CifraPay offers a digital platform for B2B payment processing that enables companies to make and receive payments globally in multiple currencies. The platform ensures fast, secure transactions through a network of banking partnerships, allowing businesses to streamline their payment operations and enhance cash flow.
Funding
$8M 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
Many businesses face challenges when making and receiving international payments, including high transaction fees, slow processing times, and security risks. Traditional payment methods often lack transparency and can be cumbersome, hindering efficient global commerce.
Solution
CifraPay offers a digital B2B payment processing platform designed to streamline global transactions in multiple currencies. By connecting businesses to a network of banking partners, CifraPay facilitates fast and secure payments, enhancing cash flow and operational efficiency. The platform provides a controlled environment adhering to regulatory standards, ensuring smooth and compliant transactions for both clients and governments. CifraPay's solution enables businesses to make local payments in numerous locations worldwide, with payments arriving as local transfers from compliance-checked accounts.
Target Audience
CifraPay primarily targets businesses engaged in international trade that require a secure and efficient solution for sending and receiving cross-border payments.
Features
- Multi-currency support for collecting receivables from over 40 countries
- Global payout network for cross-border, real-time payments into bank accounts
- Secure platform with end-to-end protection
- Webapp interface with mobile app coming soon
- Banking relationships that enable business in major regions worldwide
- Compliance with regulatory standards