Supra provides a platform for cross-border payments that enables businesses to transact in over 40 countries with competitive currency conversion rates and reduced transaction times. The service streamlines international payment processes, minimizing bureaucratic hurdles and enhancing cash flow management for importers and exporters.
Funding
$3.2M 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
Businesses engaged in international trade face challenges related to slow transaction processing, high currency conversion fees, and bureaucratic obstacles when making cross-border payments. Traditional banking solutions often lack transparency and efficiency, hindering cash flow management for importers and exporters.
Solution
Supra provides a technology platform designed to streamline international payments for businesses, offering fast, secure, and cost-effective transactions in over 40 countries. The platform optimizes payment processes, reduces currency exchange risk, and eliminates unnecessary paperwork. By partnering with Intermediaries of the Currency Market (IMC) and authorized payment service providers, Supra ensures compliance with local regulations while providing competitive currency conversion rates. Businesses can manage their international treasury operations more efficiently, benefiting from transparent fees and dedicated customer support.
Target Audience
Supra primarily targets small and medium-sized enterprises (SMEs) involved in import and export activities that require efficient and cost-effective cross-border payment solutions.
Features
- Payments to over 40 countries with competitive currency conversion rates
- Streamlined payment processes with reduced bureaucracy
- Integration with Intermediaries of the Currency Market (IMC) and authorized payment service providers
- Support for 17 different currencies
- Transparent fee structure
- Real-time transaction tracking
- Dedicated customer support