Lunu Pay offers a platform that enables businesses to accept cryptocurrency payments through secure blockchain technology, facilitating transactions both online and in-store. This service provides merchants with expanded payment options to engage the growing demographic of cryptocurrency users.
Funding
$2.5M 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.
Founders
Product
Problem
Many businesses, particularly luxury retailers, face challenges in catering to the growing cryptocurrency user base due to the complexities and perceived risks associated with digital asset transactions. Traditional payment systems often lack the infrastructure to seamlessly integrate cryptocurrency payments, potentially alienating a tech-savvy and affluent customer segment.
Solution
Lunu Pay provides a suite of Web3 payment solutions that enable businesses to accept cryptocurrencies both online and in physical stores, facilitating secure and efficient transactions. The platform offers tools such as a point-of-sale (POS) terminal for in-store crypto payments, a widget for online crypto checkouts, and an on-ramp service for converting fiat to crypto. Lunu Pay eliminates currency volatility risk by instantly converting cryptocurrencies to stablecoins or fiat currency, which are then deposited into the merchant's bank account. This allows businesses to tap into the expanding crypto market while avoiding the complexities of managing digital assets directly.
Target Audience
Lunu Pay primarily targets luxury retailers, e-commerce businesses, and other merchants seeking to expand their payment options and cater to cryptocurrency users.
Features
- Support for over 30 cryptocurrencies, including BTC, ETH, SOL, USDC, and USDT
- Point-of-sale (POS) terminal for accepting crypto payments in physical retail locations
- Online widget for integrating crypto payments into e-commerce websites
- Fiat-to-crypto on-ramp service enabling customers to purchase cryptocurrency using traditional payment methods
- Integration with popular e-commerce platforms like Shopify, WooCommerce, Magento, and PrestaShop via plugins
- Real-time conversion of cryptocurrencies to fiat or stablecoins to mitigate volatility
- Fixed transaction fees tailored to the business's location and industry
- Compliance with Anti-Money Laundering (AML) regulations, including KYC and KYT mechanisms