New Age Partners provides alternative banking solutions and virtual IBANs tailored for high-risk businesses, facilitating seamless payment processing in over 40 currencies through partnerships with licensed E-Money Institutions and banks. Their services address the challenges of accessing reliable financial infrastructure, enabling businesses to efficiently manage local payment collections and secure financing options.
Funding
Funding not disclosed
Founders
Product
Problem
High-risk businesses often struggle to access reliable banking and payment processing infrastructure due to stringent compliance requirements and risk assessments from traditional financial institutions. This can lead to difficulties in managing international payments, collecting local payments, and securing necessary financing.
Solution
New Age Partners provides alternative banking solutions, connecting high-risk businesses with licensed E-Money Institutions (EMIs) and banks to facilitate seamless payment processing and access financial services. Through its extensive network, New Age Partners offers client-named virtual and traditional IBANs, multi-currency collection accounts, and various payment solutions, enabling businesses to efficiently manage payments in over 40 currencies. The company also specializes in sourcing invoice financing, asset financing, and property finance facilities across a wide range of industries, catering to both startups and established international businesses. New Age Partners acts as an independent advisor, researching the market and connecting clients with suitable partners based on their specific needs, while ensuring compliance and favorable terms.
Target Audience
New Age Partners primarily serves high-risk businesses across various industries, including healthcare, construction, manufacturing, logistics, and service industries, that require alternative banking, payment processing, and financing solutions.
Features
- Access to client-named virtual and traditional IBANs connected to Tier 1 banking infrastructure
- Multi-currency collection accounts for managing payments in over 40 currencies
- Partnerships with over 80 Alternative Payment Methods and Payment Service Providers
- Sourcing of invoice financing, asset financing, and property finance facilities
- Market research and partner selection based on client-specific requirements
- Assistance in negotiating favorable terms and agreements with financial institutions
- Streamlined onboarding process and facility activation