This company provides a global payment platform that orchestrates transactions across multiple banks and currencies, including USD and USD Coin. Their system offers programmable routing and supports onboarding high-risk clients, enabling businesses to participate in the global economy more efficiently.
Funding
$2.4M 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.
2Founders
Product
Problem
Traditional cross-border payment systems often involve high fees and delayed settlements, particularly in emerging markets, hindering efficient global trade and financial inclusion. Existing solutions may require pre-funded accounts and complex merchant onboarding processes, creating barriers for businesses seeking to participate in the global economy.
Solution
Keyrails provides a modern banking platform that connects stablecoins to the SWIFT network, enabling seamless international payments directly from a USDC treasury. The platform facilitates both first and third-party payments through SWIFT and local banking rails, ensuring fast and efficient settlements, especially in emerging markets like Africa, China, Latin America, and the Gulf Region. Keyrails operates on a reliance model, eliminating the need for merchant onboarding for payouts and offering global fiat payouts directly from USDC, removing the necessity for USDC trades or additional banking. The Keyrails API allows users to create named USD accounts for individuals and businesses, simplifying KYC and compliance processes.
Target Audience
Keyrails targets businesses and individuals involved in global trade, particularly those operating in or with emerging markets, seeking efficient and cost-effective cross-border payment solutions.
Features
- Connects stablecoins to the SWIFT network for global payments
- Enables non-pre-funded international 1st & 3rd party payments via USDC
- Facilitates overnight settlements globally through a proprietary correspondent network and RTGS
- Offers a reliance model, eliminating the need to onboard merchants for payouts
- Provides global fiat payouts directly from USDC
- Includes a Keyrails API for creating named USD accounts and managing global money movement
- Offers a Keyrails Platform for simplified access to API features without integration