Usually, an issuing processor is hired when financial institutions wish to provide clients with a debit or credit card. However, when it comes to cross-border payments and the transferring of international funds, banks generally have fewer options.
The first of its kind, Payall was founded in 2018 to provide cross-border processing for regulated banks and financial institutions. The startup works with banks and white labels their software, in turn enabling them to offer quick and inexpensive cross-border payments to their customers.
The company has secured funding from multiple investors, including Andreessen Horowitz (a16z), Motivate VC and PS27 Ventures along with security and technology entrepreneurs, innovators and investor angels. Payall is disrupting the market in a time of need and is well on its way to fulfilling its vision of restoring trust and transparency to foreign banking processing.
Steph
Company Specialist at Welcome to the Jungle