Fiat Republic provides a B2B banking and payments API that enables crypto platforms to access traditional finance rails for fiat currencies. The platform offers seamless integration for instant fiat settlement via the EagleNet network and robust compliance monitoring through its Oxygen tool. This infrastructure helps crypto businesses reduce banking challenges and accelerate time-to-market with virtual accounts and global payment services.
Funding
$13.9M 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.
IVFounders
Product
Problem
Cryptocurrency businesses face challenges integrating with traditional banking systems for fiat transactions, leading to complexities in payment processing, reconciliation, and compliance. Integrating with multiple banking partners is time-consuming, increases operational overhead, and exposes businesses to the risk of being debanked.
Solution
Fiat Republic provides a banking and payments API designed specifically for cryptocurrency businesses, offering a single point of integration for accessing multiple crypto-friendly financial institutions. The platform streamlines fiat on-ramping and off-ramping, enabling real-time bank transfers and simplifying treasury operations. Fiat Republic's compliance-driven tools, including its Oxygen transaction monitoring platform, help businesses adhere to regulatory standards, mitigate transactional risks, and reduce the risk of debanking. The API offers access to major global fiat currencies and facilitates instant settlements through its EagleNet network.
Target Audience
The primary target audience includes cryptocurrency exchanges, Web3 platforms, and other crypto businesses that require efficient and compliant fiat payment solutions.
Features
- Aggregated banking and payments API providing access to multiple crypto-friendly banks
- Real-time on-ramping and off-ramping for major fiat currencies (USD, EUR, GBP, AUD, SEK, DKK)
- Individual Virtual Accounts for streamlined transaction reconciliation and treasury management
- Oxygen: A dedicated transaction monitoring platform with pre-defined and customizable rules for KYC, AML, and CFT compliance
- EagleNet: A private network enabling instant fiat settlements between crypto exchanges and liquidity providers
- Developer-friendly API documentation and a secure sandbox environment for rapid deployment
- Real-time FX and support for individual Virtual Accounts