BRISKPE is a cross-border payments platform that utilizes global virtual accounts and real-time currency conversion to facilitate seamless international transactions for Indian MSMEs and freelancers. The platform addresses the complexities of regulatory compliance and high transaction fees, enabling users to receive payments quickly and cost-effectively while maintaining transparency throughout the payment process.
Funding
$5M 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
Indian MSMEs and freelancers face challenges with cross-border payments, including complex regulatory compliance, high transaction fees, and a lack of transparency, hindering their ability to efficiently receive international payments. Traditional methods often involve lengthy processing times and unfavorable exchange rates, impacting profitability.
Solution
BRISKPE is a cross-border payments platform designed to streamline international transactions for Indian businesses and freelancers. The platform provides global virtual accounts that enable users to manage multiple currencies and receive payments with ease. By integrating with existing payment systems like PayPal, BRISKPE simplifies the payment process while ensuring compliance with RBI and FEMA regulations. BRISKPE offers transparent, business-friendly rates with transaction fees under 1% and real-time currency conversion, allowing users to see exactly how much they will receive. The platform also facilitates hassle-free global payouts and payment links, making it easier to get paid quickly and efficiently.
Target Audience
The primary target audience includes Indian MSMEs, freelancers, e-commerce sellers, and service providers who require a cost-effective and efficient solution for receiving international payments.
Features
- Global virtual accounts for managing multiple currencies
- Integration with PayPal for receiving payments
- Payment links for quick and efficient payment collection
- Real-time currency conversion with transparent pricing
- Transaction fees under 1% (GST inclusive)
- Fast payments processed within 24 hours
- Free e-FIRA (Foreign Inward Remittance Advice) for compliance
- Mobile app for real-time transaction updates
- Secure payments compliant with RBI and FEMA regulations
- 24/7 customer support