Runa provides a digital payouts API that enables businesses to automate local and cross-border disbursements, offering over 4,000 payout options including gift cards and prepaid cards. This infrastructure allows recipients to instantly receive and utilize digital value, enhancing engagement and loyalty while simplifying the payout process for companies.
Funding
$30.9M 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.
+1Founders
Product
Problem
Businesses face complexities and inefficiencies when disbursing payments, rewards, or incentives, especially across borders, often relying on outdated systems and manual processes. Integrating with numerous local payout providers is time-consuming and costly, while recipients may lack convenient options to access and utilize their funds.
Solution
Runa offers a digital payouts API that streamlines and automates local and cross-border disbursements, providing access to a global network of over 4,000 payout options. The platform enables businesses to send various forms of digital value, including gift cards, prepaid cards, donations, and subscriptions, allowing recipients to instantly receive and utilize their funds. Runa's API simplifies the payout process by stitching together diverse payout methods, reducing integration time and offering bank-level security. The solution provides a purpose-built network for digital value, connecting merchants, businesses, and recipients, and facilitating various use cases such as discounts, cashback, incentives, rebates, mass payouts, program cashouts, gifting, rewards, recognition, and refunds.
Target Audience
Runa primarily targets businesses of all sizes that need to streamline and automate their payout processes, including those offering rewards, incentives, rebates, or refunds to customers, employees, or partners.
Features
- Digital payouts API for automating local and cross-border disbursements
- Access to over 4,000 payout options, including gift cards, prepaid cards, donations, and subscriptions
- Support for discounts, cashback, incentives, rebates, mass payouts, program cashouts, gifting, rewards, recognition, and refunds
- RESTful API for easy integration with existing systems
- Bank-level security measures to protect sensitive data
- Real-time tracking and reporting of payout transactions
- Support for multiple currencies and languages