Machnet
About Machnet
Machnet provides an API platform for launching international money transfer services, enabling businesses to collect and disburse funds globally while ensuring compliance and fraud prevention. The solution addresses the complexities of entering the cross-border payments market, allowing companies to scale their operations with minimal upfront costs and rapid deployment.
```xml <problem> Launching international money transfer services involves navigating complex regulatory landscapes, integrating with global banking networks, and implementing robust fraud prevention measures. Businesses face high upfront costs and ongoing operational overhead in building and maintaining compliant cross-border payment infrastructure. </problem> <solution> Machnet provides an API platform that streamlines the process of offering international money transfer services. The platform enables businesses to collect payments via ACH and cards, hold funds in digital wallets, and disburse funds to individuals and businesses in over 100 countries. Machnet's solution includes built-in compliance infrastructure and fraud prevention tools, reducing the complexities and costs associated with cross-border payments. By using Machnet's API, companies can launch and scale their international money transfer services more quickly and efficiently. </solution> <features> - API for collecting customer payments via ACH and cards in the US - Digital wallet functionality for customers to store funds - API for disbursing funds to individuals and businesses in 100+ countries - Transaction risk scoring to identify potentially fraudulent transactions - Tools to flag stolen or synthetic identities - Compliance infrastructure to meet regulatory requirements - Sandbox environment for building and testing integrations </features> <target_audience> Machnet's primary customers are businesses looking to offer international money transfer services, including remittance companies, fintech startups, and established financial institutions. </target_audience> <revenue_model> Machnet generates revenue through setup fees and monthly subscription fees. </revenue_model> ```
What does Machnet do?
Machnet provides an API platform for launching international money transfer services, enabling businesses to collect and disburse funds globally while ensuring compliance and fraud prevention. The solution addresses the complexities of entering the cross-border payments market, allowing companies to scale their operations with minimal upfront costs and rapid deployment.
Where is Machnet located?
Machnet is based in San Francisco, United States.
When was Machnet founded?
Machnet was founded in 2023.
How much funding has Machnet raised?
Machnet has raised 300000.
Who founded Machnet?
Machnet was founded by Jay Dahal.
- Jay Dahal - CEO
- Location
- San Francisco, United States
- Founded
- 2023
- Funding
- 300000
- Employees
- 35 employees