Flagship · SaaS
Magnefo
Magnefo is Velwire's flagship SaaS product, live at magnefo.com. It currently operates as Magnefo LLC, registered in Delaware, and is being brought under Velwire Limited as a wholly owned UK subsidiary.
Portfolio
Seven products. One holding company behind them.
Magnefo, OPSFYN, and BingoPay are the group's three ready products, all open for investment today. The four ventures beside them are earlier-stage and in active build.
| Entity | Magnefo LLC |
|---|---|
| Registered | Delaware, USA |
| Website | magnefo.com |
| Category | Software as a Service |
| Group status | Consolidating as a Velwire subsidiary |
Ready · AI Accounting SaaS
OPSFYN
OPSFYN is Velwire's AI-based accounting SaaS product, live at opsfyn.com. It is fully built and held directly within the Velwire portfolio, and is currently open for investment alongside Magnefo as part of the group's fundraise.
| Product | OPSFYN |
|---|---|
| Category | AI-based accounting SaaS |
| Website | opsfyn.com |
| Build status | Ready — live product |
| Group status | Held within Velwire Limited, open for investment |
Flagship · BaaS Fintech / Neo Bank
BingoPay
BingoPay is Velwire's flagship Banking-as-a-Service fintech and neo-bank platform in the United States, live at bingopay.net. It operates as Bingo Tech Inc, registered in Illinois, and is a wholly owned subsidiary of Velwire Limited. BingoPay is FinCEN-registered as a Money Services Business and holds Money Transmitter Licenses (MTL).
| Entity | Bingo Tech Inc |
|---|---|
| Registered | Illinois, USA |
| Website | bingopay.net |
| Category | BaaS Fintech / Neo Bank |
| Regulatory status | FinCEN MSB Registered · MTL Licensed |
| Group status | Wholly owned subsidiary of Velwire Limited |
In development
The next four ventures
Each of the following is being built inside Velwire from the ground up, ahead of eventually operating as its own subsidiary in the same way Magnefo, OPSFYN, and BingoPay are now doing.
In development
Payment System
A payments platform designed to move money between businesses and customers reliably, with the compliance and settlement infrastructure that payments require.
In development
Ride-Hailing App
An on-demand ride-hailing product connecting riders and drivers, built with the dispatch, pricing, and trust mechanics the category depends on.
In development
Marketplace
A two-sided marketplace connecting buyers and sellers, with the listing, discovery, and transaction tooling a marketplace needs to earn trust on both sides.
In development
Social Network
A social networking application focused on how a defined community connects, shares, and communicates within its own space.
Interested in the portfolio as an investor?
See the current fundraise and how each venture fits into it.