Aeropay provides a bank-to-bank payment solution using ACH technology, enabling fast and secure transactions without the need for cash or cards. The platform addresses the inefficiencies and risks associated with traditional payment methods by offering instant payouts and robust fraud prevention measures.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional payment methods like credit cards and cash come with inherent risks of fraud, high transaction fees, and slow processing times, creating inefficiencies for businesses and consumers alike. These methods often lack seamless integration with modern digital platforms, hindering the user experience and increasing operational overhead.
Solution
Aeropay provides a bank-to-bank payment solution that leverages ACH technology to enable secure and fast transactions without the need for cards or cash. The platform facilitates instant payouts and robust fraud prevention measures, addressing the limitations of traditional payment systems. By connecting directly to customer bank accounts, Aeropay offers a streamlined payment experience for both online and in-person transactions, reducing fraud risk and improving cash flow. The system supports various use cases, including online payments, subscriptions, and instant payouts, all managed through a unified API suite.
Target Audience
Aeropay primarily targets businesses across various industries, including health and wellness, gaming, retail (both brick-and-mortar and e-commerce), and B2B sectors like legal and accounting, as well as consumers seeking a secure and convenient payment method.
Features
- Secure bank linking using Aerosync for customer authentication.
- Real-time fraud detection and prevention mechanisms.
- Payments Widget SDK, Custom Payments API, Online Prepayments PREAUTH, QR codes, and payment links.
- Instant payouts available 24/7, including weekends.
- Extensive bank coverage for seamless connections.
- Subscriptions Widgets and Custom Subscription Solutions API.
- Unified API suite for simplified integration with existing systems.
- Bank-level encryption to ensure data security.