Spoynt provides a suite of payment solutions, including payment gateways, card acquiring, and IBAN accounts, enabling businesses to process transactions globally while managing local currency needs. The platform addresses the challenges of cross-border payments by offering instant access to funds, competitive rates, and simplified invoicing for international clients.
Funding
Funding not disclosed
Founders
Product
Problem
Freelancers and businesses face challenges in receiving payments from international clients due to high transaction fees, currency exchange complexities, and delays associated with traditional banking systems. Managing multiple currency accounts and navigating varying local regulations further complicates cross-border transactions.
Solution
Spoynt provides a payment platform that enables businesses and freelancers to receive payments globally with instant access to funds and competitive exchange rates. The platform offers dedicated IBAN accounts, virtual and physical Mastercard cards, and simplified invoicing to streamline international transactions. Users can pay VAT, suppliers, and other Spoynt wallet users, as well as withdraw earnings to local bank accounts. Spoynt also facilitates currency exchange and access to working capital.
Target Audience
The primary target audience includes freelancers, small businesses, and freelance platforms that require efficient and cost-effective solutions for managing international payments.
Features
- Dedicated IBAN accounts for receiving international payments
- Virtual and physical Mastercard cards for online and offline spending in EUR/GBP
- Invoice service for requesting payments from international clients
- Currency exchange functionality with real-time exchange rate calculations
- VAT payment capabilities for EU and UK authorities
- Instant transfers to other Spoynt wallet users
- API access for integrating Spoynt with other applications
- Integration with thousands of marketplaces