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🚨🚨SCOOP: Trump-linked fintech tied to "no KYC" crypto card programs, including one marketed for Iran sanctions evasion. Issuing partners have included Sutton Bank, Marqeta:
You’ve probably heard of World Liberty Financial, the crypto platform launched by then-candidate Trump shortly before the 2024 election.
You may have even heard of ALT5 Sigma — recently rebranded as AI Financial Corporation — into which World Liberty led a purported $1.5 billion investment in 2025.
But you probably have not heard of ALT5 subsidiary MSwipe, a Quebec-based middleware-style payment card issuing platform, which also operates under the name Stradacarte.
MSwipe, according to its own documentation and staff, offers so-called “no KYC” cards, ostensibly to be used for media buying — purchasing ads on popular platforms like Google and Facebook/Instagram, as well as across the web and in mobile apps through demand side platforms.
But such cards can also be exploited by bad actors for illicit uses, including paying for ads to promote scams or counterfeit goods, as well as use for money laundering and sanctions evasion.
MSwipe/Stradacarte works with 14 banks and program managers, one of its staffers told me, which appear to have included:
-Wex, most commonly known for its fleet card offerings, though the company, which has a banking subsidiary, also operates a virtual card issuing service marketed to fintechs;
-Marqeta, a card issuing platform popular with fintechs that partners closely with Sutton Bank. Sutton Bank confirmed it has worked with MSwipe, but stated that it was “a past relationship” that “ended in Q1 of 2026”;
-Corpay, previously known as Fintwist, which issues payroll cards and prepaid cards through its relationships with Regions Bank and Republic Bank & Trust;
-ConnexPay, a B2B payments platform that supports virtual card issuing, including in GBP and EUR, through its relationships with The Central Trust Bank and MVB Bank;
-and ViaCarte, a Panama- and Bahamas-based principal member of Visa and Mastercard that offers programmatic virtual card issuance.
Directly asked if KYC is required for media buying use cases — paying for ads on Google, Facebook, etc. — a Stradacarte staffer told me, “Because it is a media buy program, we don’t need to collect KYC for individual cardholders, so you can essentially just keep reusing the same cardholder name and address for all the cards you’re creating, if you want to. You just have to populate the cells with any information you want, and the card will work, as long as when you’re doing the transaction it matches the information you inputted correctly.”
Multiple sources told Fintech Business Weekly that various “no KYC” crypto card programs have leveraged MSwipe/Stradacarte to power their offerings, including Alphaspace and Bitsika.
Much more on this in Sunday's Fintech Business Weekly.
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