Payd is a neobank platform that enables freelancers, creatives, and entrepreneurs to receive global payments in stablecoins while facilitating local spending through currency swaps. The service streamlines payment processing, invoice management, and financial tracking, addressing the challenges of managing income and expenses in a decentralized work environment.
Funding
$28.6K 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
Freelancers, creatives, and entrepreneurs face challenges in receiving payments from global clients due to currency conversion fees, slow transfer times, and limited access to local spending options. Managing invoices, tracking income, and handling currency swaps can be cumbersome and costly in a decentralized work environment.
Solution
Payd provides a neobank platform that enables global gig workers to receive payments in stablecoins and seamlessly convert them into local currencies for spending. The platform streamlines the entire payment process, from invoice creation to financial tracking, offering a unified solution for managing international income and expenses. By leveraging stablecoins, Payd facilitates fast and reliable cross-border transactions while minimizing currency conversion fees. Users can easily swap between currencies and spend locally, simplifying their financial operations.
Target Audience
The primary target audience includes freelancers, creatives, entrepreneurs, and businesses that employ global gig workers who need a streamlined solution for receiving and managing international payments.
Features
- Multi-currency stablecoin wallets for receiving payments in cUSD and cEUR
- Instant currency swaps between stablecoins and local currencies
- Payment links for receiving gig payments, tips, and product sales
- Bulk disbursement tools for businesses to pay freelancers and remote workers
- Invoice management features for creating, sending, and tracking invoices
- Budgeting and bill management tools
- Fee-free deposits and transfers between Payd users