Gustaf Hult - Intergiro - MPE 2023

Why It Matters

Intergiro’s API‑centric, Visa‑backed platform democratizes banking for SMEs, enabling faster product innovation and expanding the embedded finance ecosystem.

Key Takeaways

• Intergiro targets underserved SMEs with rapid, cloud-native banking
• Offers API-driven embedded finance for seamless client integration
• Principal Visa membership enables multi‑currency cards and payments
• Focus shifts from traditional banking to democratized financial services
• Event highlights growing demand for embedded finance solutions

Summary

Gustav Hult, founder of Intergiro, used the MPE 2023 stage to outline the fintech’s mission: delivering fast, cloud‑native banking services to small and medium‑size enterprises that struggle to access traditional banks. Since its 2017 launch, Intergiro has built a platform that can onboard businesses in days, provide multi‑currency accounts, cards, and payments, and expose these capabilities through a single, developer‑friendly API.

The company’s strategy hinges on three pillars: rapid, automated onboarding for underserved SMEs; an API‑first architecture that lets partners embed financial services directly into their products; and a principal membership with Visa, which unlocks global card issuance and multi‑currency transaction processing. Hult framed this as a reversal of the historic banking unbundling—re‑bundling essential services into a unified, programmable stack that eliminates the need for businesses to stitch together disparate providers.

“We are not the gatekeepers that traditional banks used to be; we enable a democratic way to build financial services,” Hult said, emphasizing Intergiro’s role as an infrastructure layer rather than a front‑line bank. He also praised the MPE gathering for fostering collaboration among decision‑makers, noting that the abstract concept of embedded finance discussed a year ago is now concrete and actionable for many attendees.

The implications are clear: fintechs that can integrate Intergiro’s APIs will accelerate product launches, reduce compliance overhead, and offer customers seamless, low‑friction financial experiences. For SMEs, the platform promises quicker access to essential banking tools, potentially leveling the competitive playing field and spurring broader adoption of embedded finance across industries.

Original Description

At MPE 2023, the FF News team caught up with Gustaf Hult, the Head of Banking as a Service at Intergiro. Intergiro have built a single API with various endpoints that allows their clients to offer or embed financial services to their clients.

“I think that what happened is that traditional banking had an opportunity to also move forward when it comes to consumer technology. But the lack of it led to others taking that opportunity and making really good consumer technology pieces or apps.”

“That era is probably a little bit over, so now we’re moving into more of the add-ons space. You want to make business where you actually purchase your consumer goods for instance. It should be super streamlined and have very low boundaries to get the service that you want. So that’s probably something where we’ll see even more going forward.”