Praxell has built a cloud-based platform that creates private-label financial solutions for businesses ranging from financial institutions to merchants and service providers. Praxell's program-management platform has been integrated with credit card and ATM networks, payment processors, point-of-sale networks, and retail systems to establish programs such as commercial check cashing, rebates, tax refunds, corporate expenses, and gifts. Since February 2017 the company has ceased its activity in Israel.