This startup develops a payment application that utilizes lightning-infrastructure-as-a-service technology to enable real-time settlement and facilitate cross-border, cross-currency payments through the Bitcoin lightning network. By transforming closed payment ecosystems into open, interoperable systems, the company allows FinTech firms to scale globally while ensuring security and regulatory compliance.
Funding
$7M 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.
+2Founders
Product
Problem
Traditional payment ecosystems often operate as closed systems, hindering interoperability and increasing the complexity and costs associated with cross-border, cross-currency transactions for FinTech firms. This lack of seamless integration limits scalability and prevents these firms from participating in a truly global financial network.
Solution
IBEX provides a Lightning Network infrastructure-as-a-service platform that enables real-time settlement and interoperable cross-border, cross-currency payments. By leveraging the Bitcoin Lightning Network, IBEX transforms closed payment ecosystems into open, transparent, and instant settlement networks. The platform offers a modular API that allows FinTech companies to easily integrate Bitcoin and Lightning Network functionalities into their applications, supporting on-chain payments and LNURL for an improved user experience. IBEX facilitates regulatory compliance through transaction limits, custom money addresses, and travel rule compliance features.
Target Audience
IBEX primarily targets FinTech firms, telecoms, and traditional financial institutions seeking to expand their global reach and offer instant, cost-effective payment solutions.
Features
- Modular API platform for integrating Bitcoin and Lightning Network functionalities
- Real-time global settlement across different currencies
- Support for both on-chain Bitcoin payments and Lightning Network (LNURL) payments
- Segregated account management for enhanced security and organization
- Custom Money Addresses for identifying and managing transaction recipients
- Regulatory-friendly features including transaction limits and Travel Rule compliance
- Scalable infrastructure with horizontal scaling, asynchronous processing, and caching
- Webhooks for asynchronous task notifications
- Stable accounts denominated in USD, EUR, MXN, GBP, and GTQ
- Bitcoin-denominated accounts for direct Bitcoin transactions