About Cadana

Cadana provides a platform that enables compliant hiring and payment processing across 100 countries through its APIs, facilitating real-time transactions to local banks and mobile wallets in emerging markets. By leveraging local entities and expertise, Cadana mitigates labor non-compliance risks and reduces transaction costs by an average of 50% compared to traditional payment aggregators.

```xml <problem> Companies face significant challenges in compliantly hiring and paying workers across numerous countries, especially in emerging markets. These challenges include navigating complex local labor laws, high transaction costs, and the risk of fraud when making cross-border payments. Traditional payment aggregators often lack the local expertise and infrastructure needed to efficiently and securely process payments in these regions. </problem> <solution> Cadana offers a suite of APIs and white-label solutions that enable businesses to compliantly manage global hiring and payments, particularly in Africa, Asia, and Latin America. The platform facilitates real-time transactions to local banks, mobile money accounts, and e-wallets, leveraging a local network to reduce transaction costs and mitigate labor non-compliance risks. Cadana's infrastructure allows companies to embed compliant multi-currency wallets and offer financial services, such as virtual cards, stock investments, and earned wage access. By automating tax compliance and providing AI-powered transaction monitoring, Cadana simplifies global workforce management and reduces operational overhead. The platform's modular UI components and customizable APIs allow for seamless integration with existing workflows. </solution> <features> - Compliant payments to local banks, mobile money accounts, and e-wallets in over 100 countries. - White-label contractor management and payroll solutions. - Multi-currency wallets with virtual cards and investment options. - AI-powered transaction monitoring and fraud mitigation. - Automated tax compliance across global jurisdictions. - Real-time payment processing with 87% of transactions settling instantly. - Customizable APIs and SDKs for easy integration. - ISO 27001 and SOC 2 certified data security. </features> <target_audience> Cadana primarily targets talent marketplaces, staffing platforms, and international HR providers that need to compliantly hire and pay workers in emerging markets. </target_audience> <revenue_model> Cadana generates revenue through a revenue share model, allowing clients to add customizable markups on FX, withdrawals, and financial services. The company also offers white-label solutions and API access, with pricing likely based on transaction volume or usage. </revenue_model> ```

What does Cadana do?

Where is Cadana located?

Cadana is based in East New York, United States.

When was Cadana founded?

Cadana was founded in 2021.

How much funding has Cadana raised?

Cadana has raised 11400000.

Location

East New York, United States

Founded

2021

Funding

11400000

Employees

24 employees

Major Investors

Costanoa Ventures

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Cadana

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Executive Summary

cadanapay.com 3K+

Crunchbase

Founded 2021 – East New York, United States

Funding

Estimated Funding

$10M+

Major Investors

Costanoa Ventures

Team (20+)

No team information available.

Company Description

Problem

Companies face significant challenges in compliantly hiring and paying workers across numerous countries, especially in emerging markets. These challenges include navigating complex local labor laws, high transaction costs, and the risk of fraud when making cross-border payments. Traditional payment aggregators often lack the local expertise and infrastructure needed to efficiently and securely process payments in these regions.

Solution

Cadana offers a suite of APIs and white-label solutions that enable businesses to compliantly manage global hiring and payments, particularly in Africa, Asia, and Latin America. The platform facilitates real-time transactions to local banks, mobile money accounts, and e-wallets, leveraging a local network to reduce transaction costs and mitigate labor non-compliance risks. Cadana's infrastructure allows companies to embed compliant multi-currency wallets and offer financial services, such as virtual cards, stock investments, and earned wage access. By automating tax compliance and providing AI-powered transaction monitoring, Cadana simplifies global workforce management and reduces operational overhead. The platform's modular UI components and customizable APIs allow for seamless integration with existing workflows.

Features

Compliant payments to local banks, mobile money accounts, and e-wallets in over 100 countries.

White-label contractor management and payroll solutions.

Multi-currency wallets with virtual cards and investment options.

AI-powered transaction monitoring and fraud mitigation.

Automated tax compliance across global jurisdictions.

Real-time payment processing with 87% of transactions settling instantly.

Customizable APIs and SDKs for easy integration.

ISO 27001 and SOC 2 certified data security.

Target Audience

Cadana primarily targets talent marketplaces, staffing platforms, and international HR providers that need to compliantly hire and pay workers in emerging markets.

Revenue Model

Cadana generates revenue through a revenue share model, allowing clients to add customizable markups on FX, withdrawals, and financial services. The company also offers white-label solutions and API access, with pricing likely based on transaction volume or usage.