The startup provides a fintech platform that enables online businesses to create multi-currency International Bank Account Number accounts and facilitates global payment acceptance and digital disbursement. This service allows digital entrepreneurs, merchants, and social media influencers to efficiently manage their finances and expand their market reach without the complexities of traditional banking.
Funding
$10.7M 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
Online businesses face challenges in managing international transactions, including accepting payments, sending payouts, and handling multiple currencies, often relying on traditional banking systems that are slow, expensive, and complex. This can hinder their ability to efficiently operate and expand globally.
Solution
Bivial provides a modern Swiss account and global payment platform designed for digital businesses to streamline international financial operations. The platform enables businesses to accept payments via bank transfers, cards, alternative payment methods, and wallets, and send payouts in 160+ countries using locally preferred methods and currencies. Bivial offers multi-currency accounts with Swiss IBANs, virtual IBANs upon request, and instant currency exchange, allowing businesses to manage funds and transactions efficiently. With Bivial, businesses can integrate and automate their payment processes through APIs, Swift, or batch files, simplifying financial reporting and reconciliation.
Target Audience
Bivial primarily serves online businesses, including startups, established corporations, non-profits, payment service providers, online services, online commerce, and regulated online services, that require efficient multi-currency accounts and global payment solutions.
Features
- Multi-currency business accounts with Swiss IBANs in EUR, USD, GBP, CHF, and other currencies
- Global payment acceptance via bank transfers, cards, alternative payment methods, and wallets
- Outbound payments to 160+ countries via global bank transfers, local bank payouts, local alternative payouts, and push-to-card payouts
- Virtual Visa corporate debit cards for online and worldwide purchases, compatible with Apple Pay and Google Pay
- Virtual IBANs available upon request
- Instant currency exchange between accounts
- Integration capabilities via APIs, Swift, or batch files
- Customizable high-spend limits for each virtual card
- Comprehensive dashboard for managing multiple companies, user rights, and signatories