Remitware Payments Canada Inc.
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Remitware Payments Canada Inc. - overview
Established
2015
Location
Toronto, ON, Canada
Primary Industry
Financial Services
About
Remitware Payments Canada Inc. is an innovative financial technology company that provides efficient payment solutions for businesses, focusing on seamless transactions and multi-currency account management. Founded in 2015 and headquartered in Toronto, Canada, Remitware Payments Canada Inc. offers specialized payment solutions.
The company has raised a total of USD 1. 00 mn through 3 deals, with its most recent funding round occurring in January 2019, which was a Seed round led by Germinators Fund, Operator. VC, Singapore Angel Network, and SmartInvest Ventures. CEO and founder Kanchan Kumar leads the company, leveraging his experience in the financial sector to drive its strategic growth.
Remitware Payments Canada Inc. specializes in innovative banking solutions tailored for small businesses. Its core offerings include a free U. S.
domiciled checking account, unlimited corporate Visa cards that provide up to 2. 5% cashback, and multi-currency accounts enabling businesses to manage funds effectively without forced currency conversions. The company's services streamline financial operations for small to medium-sized enterprises, facilitating efficient payment processing and enhancing international reach. Remitware Payments Canada Inc.
generates revenue through transaction fees and service activations associated with its suite of financial services. The company earns income from issuing corporate Visa cards, allowing businesses to gain cashback on expenditures. Additionally, the multi-currency accounts support international transactions, enabling clients to operate in local currencies or USD without incurring forced conversion fees, thus establishing a straightforward revenue model. Remitware Payments Canada Inc.
plans to utilize its recent USD 1. 00 mn Seed funding to enhance product development and expand market reach. The company is designing new features for its payment platform and targeting expansion into key markets in North America and Europe by 2023. Recent funding is expected to support these initiatives, allowing the company to broaden its services and improve its technological infrastructure.
Current Investors
Singapore Angel Network, Operator.VC, SmartInvest Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.remitr.com
Verticals
FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
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Remitware Payments Canada Inc. - employee data
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