Crosspay is a multi-currency payment platform that facilitates fast, secure cross-border transactions for individuals, businesses, and charities through direct APIs with over 10,000 banks in more than 50 countries. The platform enables users to receive funds as bank credits, mobile money, or cash pickups, addressing the complexities of international money transfers with low fees and quick processing times.
Funding
$790K 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
Traditional cross-border payment systems often involve high fees, slow processing times, and complex procedures, creating friction for individuals, businesses, and charities sending money internationally. Navigating varying regulations and banking infrastructures across different countries adds further complications.
Solution
Crosspay offers a multi-currency payment platform designed to streamline cross-border transactions through direct APIs with a global network of over 10,000 banks in more than 50 countries. The platform facilitates fast and secure international money transfers, enabling users to send and receive funds as bank credits, mobile money, or cash pickups. Crosspay simplifies the complexities of international payments by providing a single API for seamless transactions and multi-currency payouts.
Target Audience
Crosspay primarily serves individuals, small to medium-sized enterprises, charities, and financial institutions that require efficient and cost-effective cross-border payment solutions.
Features
- Direct API integration with over 10,000 banks worldwide
- Support for payouts in over 50 countries
- Multi-currency payment processing
- Options for receiving funds as bank credits, mobile money, or cash pickup
- Encryption technology to ensure secure transactions
- Modular, integrated payment ecosystems for individuals and businesses