Provides a global payment platform that automates mass payments, tax compliance, and foreign exchange for businesses. By integrating with accounting software and offering a customizable API, it streamlines cross-border transactions in over 30 currencies, reducing manual workload and ensuring accurate, compliant financial operations.
Funding
$125K 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.
EAMFRNFounders
Product
Problem
Many businesses face complexities in managing mass payments, tax compliance, and foreign exchange, especially when operating globally. Manual processes are time-consuming, error-prone, and can lead to compliance issues and increased operational costs.
Solution
Levro provides a unified global payment platform designed to automate and streamline mass payments, tax compliance, and foreign exchange for businesses. The platform integrates with existing accounting software and offers a customizable API to facilitate efficient cross-border transactions in over 30 currencies. By automating data entry, offering flexible approval processes, and providing simple reconciliation, Levro reduces manual workloads and ensures accurate, compliant financial operations. Levro also offers global banking solutions, including foreign exchange services and corporate cards, to further simplify international financial management.
Target Audience
Levro primarily targets businesses with international operations that require efficient and compliant solutions for managing mass payments, tax compliance, and foreign exchange.
Features
- Automated mass payments to vendors in multiple currencies.
- Integrated tax compliance tools for collecting W8s and W9s and generating 1099s.
- Customizable API for building custom payment workflows.
- Foreign exchange services for managing currency conversions.
- Corporate cards for employee expenses.
- Integrations with accounting software such as Quickbooks Online & Xero.
- Custom controls and approvals for enhanced security.
- FDIC insurance for funds on deposit in USD accounts through partner banks.