xPay provides a single API that enables businesses in India and Southeast Asia to accept payments in over 110 currencies from 150 countries, streamlining the payment process through cards, wallets, and bank transfers. The platform also automates sales tax collection and billing operations, simplifying international expansion for software companies without the need for local entities.
Funding
$500K 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
Global software companies face complexities in managing international payments, including handling multiple currencies, diverse payment methods, and varying sales tax regulations across different regions. This often requires establishing local entities and navigating intricate financial processes, creating operational overhead and hindering expansion efforts.
Solution
xPay offers a unified platform that streamlines international expansion for software companies by providing a single API to accept payments in over 110 currencies from 150 countries. The platform supports various payment methods, including cards, wallets, and bank transfers, simplifying the payment acceptance process. Additionally, xPay automates sales tax collection and billing operations, eliminating the need for local entities and enabling businesses to focus on product development and marketing.
Target Audience
The primary target audience includes global SaaS companies, e-commerce businesses, EdTech platforms, and travel companies seeking to expand internationally and streamline their payment and tax operations.
Features
- Unified API for accepting payments in 110+ currencies from 150+ countries
- Support for cards, wallets, and bank transfers
- Automated sales tax collection and remittance
- End-to-end billing operations, including invoicing, payment link generation, and reconciliation
- Instant access to Foreign Inward Remittance Certificates (FIRC) in the dashboard
- No transaction limits on subscriptions and one-time payments
- 10-minute support Service Level Agreement (SLA)
- Access to global virtual bank accounts
- Built-in payment gateway links and subscription management