Buoy Pay offers an embedded finance API that provides on-demand working capital to remittance and payment companies, ensuring they never run out of float. By allowing treasury managers to request top-ups through a simple API integration, Buoy Pay enhances liquidity management and operational efficiency, even during off-hours.
Funding
$634.5K 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
Remittance and payment companies face challenges in maintaining sufficient working capital, especially during peak transaction times or outside of regular business hours. Inadequate float can lead to delays in processing payments, impacting customer satisfaction and potentially disrupting operations.
Solution
Buoy Pay provides an embedded finance API that enables remittance and payment companies to access on-demand working capital, ensuring they always have sufficient float. Through a simple API integration, treasury managers can request top-ups to their prefunding accounts whenever balances run low. This B2B liquidity management platform operates 24/7, including nights, weekends, and holidays, providing continuous access to working capital and improving operational efficiency.
Target Audience
Buoy Pay's primary customers are remittance and payment companies that require reliable and readily available working capital to manage their operations effectively.
Features
- API-driven access to on-demand working capital
- Automated top-up requests for prefunding accounts
- 24/7 availability, including nights, weekends, and holidays
- Real-time liquidity management
- Integration with existing treasury management systems