FxCept provides a platform that enables B2B suppliers to receive international payments in over 30 currencies, streamlining the cross-border receivables process. By simplifying transaction processing and offering compliance support, the platform reduces transaction costs and accelerates payment speed, ultimately enhancing suppliers' revenue streams.
Funding
Funding not disclosed
Founders
Product
Problem
B2B suppliers face complexities in receiving international payments, including high transaction costs, slow processing times, and the burden of ensuring compliance with varying international regulations. These challenges can negatively impact revenue streams and increase administrative overhead.
Solution
FxCept offers a platform designed to streamline global receivables for B2B suppliers, enabling them to receive international payments in over 30 currencies. The platform simplifies the transaction process by offering local payment options to customers, reducing transaction costs and FX costs. By automating onboarding and providing compliance support, FxCept accelerates payment speed and ensures suppliers receive the exact invoiced amount. This approach enhances revenue streams and simplifies transactions for both suppliers and their clients.
Target Audience
FxCept primarily targets B2B suppliers of services or products who require an efficient and cost-effective solution for managing international receivables.
Features
- Automated onboarding process for rapid setup and verification.
- Support for receiving payments in over 30 currencies.
- Local payment options for customers to reduce transaction costs.
- Compliance support to navigate international regulations.
- Integration with existing financial systems for streamlined reconciliation.