Fincra begins operations with payment infrastructure for businesses in Africa, Europe, and the US
Fincra begins operations with payment infrastructure for businesses in Africa, Europe, and the US
Earlier this month, Fincra, a payments infrastructure for fintechs, platforms, and global businesses, went live. It is the first of its kind. In addition, the company offers merchants who have been onboarded payment solutions that allow them to accept payments securely, process global payouts in multiple currencies at a low cost with no hidden fees, and expand their business across borders.
Merchants can benefit from Fincra's innovative solutions through a suite of payment products with cross-border capabilities, which includes the following:
Customer payments are collected quickly and easily by Fincra from customers in the United Kingdom, the European Union, Nigeria, the United States, and other African countries via virtual accounts in USD, GBP, EUR, and NGN, with no hidden fees or the headaches of international banking.
A mass payout network that operates in seven currencies, including the US dollar, euro, pound, ghanaian shilling, and ZAR, across 100+ countries for international transactions as well as domestic payments to bank accounts and mobile money wallets is available through this program. Customer onboarding gives them access to a merchant portal, which allows them to make secure automatic single and cross-currency payouts in any of the currencies that are accepted by the company.
Payment APIs that are simple to integrate allow developers to innovate and fintechs to scale to their full potential, allowing them to provide their customers with the best cross-border payment offerings possible. These APIs are intended to reduce costs and assist in the rapid development of financial products. They are particularly well suited for businesses that make frequent payments, require flexibility, and require control.
When it comes to being able to make seamless cross-border payments, businesses are constantly confronted with a slew of obstacles. There are a variety of obstacles to overcome, including a lack of secure payment infrastructure, country-specific regulations, transactions that take several days to settle, hidden fees, and a variety of other issues. "Fincra is removing the challenges associated with traditional payment processing methods by providing an integrated platform that puts revenue at the heart of every business operation," said Wole Ayodele, founder and CEO of Fincra, when asked about the significance of providing a payment infrastructure for platforms and businesses. The fact that we are providing a simple, secure, low-cost method of receiving and sending money allows businesses to scale across multiple markets."
Financial institutions in Africa, the United Kingdom, and the United States can join Fincra and make it easier for anyone to send them money in multiple supported currencies securely and at a low cost.
The Fincra Tribe, also known as the Avengers (as they are affectionately known), is made up of more than 30 rock stars who are not afraid to push the boundaries of what is possible in order to develop innovative solutions to existing problems. The team remains motivated by the knowledge that they are assisting the global economy by removing the friction that exists between traditional methods of money transfer and electronic funds transfer. Fincra's mission is to make it easier for businesses all over the world to transact digitally, and the team is fully committed to going above and beyond for each and every one of their customers.
Fincra is a safe and secure company with offices in Toronto, Canada, and Lagos, Nigeria.
