Truly Financial offers a unified banking solution for businesses engaged in international trade, providing free checking accounts and multi-currency capabilities across the U.S., Canada, U.K., and EU. This platform enables seamless local and global payments, allowing companies to manage their finances efficiently without incurring traditional banking fees.
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 with traditional banking systems, including high fees for multi-currency transactions and the need to manage multiple accounts across different countries. This complexity increases operational overhead and reduces profitability due to unfavorable exchange rates and transaction costs.
Solution
Truly Financial offers a unified business banking platform designed for international trade, providing free checking accounts and multi-currency capabilities across the U.S., Canada, U.K., and EU. The platform enables businesses to send and receive payments globally in multiple currencies, convert funds at competitive rates, and manage finances efficiently. By integrating with existing payment gateways and payroll solutions, Truly Financial streamlines international financial operations, reduces transaction costs, and simplifies compliance. The platform also offers corporate Visa cards for team spending and integrates with services like Stripe and Amazon.
Target Audience
The primary target audience includes established businesses, startups, and eCommerce companies involved in international trade, import/export, and those with distributed teams requiring multi-currency payment solutions.
Features
- Multi-currency accounts supporting USD, CAD, EUR, and GBP
- Free local payments, international EFT, and wire transfers
- Ability to receive payments in 32 currencies
- Integration with payment gateways and online stores
- Corporate Visa cards for team spending (coming soon)
- Integration with payroll providers
- Virtual Visa cards and account confirmation upon signup
- Rewards program for business spending