Vesicash provides an escrow payment system that ensures secure transactions between buyers and sellers by holding funds until agreed-upon conditions are met. This technology mitigates risks in B2B and B2C transactions, particularly in unfamiliar or international dealings, enhancing payment confidence and compliance.
Funding
$360K 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 face risks in B2B and B2C transactions, especially in unfamiliar or international dealings, due to lack of trust and potential non-compliance. This can hinder expansion into new markets and limit revenue growth.
Solution
Vesicash provides a Merchant of Record (MoR) payment infrastructure that facilitates secure transactions between buyers and sellers. The platform offers escrow services, holding funds until agreed-upon conditions are met, thereby eliminating risk and boosting payment confidence. Vesicash handles building and maintaining relationships with payment providers, managing global sales taxes, addressing fraud instances, aligning revenue data across billing and payment methods, and handling billing-related support queries. This allows businesses to expand into emerging markets with zero paperwork and focus on growth while ensuring secure and compliant transactions.
Target Audience
Vesicash primarily targets global businesses looking to expand into emerging markets, as well as B2B and B2C companies seeking secure and compliant payment solutions.
Features
- Escrow service to ensure transactional security amongst parties.
- Milestone payment options where funds are disbursed upon delivery of service.
- Payment protection to safeguard both buyers and sellers during high-value transactions.
- Merchant of Record (MoR) services to manage global sales taxes and fraud instances.
- B2B invoicing with advanced features and APIs to automate sales procedures.
- Tax compliance management for local tax obligations.
- Seamless fund transfers for single or bulk payments to bank accounts worldwide.
- Subscription management for automatic recurring payments.
- Fraud prevention through MoR-enabled fraud protection.
- Payment options including cards, USSD, bank transfers, and mobile money capabilities.