Nilos is a global B2B payment platform that provides a multi-currency account and API for seamless cross-border transactions, enabling same-day settlement and real-time foreign exchange conversions. The platform addresses the challenges of high FX costs and complex payment processes in emerging markets by connecting merchants to local payment rails and optimizing liquidity through a network of partners.
Funding
$5.2M 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.
BSFVMCSBVVYTFounders
Product
Problem
Businesses operating in emerging markets face challenges with high foreign exchange (FX) costs and complex payment processes, hindering efficient cross-border transactions. Traditional methods often involve multiple intermediaries, leading to delays and increased expenses.
Solution
Nilos provides a B2B payment platform that streamlines cross-border transactions through a multi-currency account and API. The platform connects merchants to local payment rails, enabling same-day settlement and optimized FX conversions via a network of liquidity partners. By centralizing financial operations, Nilos offers real-time transfer quotes and full visibility into payment statuses, reducing FX fees and improving treasury control. The platform supports collections via bank transfers and e-wallets, FX conversions across various currency pairs, and payouts to suppliers and merchants using local rails.
Target Audience
Nilos targets international traders, global businesses, and fintech companies that require efficient and cost-effective cross-border payment solutions in emerging markets.
Features
- Multi-currency accounts to receive payments via bank transfers and e-wallets without overseas bank accounts.
- Real-time FX conversion quotes across different currency pairs, optimizing liquidity discovery and trade settlements.
- API and platform to centralize operations, offering real-time transfer quotes and payment status visibility.
- Integration with banking and mobile-money rails for payouts to suppliers and merchants.
- Digital asset accounts supporting stablecoins for collections, payments, and exchange.
- Automated money movement to streamline financial workflows.
- Team management and custom payment approval flows.