Finland · Payments & e-money
Ivy Pay OY
Ivy Pay Oy is a Finnish limited company based in Helsinki. The Finnish Financial Supervisory Authority (FIN-FSA) authorises it as a payment institution, and it provides its services across the EEA under the EU passport. According to its Legal Entity Identifier (LEI) record, Augustus International GmbH of Germany is its parent. The group traded as Ivy until May 2026, when it rebranded as Augustus. Ivy Pay Oy provides pay-by-bank payment initiation, account information, payment accounts and payouts to merchants, platforms and financial institutions. The group describes it as the regulated European entity through which Ivy GmbH may provide payment services.
Licences and registrations
Held by Ivy Pay Oy (LEI 743700P6ASTV3PQH0M13). 2 entries on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterFinnish Financial Supervisory AuthorityLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Payment institutionPayment Institution | 32927038 | Finland | Active | 2023-06-06 | — |
|
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| EBA PSD2 RegisterFinnish Financial Supervisory AuthorityLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Account information service providerAccount Information Service Provider | 32927038 | Finland | Active | 2025-03-14 | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- IVPYFIH2XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of IVPYFIH2 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · VOP · TIPS
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2025-08-02
- Last updated
- 2025-08-02
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
Augustus International GmbH
Firm type
Open banking
Trades as Augustus (formerly Ivy)
- Standing
- The group formerly trading as Ivy rebranded as Augustus in May 2026. Ivy Pay Oy remains the group's authorised payment institution in the EEA under its Finnish authorisation.
- Ownership
- According to its LEI record, Augustus International GmbH of Germany is the direct and ultimate parent of the firm. The shareholding percentage is not published.
- Direct parent
- Augustus International GmbH ↗, Germany
- Head office
- Erottajankatu 15–17 A LH 308 (c/o Boffice), 00130 Helsinki, Finland
- Company register
- Finnish Trade Register (Business ID) 3292703-8
- Incorporated
- 2022
- Founders
- Ferdinand Dabitz · Joshua Becker · Simon Wimmer · Peter Lieck
- Former name
- H3llo Pay Oy
Online
- Websites & references
- augustus.com ↗
getivy.io ↗ former Ivy brand site carrying the imprint, terms and regulatory statement
docs.augustus.com ↗ developer documentation - Official social accounts
- None found
Sources · 11 pages consulted
- lb.lt/en/sfi-financial-market-participants/ivy-pay-oy
- getivy.io/legal/imprint
- getivy.io/legal/end-user-terms-of-service
- getivy.io/legal/terms-and-conditions
- getivy.io/industry/crypto
- augustus.com/
- fi.ee/en/payment-services/payment-institutions/payment-services/providers-cross-border-payment-
- prnewswire.com/news-releases/augustus-announces-180m-series-b-at-1b-valuation-to-give-international-fint
- prnewswire.com/news-releases/augustus-receives-occ-conditional-approval-to-charter-the-first-clearing-ba
- getivy.io/newsroom/instant-payment-fintech-ivy-strengthens-management-team-sascha-bross-joins-ivy-f
- ledgerinsights.com/augustus-raises-180-million-funding-as-it-chases-a-full-us-bank-charter-and-fed-account/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FIN-FSA authorises the firm as a payment institution for payment services, card acquiring, payment initiation and account information, recorded in the EBA register from June 2023. The firm passports these services to other EEA states, and the group's Ivy GmbH may provide payment services through it.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Finnish Financial Supervisory Authority (FIN-FSA) Finland | Authorised Payment Institution | 3292703-8 | In its own name | Active | getivy.io ↗ |
| Finnish Financial Supervisory Authority (FIN-FSA) Finland | Account Information Service Provider (EBA register entry) | 32927038 | In its own name | Active | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsAccording to the regulatory statement on its website, customer funds are held in one or more segregated accounts and safeguarded in full in line with the Finnish Financial Supervision Act.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It initiates account-to-account payments from payers' EEA bank accounts on behalf of merchants and partners. The group also markets payment accounts, payouts and euro settlement to fintechs, crypto-asset firms and banks.
It serves customers across the EU and EEA under its Finnish authorisation, passported to the host states listed in the EBA register.
- Sells to
- Enterprises · Financial institutions · Platforms and marketplaces
- Serves customers in 4 countries
- Finland · Estonia · Lithuania · Portugal
- Latest funding round
- Series B · USD 180m Jul 2026Led by Tiger Global
- Total raised
- USD 210m to Jul 2026 · prnewswire.com ↗
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Sascha Bross Managing Director, Ivy Pay Oy
Recent events
Researched 29 Sep 2026 · Sources
-
Funding
The Augustus group announced a USD 180 million Series B round led by Tiger Global at a USD 1 billion valuation.
prnewswire.com ↗ -
Other
The group rebranded from Ivy to Augustus after the OCC gave conditional approval for a US national bank, Augustus Bank, N.A.
prnewswire.com ↗ -
Leadership
The group appointed Sascha Bross, formerly of Holvi, as Managing Director of Ivy Pay Oy.
getivy.io ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- IVPYFIH2XXX
- How the BIC breaks down
- IVPYBank
- FICountry · Finland
- H2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 743700P6ASTV3PQH0M13
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 32927038
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 7cec19223621
- National bank code
- Rahalaitostunnus (National ID) 792
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 2 entries on 1 register
- Activities
- Payment services
- Card acquiring
- Payment initiation
- Account information
- Licensed in
- Finland
- Country · region
- Finland · Europe & Central Asia
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Augustus International GmbH · Germany391200D431PCKI78F318 ↗
Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- KONEPAJANKATU 1 HELSINKI 00510 FINLAND
- Operational address
- KONEPAJANKATU 1 HELSINKI 00510 HELSINKI FINLAND
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>IVPYFIH2XXX</BICFI>
<LEI>743700P6ASTV3PQH0M13</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>IVPYFIH2XXX</BICFI>
<LEI>743700P6ASTV3PQH0M13</LEI>
<Nm>IVY PAY OY</Nm>
<PstlAdr>
<TwnNm>HELSINKI</TwnNm>
<Ctry>FI</Ctry>
<AdrLine>KONEPAJANKATU 1 HELSINKI 00510</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2026-02-02 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2026-02-02 | Head office | — |
| Verification of Payee | 2026-02-10 | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Rahalaitostunnus (National ID) · Finland
1 code file of 2026-03-16
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| 792 | IVPYFIH2 | IVY PAY OY |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of TIPS participants and reachable parties.
- National bank codes—Finland (Source: Finance Finland (Finanssiala)).
- EBA PSD2 Register—European Banking Authority (EBA) · register ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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