Devdraft AI
Devdraft provides virtual currency accounts offering instant settlement for international business payments using stablecoins like USDC and EURC. Businesses can receive funds in USD or EUR, hold balances pegged 1:1 to fiat, and withdraw to stablecoins within seconds. The platform integrates features like a Product Store for direct sales and Role-Based Access Control for secure financial operations management.
- Artificial Intelligence
- Enterprise Software
- Financial Technology
- Software Only
Funding
Raised to date
$10MRaised 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.
across 1 round
$10M · Series A
Announced Nov 2024
Disclosed cumulative: $10M
Founders
Founder details are not available yet.
Product
Problem
Emerging market businesses face challenges with slow settlement times, high transaction fees (5-7%), capital trapped in pre-funded accounts, and the complexity of integrating with multiple payment systems across different markets. These inefficiencies hinder their ability to operate globally and increase operational costs.
Solution
Devdraft AI provides an AI-ready payment infrastructure that streamlines global commerce by enabling instant, borderless transactions through a single API. The platform leverages a USDC settlement layer for atomic settlements, reducing settlement times from days to near real-time. This unified API eliminates the need for multiple integrations, while sub-2% transaction fees and the elimination of pre-funded accounts reduce costs and improve capital efficiency. Devdraft AI delivers enterprise-grade security with 99.99% uptime, providing a reliable foundation for businesses operating in emerging markets.
Target Audience
The primary target audience includes businesses operating in emerging markets that require efficient and cost-effective global payment solutions.
Features
- Unified API for accessing multiple markets with a single integration
- USDC settlement layer enabling instant, atomic settlements globally
- AI-powered payment routing and optimization
- Bank-grade security with 99.99% uptime
- Real-time transaction monitoring and reporting