Conduit offers a payments platform that enables global businesses to execute real-time transactions with reduced fees and improved visibility through local payment methods. The platform simplifies accounts payable and receivable processes, facilitating efficient payouts and pay-ins across multiple currencies.
Funding
$600K 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
Global businesses face challenges in executing real-time transactions due to high fees, lack of transparency, and complexities in managing accounts payable and receivable across multiple currencies and local payment methods. This can lead to inefficiencies in payouts and pay-ins, hindering expansion into new geographic markets.
Solution
Conduit offers a payments platform designed to streamline global transactions, providing businesses with faster and more cost-effective money movement. The platform simplifies accounts payable and receivable processes through an intuitive web application, enabling efficient payouts and pay-ins in multiple currencies. By leveraging customized fund flows, Conduit reduces fees and improves the speed of local fiat conversions, facilitating expansion into new regions. The platform also supports remote payroll, allowing businesses to pay employees in USD or local currencies using preferred payment methods.
Target Audience
The primary target audience includes fintech companies and modern businesses that require efficient and cost-effective global payment solutions.
Features
- Web application for managing accounts payable and receivable
- Global treasury management with fast forex transactions
- Remote payroll capabilities in USD or local currencies
- Competitive rates in multiple currencies through customized fund flows
- Settlement into bank accounts worldwide using local payment methods
- Named accounts for improved customer experience
- API integration (coming soon) for adding modern payments to existing products