Spayce: Organic Growth, Own Tech, New Wallet

Jonathan Brathwaite, Chief Legal Officer at Spayce Technologies Incorporated (Payment Spayce), speaks at Money20/20 USA 2025 about why the company has taken a different path to most fintechs. Over the past 20 years, Spayce has built its entire technology stack in-house, growing organically without VC or private equity funding which means the team deeply understands its own infrastructure and can design, build and deliver a digital wallet on technology it fully controls.

Because the platform has been developed internally over such a long period, Spayce has created a next-generation payment gateway and digital platform with compliance built in from the ground up. Brathwaite explains that as regulations continue to shift across the U.S. and Canada, the digital wallet can be customised to new rules rather than patched afterwards, helping partners stay aligned with changing requirements.

On differentiation, Brathwaite highlights both the tech and the go-to-market strategy. The founders think differently, and that shows in how they plan to launch the wallet, using community-led marketing such as school and basketball initiatives instead of relying only on standard digital campaigns.

Partnerships are key. Spayce works with Visa in the U.S. and Mastercard in Canada, issuing a Spayce Visa card and Spayce Mastercard inside each wallet, in both digital and physical form. Looking ahead, Brathwaite points to two major themes: the upcoming U.S. Market Structure Clarity Act, which will reshape digital assets, the rapid growth of wearables, where Spayce aims to embed its wallet and card capabilities and “ride the wave” into the future.