The startup develops a security platform that utilizes crypto scam detection models to identify and mitigate threats from malicious actors targeting web3 environments. This technology enables users to safeguard their crypto wallets and applications, effectively reducing the risk of scams in decentralized finance.
Funding
$2.1M 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 cross-border payments for international businesses are slow and expensive, often involving multiple intermediaries and complex compliance procedures. This can lead to delays in receiving funds and high transaction fees, hindering growth and efficiency.
Solution
Shield provides a platform for international businesses to accept USDT and other digital asset payments, enabling faster and cheaper transactions. The platform facilitates same-day wire transfers directly to the business's bank account and offers seamless currency exchanges and multi-currency accounts. Shield ensures secure and compliant transactions through real-time monitoring, robust identity verification (KYC & KYB), and fraud prevention measures. Businesses can integrate Shield into their existing checkout flows using payment buttons, links, or addresses.
Target Audience
Shield primarily targets international businesses, particularly those involved in exports and wholesale, seeking faster, cheaper, and more compliant payment solutions.
Features
- Acceptance of USDT and other digital assets for international payments
- Same-day wire transfers to business bank accounts
- Multi-currency accounts for flexible payment options
- Real-time transaction monitoring powered by Elliptic
- Comprehensive KYC & KYB processes for robust identity verification
- Fraud and risk prevention measures to protect against illicit activity
- Compliant with licensing and regulatory requirements as a VASP operator
- Integration options including payment buttons, payment links, and addresses