GenioPay
GenioPay is a borderless payment platform that enables users to send money internationally at real-time exchange rates without hidden fees, supporting over 30 currencies. By leveraging direct connections to interbank exchange networks, GenioPay allows customers to save up to 10 times compared to traditional banks, facilitating fast and cost-effective global transactions.
- Applications
- Financial Technology
- Software Only
Funding
Raised to date
$75KRaised 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 international money transfers often involve hidden fees and unfavorable exchange rates, leading to significant costs for users. These costs can be up to 10 times higher compared to interbank exchange rates, making it difficult for individuals and businesses to send money across borders affordably.
Solution
GenioPay is a borderless payment platform that enables users to send and receive money internationally with real-time exchange rates and transparent pricing. By establishing direct connections to interbank exchange networks, GenioPay eliminates hidden fees and reduces the cost of international transactions. Users can hold and convert over 30 currencies, send money to over 190 countries, and receive payments like a local with UK account numbers, Euro IBANs, and US routing numbers. The platform also offers a physical and virtual card for spending abroad without hidden fees.
Target Audience
GenioPay targets individuals and businesses who frequently send or receive money internationally, including expatriates, remote workers, freelancers, and small to medium-sized enterprises engaged in global commerce.
Features
- Real-time currency exchange with direct interbank connections
- Support for sending and receiving money in over 30 currencies
- Multi-currency accounts for holding and converting funds
- Physical and virtual cards for international spending
- Local receiving accounts in multiple countries (UK, Eurozone, US)
- Mobile app for managing transactions and account details
- Integration with debit/credit cards, bank transfers, and mobile money for deposits
- Carbon offsetting through points earned on transactions