The startup offers a payment platform that facilitates the purchase of digital assets and non-fungible tokens (NFTs) through compliant payouts and collections across multiple global regions. By integrating a wide range of currencies and payment methods, the platform minimizes transaction friction between fiat currencies and the digital asset ecosystem.
Funding
$2.4M 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 payment systems involve high fees, slow transaction times, and complex regulatory hurdles, creating friction for businesses and individuals engaged in international transactions. Existing solutions often lack transparency and can be difficult to integrate into existing workflows, hindering global commerce.
Solution
TransFi provides a global payment platform that streamlines cross-border transactions by leveraging stablecoin rails and a wide range of payment methods. The platform enables users to send and receive payments in over 70 countries and 40 currencies with real-time settlements. TransFi offers solutions for payouts, collections, and digital asset buying/selling, all accessible through a single API. By supporting both fiat and stablecoin transactions, TransFi aims to reduce costs, increase efficiency, and improve transparency in global payments.
Target Audience
TransFi targets businesses of all sizes, including digital banks, wallets, payment gateways, remittance providers, iGaming platforms, and Web3 native businesses, as well as individuals engaged in cross-border transactions.
Features
- Global payouts to employees, freelancers, and vendors in fiat or stablecoins
- Payment collections from customers worldwide via payment links with real-time settlement
- Digital asset onramp/offramp services supporting 80+ digital assets and 250+ payment methods
- Support for 70+ countries and 40+ currencies
- Single API for integrating all payment functionalities
- Robust KYC and AML compliance measures
- AI-enhanced fraud prevention
- Customizable white-label integration options