The startup operates a cross-border payment platform that enables the conversion of Australian dollars into various international currencies through digital wallets and card transactions. This platform eliminates traditional banking limitations, allowing users to send and receive funds globally with greater flexibility and efficiency.
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.
SAFounders
Product
Problem
Traditional cross-border payment methods often involve high fees, slow transaction times, and complex processes due to limitations imposed by traditional banking systems. This can lead to inefficiencies and increased costs for both individuals and businesses when sending or receiving funds internationally.
Solution
Send Payments provides a platform designed to streamline international money transfers by offering a fee-free, real-time payment solution in 37 currencies. The platform provides access to interbank exchange rates, digital wallets, and card transactions, enabling users to send and receive funds globally with greater speed and transparency. Send Payments offers dedicated account managers and integrates compliance, risk management, and liquidity solutions. The platform can be integrated into other businesses' existing systems, allowing them to offer currency transfer services to their customers.
Target Audience
Send Payments targets both individuals seeking personal international money transfers and businesses requiring cross-border payment solutions. The platform also targets businesses seeking to offer currency transfer solutions to their own customers.
Features
- Fee-free international money transfers
- Real-time, 24/7 access to 37 currencies
- Access to interbank exchange rates
- Digital wallets for sending and receiving funds
- Dedicated account managers
- Integration with existing business systems via API
- Real-time compliance and risk management
- Currency alerts