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OpenPymts Inc

Fintech - Real Time Payments

Canada, Toronto
Market: Financial services, Blockchain, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 06.07.2020
Min investment
$  250.000
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Total required
$ 500.000
Rating
equalizer из 1000
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Idea

OpenPymts is a full stack payments platform that offers real-time money movement for businesses and individuals. The platform offers Open SDK for businesses and allows multi-payouts options over email, phone number and social media.

Current Status

- MVP launched
- Businesses currently under integration of the MVP to solve their business unique business problems.

Problem or Opportunity

The payments experience is extremely broken for both businesses and individuals. The key challenges:
- High cost of banking and payments
- High fraudulent exposure
- Lack of transparency
- Disintegrated with the customer value chain of businesses

Solution (product or service)

A payments ecosystem that can store, exchange and transfer value in a easy, safe and secure way in real-time at lost cost.
Built a full payments platform that is accessbile with an Open SDK and that connects customers directly to the banking system.

Competitors

Some of the industry incumbents:
- Wave
- Interac
- PayPal

Advantages or differentiators

Our key differentiators
1.Payment as a Service
2. Manage Complex Payments like Splits payments, Recurring Payments and Scheduled payments
3. Multi Payout Options
4. White-Label Wallet service

Money will be spent on

The funds raised will be primarily spent on:
1. Marketing
2. Operations
3. Hiring
4. Product Enhancements

Team or Management

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video