Unplex is a payment transfer platform that enables users to send money globally via WhatsApp without requiring bank account details, facilitating transactions to over 180 countries. By eliminating transfer fees and lengthy account numbers, Unplex simplifies cross-border payments, making them as easy as sending a text message.
Funding
$600K 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 money transfers often involve high fees, complex processes, and the need for recipients to share sensitive bank account details, creating friction and security concerns for both senders and receivers. Existing solutions can be slow, lack transparency in exchange rates, and require users to download separate applications.
Solution
Unplex is a payment platform that enables users to send money internationally via WhatsApp, streamlining the transfer process and eliminating the need for recipients to share bank details upfront. By integrating directly into WhatsApp, Unplex allows users to initiate transfers as easily as sending a message. The platform supports transfers from the USA, UK, and Europe to India and the Philippines, offering transparent exchange rates and military-grade security to protect user data. Unplex leverages blockchain-backed payment infrastructure to facilitate secure and efficient transactions.
Target Audience
The primary target audience includes individuals in the USA, UK, and Europe who regularly send money to family and friends in India and the Philippines, as well as those seeking a convenient and secure way to transfer funds without the need for separate banking apps.
Features
- WhatsApp integration for initiating and managing transfers directly within the messaging app
- Support for sending money from the USA, UK, and Europe to India and the Philippines
- Zero transfer fees on initial transactions
- Real-time exchange rate calculator for transparent pricing
- Secure identity verification and bank account linking via Plaid
- PCI-DSS certified data storage and 256-bit AES encryption for data security
- Instant transfers within the USA powered by VISA
- Referral program that rewards users for inviting friends