ProcessOut provides a smart routing solution that utilizes AI-driven algorithms to optimize international payment transactions by selecting the most cost-effective providers in real-time. This technology enhances conversion rates and reduces transaction costs, enabling businesses to expand into new markets efficiently while maintaining a secure and compliant payment infrastructure.
Funding
$1.1M 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.
5PABFNFounders
Product
Problem
Many businesses face challenges in optimizing their international payment transactions due to complexities in selecting the most cost-effective payment providers and adapting to varying regional requirements. Inefficient payment routing can lead to higher transaction costs, lower conversion rates, and difficulties in expanding into new markets.
Solution
ProcessOut offers a payment orchestration platform that streamlines global payment processing by providing a single API to access multiple payment providers. The platform's AI-powered smart routing dynamically selects the optimal payment provider for each transaction, taking into account factors such as cost, conversion rates, and regional regulations. This approach helps businesses reduce transaction fees, improve authorization rates, and offer customers a wider range of payment options. ProcessOut also provides tools for monitoring payment performance, managing compliance, and securely storing payment data, enabling businesses to optimize their payment infrastructure and expand into new markets more efficiently.
Target Audience
ProcessOut primarily targets fast-growing companies and established brands that operate globally and require a robust, scalable payment infrastructure to optimize transaction costs and improve customer experience.
Features
- Single API for accessing multiple payment providers worldwide
- AI-driven smart routing that dynamically optimizes payment routing based on real-time data
- PCI-compliant vault for secure storage of payment data and network tokens
- Real-time monitoring and analytics to track payment performance across providers
- Dynamic checkout that personalizes payment methods based on customer location and risk profile
- Ops suite for streamlined reconciliation, reporting, and user access management
- Support for transaction chaining and retry logic to maximize authorization rates
- Customizable fraud prevention tools to minimize risk without impacting conversion