ZTLment provides a compliant wallet infrastructure that enables online platforms and marketplaces to automate fund management, including split payments and event-based transactions, while ensuring regulatory compliance under the Payment Service Directive 2. This technology addresses the challenges of cash flow management and payment reconciliation, allowing businesses to hold, manage, and distribute funds in real-time across multiple currencies.
Funding
$2.5M 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
Online platforms and marketplaces face challenges in managing funds, automating split payments, and ensuring compliance with regulations like the Payment Service Directive 2. Traditional methods often involve manual processes, leading to inefficiencies in cash flow management and payment reconciliation.
Solution
ZTLment provides a compliant wallet infrastructure that enables online platforms and marketplaces to automate fund management, including split payments and event-based transactions. The platform allows businesses to hold, manage, and distribute funds in real-time across multiple currencies, ensuring regulatory compliance. By mapping the flow of funds to the business, ZTLment facilitates instant settlement and makes the payment experience an integrated part of the product. The system uses a fully traceable technology to provide accurate data on payment flows, easing reconciliation efforts.
Target Audience
ZTLment targets online platforms and marketplaces, including ticketing platforms, booking services, and rental services, that require automated and compliant fund management solutions.
Features
- Multi-currency wallets supporting various European currencies
- Automated split payments to vendor and treasury wallets
- Event-based payments triggered by data sources
- Escrow wallets for securely holding user funds with automated release conditions
- Instant payments settled in seconds via SEPA instant payouts
- Embedded vendor onboarding for compliance
- Flexible APIs for customizing payment triggers