Plumter provides a global payments platform that enables businesses to make transactions in over 120 currencies through direct integration with the SWIFT network, ensuring fast and secure settlements. This service addresses the inefficiencies and risks associated with traditional banking by facilitating same-day payment processing and eliminating unnecessary intermediaries.
Funding
$1.2M 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.
Founders
Product
Problem
Traditional methods for international business payments involve multiple intermediaries and banking inefficiencies, leading to delays, high transaction costs, and increased compliance risks. Businesses often face challenges in achieving fast, secure, and transparent settlements when transacting across borders in various currencies.
Solution
Plumter offers a global payments platform that streamlines international transactions by providing direct integration with the SWIFT network. This enables businesses to make payments in over 120 currencies with same-day processing and settlement times typically within 24-48 hours. By removing unnecessary intermediaries, Plumter reduces transaction costs and third-party payment risks, ensuring secure and compliant payments directly between businesses and their partners. The platform is accessible via web and mobile apps, offering features such as real-time exchange rates, detailed reporting, instant tracking information, and team management capabilities.
Target Audience
Plumter primarily targets businesses, ranging from small importers to large multinational corporations, that require efficient and cost-effective solutions for making international payments to suppliers and trading partners.
Features
- Direct integration with the SWIFT network for secure and efficient global payments
- Support for transactions in over 120 currencies
- Same-day payment processing with settlements typically within 24-48 hours
- Real-time exchange rate visibility for informed decision-making
- Detailed reporting and statements for transaction monitoring and management
- Instant tracking information with access to UETRs, OMADs, and IMADs
- Team management features with role-based access control
- Mobile app for processing transactions on the go
- Compliant and secure platform with global banking partners
- API access for integration into existing business systems