Send Payments
Fast-growing fintech delivering embedded finance solutions to well-known brands.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $11.5m Valuation: $46.5m | Series B | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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SendPayments.com is a dynamic startup specializing in international currency transfers. The company operates in the financial technology (fintech) sector, providing a robust platform for both personal and business clients to send and receive money across borders efficiently and securely. SendPayments.com is designed to cater to a diverse clientele, including individual users who need to transfer money internationally, businesses looking to manage their foreign exchange (FX) needs, and partners who wish to integrate SendPayments' services into their own offerings.
The core of SendPayments.com's business model revolves around offering a seamless and feature-rich currency transfer solution. The platform boasts market-leading infrastructure that includes real-time compliance (ensuring all transactions meet legal standards), risk management (protecting against financial losses), and world-class liquidity (ensuring there is enough money available to complete transactions). These features are designed to provide a high level of service and support, making international money transfers as smooth and hassle-free as possible.
SendPayments.com makes money primarily through transaction fees and exchange rate margins. When users transfer money, the company charges a small fee for the service. Additionally, they make a profit from the difference between the exchange rate they offer to customers and the actual market exchange rate. This dual revenue stream allows SendPayments.com to maintain competitive pricing while ensuring profitability.
The company also emphasizes partnerships, offering other businesses the opportunity to integrate SendPayments' FX platform into their own services. This "plug and play" integration allows partners to quickly roll out advanced currency transfer solutions under their own brand, enhancing their service offerings without the need to develop the technology in-house.
In summary, SendPayments.com is a fintech startup that provides a comprehensive solution for international money transfers, serving individual users, businesses, and partners with a focus on compliance, risk management, and liquidity.
Keywords: fintech, currency transfers, international payments, compliance, risk management, liquidity, partnerships, FX platform, transaction fees, exchange rates.