Walapay Inc.

Based in Canada, Walapay Inc. , operates as a financial technology company providing global money movement infrastructure through modern APIs. Based in Toronto, Canada and founded in 2024, Walapay Inc. operates as a financial technology company.

In September 2026, Walapay Inc. raised USD 4. 6 mn in Seed funding by AAF Management, Big Brain Holdings, Commerce Ventures, Contribution Capital, FGV Capital, Generative Ventures, Jsquare, Knollwood Investment Advisory, Kronos Research, NGC Ventures, Polygon, Verda Ventures, and other investors. The funding will support the company’s growth strategy by expanding its regulatory licensing coverage, deepening relationships with banking partners, and scaling its workforce.

Walapay provides a comprehensive suite of financial services through its advanced API infrastructure, focusing on global money movement. The core offerings include the issuance of virtual accounts in major currencies such as USD, EUR, and GBP, enabling businesses and individuals to manage and transfer funds seamlessly. These accounts are issued by tier 1 banks and are domiciled in countries with local rail access, facilitating efficient domestic and international payments. Additionally, Walapay supports transactions across fiat currencies and stablecoins, thereby addressing the needs of business and consumer-facing fintechs, payment service providers, payroll firms, and global enterprises.

The solutions cater to a wide geographical market, with coverage extending to over 180 countries and 60 currencies, allowing users to navigate a diverse financial landscape with confidence. Walapay's revenue model hinges on transaction-based fees for its financial services, which may include charges for account maintenance, transaction processing, and yield-generating services associated with the issuance of stablecoins. Clients, such as fintech companies and payroll providers, engage in regular transactions to facilitate their financial operations, including instant stablecoin settlements and cross-border payments. Each transaction, whether for individual customer accounts or bulk corporate payroll distributions, contributes to the firm's revenue stream.

The company’s offerings attract a varied client base, potentially engaging in subscription arrangements for enhanced service features or scaling payment solutions. By providing a unified API infrastructure that ensures compliance and operational reliability, Walapay positions itself to capture sustained demand within the multi-faceted fintech landscape. The company plans to expand its regulatory licensing coverage, deepen relationships with banking partners, and scale its workforce.