KEYtec facilitates international business by providing a platform for cross-border payments with integrated currency conversion. Their solution streamlines global transactions while ensuring compliance with relevant regulations.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses engaged in international trade often face complexities and inefficiencies when making cross-border payments, including high transaction fees, currency conversion costs, and compliance with varying regulatory requirements. Traditional banking systems can be slow, bureaucratic, and may reject payments without clear explanations, leading to delays and increased operational costs.
Solution
KEYtec provides a Swiss-based online platform designed to streamline international corporate payments in over 20 currencies to more than 120 countries. The platform offers Swiss IBAN accounts in the company's name, facilitating worldwide payments via SWIFT, SEPA, and Faster Payments. KEYtec ensures compliance with Swiss legislation, AML, and KYC requirements, offering a reliable and secure payment infrastructure. The service includes personalized support, tailored strategies based on expertise in international transfer regulations, and assistance with complex ownership structures and non-typical payments. KEYtec aims to simplify international business by providing essential tools at users' fingertips, reducing banking costs, and protecting businesses from risky transactions.
Target Audience
The primary target audience includes startups, small and medium-sized businesses, and large corporations involved in international trade, particularly those seeking to expand globally and manage operations across multiple international locations.
Features
- Online platform for international payments in 20+ currencies, including EUR, USD, CHF, and GBP.
- Swiss IBAN accounts issued in the company’s name.
- Worldwide payments to over 120 countries via SWIFT, SEPA, and Faster Payments.
- Compliance with Swiss legislation, AML, and KYC requirements.
- Personalized exchange rates and tailored attention to each customer’s situation.
- Dedicated account manager for coordinating international payments and document verification.
- Real-time screening of counterparties against sanctions lists.
- Mass payments support and statement retrieval.