Nayax Applies for Connecticut Innovation Bank Charter
Nayax applied on Aug 7, 2026, to establish Nayax America Bank as a non-depository institution under Connecticut's Innovation Bank framework. The proposed bank would be headquartered in Fairfield County and sit under Nayax USA Holdings, a newly formed US holding company. Carly Furman, CEO of Nayax North America, has been named proposed CEO of the bank.
If chartered, the bank would offer corporate cards, controlled-spend programmes, merchant cash advances and equipment financing. It would not accept deposits, offer consumer products or operate physical branches. Separately, Nayax launched Yellow Account, a US deposit service for business customers, with Adyen as the sponsoring bank holding the underlying balances.
North America accounts for about 40% of Nayax's global revenue and is its largest market.
- Connecticut's Innovation Bank framework emerges as a viable alternative path for fintechs seeking U.S. banking presence
- Growing number of international fintechs pursuing state-level charters could reshape the U.S. BaaS landscape by reducing reliance on partner banks