i2c Inc. has published a year-in-review summary for its PowerOne unified banking and payments platform, citing a 42% rise in clients that renewed or expanded their programmes over two years and a 46% growth in its largest client portfolios over the same period. The Redwood City, California-based company processes more than $70 billion in annual transaction volume across 216 markets and claims 99.999% historical platform availability.
The announcement is framed around a wave of new client wins rather than a specific deal or funding event. Named additions span regulated banks, digital-asset firms and gaming-payments operators: Crypto.com extended its global card programme across dozens of markets without building new infrastructure; Belize Bank migrated its Mastercard and Visa portfolios onto PowerOne without service interruption; and Sightline Payments, working alongside Cross River Bank, used the platform to launch what it described as a first-of-its-kind payments ecosystem for the US gaming industry. Latin American digital bank Inter also joined the client roster to support international expansion, and Wealthsimple, one of Canada’s larger fintech platforms, cited the platform’s configurability as a key factor in its partnership.
Platform architecture as the competitive argument
The commercial thesis i2c is advancing is one shared by a small number of global card-processing vendors: that a single, unified technology stack outperforms stitched-together multi-vendor arrangements on reliability, speed of product configuration, and total cost of ownership. The company claims more than 300 APIs, more than 100,000 pre-coded building blocks, and 1.5 million engineering hours invested annually in continuous development, with 30% of its workforce dedicated to research and development.
That argument has gained traction partly because the alternative is genuinely painful. New American Banker research, conducted in partnership with i2c, found that 88% of financial institutions have accelerated their modernisation timelines in response to competition from digital-first banks and non-bank providers, with legacy processing architecture cited most often as the primary barrier. The tension between proven scale on old infrastructure and agility on modern stacks is a real operational dilemma, and it shapes purchasing decisions at the programme manager and chief technology officer level.
Founder and chief executive Amir Wain described the platform’s direction in terms that signal a move toward agentic AI capabilities, framing unified data and decisioning workflows as the prerequisite architecture. “Our work toward agentic AI builds on the advantage of unified data, workflows, and decisioning, creating a foundation where intelligence can operate across the platform rather than being bolted onto fragmented systems,” he said.
Market context and competitive landscape
The card-issuing and processing segment is consolidating around a handful of global platforms. i2c competes against processors with significantly larger balance sheets, including Marqeta, Galileo (now part of SoFi), and established network-affiliated processing arms. Differentiation in this space tends to come from configurability, speed to market for new card programmes, and the depth of support for non-standard use cases such as multi-currency prepaid, crypto-linked debit and gaming wallets. The Sightline and CoinZoom client wins suggest i2c is deliberately targeting these higher-complexity, higher-margin niches rather than competing on volume alone.
Industry recognition during the year included placement in IDC FinTech Rankings’ Top 100, a Leading Vendor designation from Celent in card issuing and processing, and Established Leader status in Juniper Research‘s Modern Card Issuing Platforms Market 2025-2030 report. The company also joined Mastercard’s Crypto Partner Program and the Open Standard USD initiative, signalling ambition in stablecoin payment infrastructure.
i2c also made several senior leadership appointments, including a new chief financial officer, chief revenue officer, chief marketing officer and general counsel, suggesting the company is building out the executive layer typically associated with a business preparing for a liquidity event or a significant expansion phase, though no such plans were disclosed in the release.
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