Statrys provides a digital payments platform tailored for SMEs and startups, featuring a multi-currency business account that supports transactions in 11 currencies with real-time payment tracking. The service addresses the need for efficient and cost-effective payment solutions, offering low foreign exchange commissions and a streamlined onboarding process for businesses operating in Hong Kong and internationally.
Funding
$5M 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
Small and medium-sized enterprises (SMEs) often face challenges with traditional banking systems, including slow onboarding, high foreign exchange (FX) commissions, and a lack of transparency in international payments. Managing multiple currencies and navigating complex payment processes can be particularly burdensome for businesses operating across borders.
Solution
Statrys provides a digital payment platform designed to streamline financial operations for SMEs, offering a multi-currency business account that supports transactions in 11 major currencies. The platform features real-time payment tracking, enabling businesses to monitor their international payments at every step. Statrys aims to reduce FX costs by offering competitive exchange rates based on real-time mid-market rates, with a commitment to beat any competitor's rate by 10%. In addition to payment solutions, Statrys offers company registration and accounting services, providing a comprehensive suite of tools for managing business finances.
Target Audience
Statrys primarily targets SMEs and entrepreneurs who require efficient, cost-effective, and transparent payment solutions for managing international transactions and multi-currency accounts.
Features
- Multi-currency business account supporting 11 major currencies
- Real-time payment tracking for international transactions
- Low FX commissions based on real-time mid-market rates, starting from 0.4% for major currencies
- Mastercard physical and virtual cards for business expenses
- Xero integration for effortless accounting and financial management
- Mobile app for managing accounts on the go
- Account management features with customizable user roles (viewer, maker, approver)
- Local payment solutions in 12 currencies