APIs · head to head
Basis Theory vs Meniga
Basis Theory
APIs
Developer tokenisation platform that holds card and sensitive data inside a PCI Level 1 environment you do not operate
- From
- $995/month
- Rated
- -
Meniga
APIs
White-label personal finance management and data enrichment platform for banks
- From
- On request
- Rated
- -
The short version
- Each has a real cost: Basis Theory the Starter plan is 995 US dollars a month before any volume, which is a real floor for an early stage company and puts the product out of reach of teams tokenising a few thousand records.; Meniga its output quality depends entirely on the transaction data quality the host bank feeds it, so poor underlying data produces poor categorisation and insights regardless of Meniga's own engine.
- They diverge on capability: Basis Theory covers Tokenisation API, Meniga covers Transaction categorisation.
- Prices and features above were last checked on 1 September 2026.
Where they differ
Only the attributes on which Basis Theory and Meniga actually diverge.
| Attribute | Basis Theory | Meniga |
|---|---|---|
| Starting price | $995/month | On request |
| Pricing model | Per month by token volume | quote |
| Platforms | Web, iOS, Android, Linux | Web, iOS, Android |
Identical on both: free tier (No), user rating (Not yet rated), category (APIs).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Basis Theory
- Tokenisation API
- Hosted elements
- Outbound proxy
- PCI attestation of compliance
- Processor portability
- Reactors
- Access controls and audit
- PII and PHI options
Only in Meniga
- Transaction categorisation
- Personal finance management
- Carbon footprint insights
- Predictive analytics
- Targeted rewards
- White-label deployment
What people use each for
The jobs each tool is most often brought in to do.
Basis Theory
- A payments company that wants card on file without bringing its own infrastructure into PCI scope and paying for the assessment that followsnot Meniga
- A merchant locked into a processor by that processor vault that wants to hold its own tokens and route to more than one acquirernot Meniga
- A fintech collecting bank account and identity data that needs it isolated from its application database before an enterprise security reviewnot Meniga
- A team that needs to send stored card data to a third party for a one-off integration without that data traversing its own serversnot Meniga
Meniga
- A retail bank wanting personal finance management features added to its existing app without building categorisation in housenot Basis Theory
- A bank wanting carbon footprint insight features as a customer-facing sustainability offeringnot Basis Theory
- A bank wanting transaction-driven targeted rewards and offers integrated with spending datanot Basis Theory
- A bank consolidating PFM and rewards into one white-label vendor rather than running separate point solutionsnot Basis Theory
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Basis Theory
- The Starter plan is 995 US dollars a month before any volume, which is a real floor for an early stage company and puts the product out of reach of teams tokenising a few thousand records.
- Starter is limited to the US region, so a company with European data residency requirements is pushed into a quoted Scale or Enterprise agreement immediately.
- Log retention on Starter is 24 hours, which is well below what most security teams expect for a system holding cardholder data and forces an upgrade for reasons unrelated to volume.
- Migrating away means moving card data out of the vault, which requires processor and assessor involvement and is slow, so the portability argument that attracts buyers cuts against them at exit.
- An attestation of compliance covers the vendor environment, not your assessment; your assessor still decides what is in scope, and buyers occasionally discover their integration pattern pulled systems back into scope anyway.
Meniga
- Its output quality depends entirely on the transaction data quality the host bank feeds it, so poor underlying data produces poor categorisation and insights regardless of Meniga's own engine.
- Pricing is not published, requiring a licensing negotiation scaled to deployment size.
- Growth by acquisition, including the Wrapp rewards platform, means a bank evaluating Meniga for PFM specifically may end up being sold a broader bundle including rewards functionality it did not originally want.
- As a white-label layer rather than a customer-facing brand, its own market reputation and reliability are harder for an end consumer, or even a prospective bank client, to evaluate directly compared with a consumer-facing fintech.
- It competes with PFM and engagement features increasingly built natively by core banking or engagement platform vendors themselves, such as Backbase, which can reduce the case for a separate specialist layer.
Pricing, plan by plan
Basis Theory
$995/month- Starter$995/month
- 20,000 tokens included
- Production PCI Level 1 environment
- US region only
- Scale$undefined/month
- Quoted
- Higher token volumes
- Additional regions
- Enterprise$undefined/month
- Quoted
- Additional compliance options for PII and PHI
- Responses for 95 percent of PCI SAQ D
Meniga
On request- Meniga$undefined/year
- Pricing not published, licensed to banks per deployment scale
Which should you pick?
Choose Basis Theory if
- You need tokenisation api.
- You work on Web, iOS, Android, Linux.
- You also want hosted elements.
Choose Meniga if
- You need transaction categorisation.
- You work on Web, iOS, Android.
- You also want personal finance management.
Questions people ask
- Is Basis Theory or Meniga better?
- Neither clearly leads. Basis Theory starts at $995/month and Meniga at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Basis Theory or Meniga?
- Basis Theory starts at $995/month and Meniga at On request.
- Does Basis Theory or Meniga run on more platforms?
- Basis Theory runs on Web, iOS, Android, Linux. Meniga runs on Web, iOS, Android.
- What is Basis Theory best used for?
- Basis Theory is most often used for a payments company that wants card on file without bringing its own infrastructure into pci scope and paying for the assessment that follows, a merchant locked into a processor by that processor vault that wants to hold its own tokens and route to more than one acquirer, a fintech collecting bank account and identity data that needs it isolated from its application database before an enterprise security review, a team that needs to send stored card data to a third party for a one-off integration without that data traversing its own servers. Of those, a payments company that wants card on file without bringing its own infrastructure into pci scope and paying for the assessment that follows and a merchant locked into a processor by that processor vault that wants to hold its own tokens and route to more than one acquirer are not what Meniga is typically brought in for.
- What can Basis Theory do that Meniga cannot?
- Basis Theory covers Tokenisation API, Hosted elements, Outbound proxy, PCI attestation of compliance. Meniga covers Transaction categorisation, Personal finance management, Carbon footprint insights, Predictive analytics.
Answered from the vendors’ own pages
Basis Theory: Does this make us PCI compliant?
It removes cardholder data from your systems and gives you an AOC plus documented responses for most of a SAQ D. Your assessor still determines your scope, and a careless integration can pull systems back in.
Meniga: Is Meniga a consumer app?
No, it is a white-label platform banks embed into their own branded apps, not sold directly to consumers.
Basis Theory: What does it cost to start?
995 US dollars a month on Starter, including 20,000 tokens, a production PCI Level 1 environment and US hosting. Higher tiers are quoted.
Meniga: How many banking customers does it reach?
Over 100 million banking customers across roughly 30 countries, through its bank clients.
Basis Theory: Can we switch payment processors without re-collecting cards?
Yes, that is the main non-compliance reason to buy it. You hold the tokens and detokenise into whichever processor you route to.
Meniga: Does it only do personal finance management?
No, it has expanded through acquisitions like Wrapp into transaction-driven rewards as well as PFM and carbon insights.
Basis Theory: Is data stored outside the United States?
Not on Starter, which is US only. Other regions require a Scale or Enterprise agreement.
Related pages
More on Basis Theory
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