XTRM is a global payment platform that utilizes an intelligent digital wallet architecture and API to facilitate B2B, B2C, C2C, and C2B transactions across over 140 currencies. The platform enables companies to efficiently manage and execute various payment flows, including incentives and contractor payments, while ensuring compliance with financial regulations such as KYC and AML.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses face challenges in efficiently managing and executing global payments across various transaction types (B2B, B2C, C2C, and C2B) while adhering to international financial regulations. Existing systems often lack the flexibility to handle multiple currencies and payment methods, leading to increased costs and administrative overhead.
Solution
XTRM provides a global payment platform designed to streamline international transactions through an intelligent digital wallet architecture and API. The platform supports payments in over 140 currencies, enabling businesses to manage diverse payment flows, including incentives, contractor payments, and accounts payable. XTRM automates payment processes while ensuring compliance with KYC, AML, and other relevant financial regulations, reducing the risk of fraud and regulatory penalties. The system offers a range of funding and transfer options, allowing users to send and receive payments using their preferred methods.
Target Audience
XTRM targets businesses of all sizes that require efficient and compliant global payment solutions, including those managing incentives, contractor payments, and accounts payable across international markets.
Features
- Digital wallets that support over 140 currencies for global transactions
- API for integrating payment solutions into existing business systems and workflows
- Automated compliance with KYC and AML regulations
- Tools for managing multi-tiered partner and customer funds
- Options to fund transfers via bank EFT, debit, credit card, or invoice
- Transfer methods include bank EFT, check, virtual prepaid cards, and digital gift cards
- Aggregation of multiple customers, partners, and programs into a single platform
- Customizable business payments through the XTRM API