Fung Payments

Fung Payments

Verified
The regulated Payments Platform unifying crypto and fiat rails. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$11—16m (Dealroom.co estimates Jun 2022.)
Company register number 85548413
Zaandam North Holland (HQ)

Financials

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
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EV / EBITDA00.0x
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DateInvestorsAmountRound
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$2.7m

Seed
Total Funding000k

Recent News about Fung Payments

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Fung.money is a pioneering startup in the financial technology sector, specifically focusing on cryptocurrency payments. The company offers a comprehensive platform designed to facilitate seamless transactions for both sellers and buyers. Fung.money's primary service is a unified checkout system that supports both crypto and fiat (traditional currency) payments, making it easier for businesses to accept a wide range of payment methods without the need for complex onboarding processes.

The platform is particularly beneficial for online marketplaces and e-commerce businesses looking to improve their conversion rates and enhance customer experience. By providing instant onboarding for sellers and buyers, Fung.money ensures that transactions are quick and hassle-free. The platform also offers configurable payout options, allowing businesses to choose how they receive their funds, whether in crypto or fiat currency.

One of the standout features of Fung.money is its focus on compliance and security. The platform employs best practices in Anti-Money Laundering (AML) and is a licensed provider, which helps businesses stay compliant with regulatory requirements. This is crucial for building trust with customers and financial institutions. Additionally, Fung.money offers real-time risk management and customer verification to keep transactions safe and secure.

Fung.money's business model revolves around providing a subscription-based service to businesses that need a reliable and compliant payment processing solution. The company generates revenue through these subscriptions and possibly transaction fees, offering a scalable solution that can grow with its clients.

In summary, Fung.money is a versatile and secure payment platform that simplifies the process of accepting both crypto and fiat payments. It serves online marketplaces and e-commerce businesses, providing them with tools to improve customer experience, ensure compliance, and manage risks effectively.

Keywords: Crypto Payments, Fiat Payments, E-commerce, Marketplaces, Compliance, AML, Risk Management, Instant Onboarding, Configurable Payouts, Unified Checkout.