Cybrid
About Cybrid
Cybrid provides a payment API infrastructure that enables banks and financial institutions to integrate cryptocurrency and decentralized finance products into their existing services. This platform facilitates compliance with KYC and AML regulations while offering multiple payment rails, including ACH, domestic wires, and Bitcoin, to streamline digital asset transactions.
<problem> Banks and financial institutions face challenges in integrating cryptocurrency and decentralized finance (DeFi) products into their existing service offerings. These institutions must navigate complex KYC and AML regulatory landscapes while providing access to multiple payment rails for digital asset transactions. </problem> <solution> Cybrid provides a payment API and SDK platform that enables banks and financial institutions to offer cryptocurrency and DeFi services within their existing infrastructure. The platform streamlines compliance with KYC and KYB requirements through integrated identity verification and due diligence processes. Cybrid's solution supports multiple payment rails, including ACH, domestic wires, RTP, FedNow, and various blockchain networks like Bitcoin, Lightning, USDC, USDT, and ETH. The platform also offers virtual FBO accounts, routable sub-accounts, and MPC digital wallets to facilitate secure and efficient digital asset transactions. </solution> <features> - Integrated KYC and KYB processes for individual and business onboarding - Support for multiple payment rails: ACH, domestic wires, RTP, FedNow, Bitcoin, Lightning, USDC, USDT, and ETH - Virtual FBO accounts and routable sub-accounts for USD and CAD - MPC digital wallets with deposit and withdrawal functionality - Integration with Plaid for secure bank account linking - Smart order router for optimized cryptocurrency transactions - RESTful API with OpenAPI specification and client SDKs in multiple languages - Developer sandbox for testing and integration - Real-time payment processing with immediate settlement via Fedwire - Fraud prevention and AML monitoring </features> <target_audience> Cybrid targets banks, financial institutions, and fintech companies seeking to integrate cryptocurrency and DeFi services into their existing platforms while maintaining regulatory compliance and security. </target_audience>
What does Cybrid do?
Cybrid provides a payment API infrastructure that enables banks and financial institutions to integrate cryptocurrency and decentralized finance products into their existing services. This platform facilitates compliance with KYC and AML regulations while offering multiple payment rails, including ACH, domestic wires, and Bitcoin, to streamline digital asset transactions.
Where is Cybrid located?
Cybrid is based in Toronto, Canada.
When was Cybrid founded?
Cybrid was founded in 2021.
How much funding has Cybrid raised?
Cybrid has raised 3010000.
- Location
- Toronto, Canada
- Founded
- 2021
- Funding
- 3010000
- Employees
- 16 employees
- Major Investors
- Golden Ventures