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
