Layer2 Financial, now known as Rail, provides a regulated global payment infrastructure that enables fintechs and banks to facilitate instant transactions using fiat and stablecoins. The platform simplifies compliance with KYC, AML, and transaction monitoring, allowing businesses to focus on developing tailored payment solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Fintechs and banks face significant hurdles in providing instant global payment solutions due to the complexities of integrating with multiple banking partners, payment networks, and liquidity providers, as well as navigating stringent KYC, AML, and transaction monitoring requirements.
Solution
Rail offers a regulated global payment infrastructure that enables fintechs and banks to facilitate instant transactions using both fiat currencies and stablecoins. By providing a single API integration, Rail simplifies access to a network of banking partners and liquidity providers, removing the need for businesses to manage these complex integrations themselves. The platform also streamlines compliance processes, including KYC, AML, and transaction monitoring, allowing businesses to focus on developing tailored payment solutions and scaling their operations.
Target Audience
Rail's primary customers are fintechs, neobanks, payment processors, and banks seeking to build and scale instant global payment solutions.
Features
- Single API integration for accessing multiple banks, payment networks, and liquidity providers
- Support for both fiat and stablecoin transactions
- Automated KYC and AML compliance processes
- Real-time transaction monitoring capabilities
- Network of banking partners for increased redundancy
- Tools for building bespoke payment use cases such as accounts payable, accounts receivable, and remittances