Saurus is a digital banking platform that offers 100% online account management, enabling users to operate with virtual debit cards and conduct instant money transfers via NFC and QR codes. The service addresses the need for efficient, secure financial transactions and real-time fund management without the delays associated with traditional banking methods.
Funding
$7.9M 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.
Founders
Product
Problem
Traditional banking methods often involve delays and complexities in conducting financial transactions and managing funds, creating inefficiencies for users seeking real-time control and secure operations. Managing multiple accounts and cards can be cumbersome, especially for those who require immediate access to their funds for both online and offline purchases.
Solution
Saurus provides a digital banking platform that offers users 100% online account management, enabling efficient and secure financial transactions. Users can operate with virtual debit cards for online and contactless payments, and conduct instant money transfers via NFC and QR codes using "Bumping" technology. The platform facilitates SEPA Fast transfers to friends and family, allowing users to send money directly from their smartphone contacts. Saurus also offers a proprietary POS (Point of Sale) system called "Trusted Transfer" for business users, designed to reduce the cost of doing business.
Target Audience
The primary target audience includes individuals seeking efficient, secure, and real-time control over their finances, as well as businesses looking to reduce transaction costs through an integrated digital POS system.
Features
- Virtual Saurus Debit Mastercard® for secure online and contactless payments.
- "Bumping" technology for instant money transfers via NFC and QR codes between Saurus users.
- SEPA Fast transfers to contacts stored on the user's smartphone.
- Instant account funding through card deposits.
- "Trusted Transfer" POS system for merchants with Saurus accounts.
- Payment links for sending money to anyone, regardless of whether they are a Saurus user.
- Mobile app available for both iOS and Android.