and looking elsewhere.

Frequently asked questions

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