ArmadilloPay provides cross-border payment solutions for businesses, enabling B2B and B2B2C transactions. Their platform simplifies international payments, ensuring efficient and secure transfers for clients.
Funding
Funding not disclosed
Founders
Product
Problem
Incumbent banks often rely on legacy systems, making it difficult for internationally focused corporations and SMEs to access competitive and compelling international payment solutions. This results in friction and increased regulatory risk within the banking system, hindering the fast and efficient distribution of funds to end-users.
Solution
ArmadilloPay provides a regulatory infrastructure designed to streamline cross-border payments. By creating a unified regulatory environment across multiple licenses in target jurisdictions, ArmadilloPay removes friction and minimizes regulatory risks. The company focuses on providing infrastructure solutions such as BIN sponsorship and support for Program Managers and Marketplaces via Mastercard, local IBANs, and eMoney accounts. This enables clients to efficiently manage and distribute funds to end-users, including employees, gig workers, and suppliers, while supporting growth to hundreds of thousands of account holders.
Target Audience
ArmadilloPay primarily serves global aggregators, internationally focused corporations, and SMEs that require efficient and cost-effective cross-border payment solutions.
Features
- eMoney accounts targeted at clients' customers, suppliers, and employees
- Local accounts with access to SEPA, Fasterpay, Interac, and ACH
- Multi-currency account support
- Cross-border payment capabilities
- BIN sponsorship
- Support for Program Managers and Marketplaces via Mastercard