Pymt Fi provides a cross-border payment platform for US businesses, enabling international money transfers at significantly lower costs and faster speeds than traditional banking. Their proprietary protocol enhances transaction tracking and incorporates Know Your Business (KYB) verification to ensure transparency and reduce fraud.
Funding
Funding not disclosed
Founders
Product
Problem
Enterprises face challenges with cross-border payments, including high transaction costs, settlement delays, complex foreign exchange processes, and fragmented processes. Traditional banking methods often involve tedious paperwork, bank lines, and unnecessary fees.
Solution
Pymt Fi provides a B2B global payments platform that enables businesses to send and receive funds in over 150 currencies with enhanced security. The platform offers all-in-one business accounts for seamless global financial management, including multi-currency handling and FX capabilities. Pymt Fi leverages modern technology to facilitate fast, cost-effective international money transfers, offering a competitive alternative to traditional payment systems. The platform incorporates Know Your Business (KYB) verification and AI-powered real-time monitoring to ensure transparency and mitigate fraud risks.
Target Audience
Pymt Fi primarily targets global enterprises and their vendors, as well as fintechs, exchanges, banks, e-commerce businesses, and remittance providers.
Features
- Multi-currency business accounts to accept funds instantly
- Fast, cost-effective international money transfer services
- Support for payments in over 150 currencies
- Smart contract audits to identify and fix vulnerabilities
- End-to-end encryption using industry-standard protocols
- Multi-signature wallets and role-based access controls
- AI real-time monitoring and fraud detection
- Compliance with KYC/AML guidelines