RemitAid
Cross-border payment platform for overseas business transactions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Early VC | |
| Total Funding | 000k | ||
RemitAid Inc. is a Japanese fintech company that has developed a cross-border payment platform for businesses engaging in overseas trade. The company was founded on August 8, 2022, by Yudai Ogawa, who serves as the CEO. Ogawa's background includes experience in new business development in the fintech domain and supporting the Japanese market entry of foreign companies, which exposed him to the challenges of international transactions.
The RemitAid platform aims to simplify and digitize international payments for Japanese companies, addressing issues such as high fees, operational complexities, and risks associated with traditional cross-border transactions like delayed payments and uncollected receivables. The platform provides two primary services: "Digital Payments" and "Kaigai Raku-yasu Furikomi" (Easy Overseas Transfer).
The Digital Payments service enables businesses to accept credit card and local QR payments, both in-person (e.g., at international trade shows) and online. This feature supports over 17 currencies and is designed to reduce lost sales opportunities by offering flexible payment options. The platform allows users to create payment pages linked to invoices, manage transactions on a unified dashboard, and reduce the risks of cash handling.
The "Kaigai Raku-yasu Furikomi" service allows Japanese companies to establish local bank accounts for receiving funds in 14 countries without setting up a foreign subsidiary. This enables their international clients to make payments via domestic bank transfers, significantly cutting costs and simplifying the payment process. The company claims this can reduce international remittance fees by up to 85%.
RemitAid's business model is based on a combination of monthly fixed fees and transaction-based settlement fees. The company targets a wide range of industries, including manufacturing, retail, IT, and services, that conduct business internationally. By January 2025, the platform had been adopted by over 300 companies.
Keywords: cross-border payments, fintech, B2B payments, international trade, payment gateway, digital payments, trade finance, accounts receivable, foreign exchange, local payment methods, payment processing, invoice management, Japanese exporters, international remittance, QR payments, credit card processing, payment solutions, trade show payments, multi-currency