Pawanjit Grewal
Founder
R
Reeudo
Reeudo is a platform that facilitates cross-border payments for students by utilizing a streamlined process that includes KYC verification and LRS declaration, ensuring compliance with RBI regulations. The service addresses the challenges of high transaction fees and complex payment procedures, enabling students to transfer funds efficiently and at competitive rates.
- Applications
- Financial Technology
- Software Only
Updated 23 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
Students face challenges with high transaction fees and complex procedures when making cross-border payments for education-related expenses. Compliance with Reserve Bank of India (RBI) regulations, including KYC verification and LRS declaration, adds further complexity to the process.
Solution
Reeudo streamlines cross-border payments for students, offering a platform that simplifies the process while ensuring compliance with RBI regulations. By providing a user-friendly interface and automating KYC verification and LRS declaration, Reeudo enables students to efficiently transfer funds at competitive rates. The platform eliminates hidden fees and complexities, offering a transparent and secure payment experience. Reeudo partners with established financial institutions to facilitate seamless transactions and provide students with a reliable solution for managing their international payments.
Target Audience
Reeudo primarily targets students pursuing education abroad and their parents or guardians who need a reliable and cost-effective solution for cross-border payments.
Features
- Streamlined KYC verification process to comply with regulatory requirements
- Automated LRS declaration for simplified fund transfers
- Real-time exchange rate monitoring to secure the best rates
- Fee transparency, eliminating hidden charges
- Secure payment gateway with encryption to protect financial data
- Integration with multiple payment methods, including bank transfers and cards
- Mobile app for on-the-go transaction tracking and management
- Discount codes and referral programs for cost savings