SnapRefund
Instant digital payment platform enabling 24/7 real-time transactions for businesses and individuals, even on holidays.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $25.0k | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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SnapRefund is a digital payment platform designed to provide businesses with fast, flexible, and secure payment solutions. Operating in the financial technology (fintech) sector, SnapRefund caters to a diverse range of clients, including businesses that need to pay contractors, consumers, or settle claims. The platform is particularly beneficial for businesses that require instant payment capabilities, as it allows transactions to be completed in seconds, 24/7, including nights, weekends, and banking holidays.
SnapRefund's business model revolves around facilitating instant payments through a digital wallet system. Users can deposit funds into their SnapRefund wallet and use these funds to make payments that settle immediately. The platform supports cash outs to debit cards or reloadable gift cards, providing recipients with quick access to their money. This eliminates the delays commonly associated with direct deposits and paper checks.
The company generates revenue by charging fees for its instant payment services. These fees may be applied to transactions, account maintenance, or other value-added services provided by the platform. By offering a reliable and efficient payment solution, SnapRefund aims to attract businesses looking to streamline their payment processes and improve cash flow management.
SnapRefund also ensures compliance with banking regulations, including Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, by verifying user identities through trusted partners. This adds an extra layer of security and trust to the platform, making it a dependable choice for businesses of all sizes.
In summary, SnapRefund is revolutionizing the way businesses handle payments by offering a fast, simple, and secure digital payment platform that operates around the clock. It serves a wide range of clients in the fintech market, providing instant payment solutions that enhance efficiency and cash flow.
Keywords: instant payments, digital wallet, fintech, business payments, secure transactions, 24/7 service, compliance, KYC, AML, cash flow management.