Send Payments
Category: AI in Fintech
An international payments and foreign exchange (FX) service provider for businesses. Send Payments was founded in 2019. The company is led by Matt Barr. Based in Gold Coast, Australia. Team size: 51-200. Total funding raised: $5 million. Latest round: Pre-Series A. Key investors include Grok Ventures, TEN13, Our Innovation Fund (OIF).
- Founded
- 2019
- Headquarters
- Gold Coast, Australia
- Team size
- 51-200
- Total funding
- $5 million
Value proposition
To provide a secure, fast, and cost-effective platform for global payments and FX risk management, combining technology with personalized customer service.
Products and solutions
International Money Transfers, FX Risk Management (including Spot Transfers and Forward Contracts), Multi-Currency Accounts, Payments API for business integration
Unique value
Send Payments combines a high-tech, multi-feature platform (SendFX) with a high-touch, personalized service model, offering dedicated account managers to clients, which differentiates them from purely self-service fintech platforms.
Target customer
Businesses of all sizes, including financial institutions, investment firms, and global corporations that require international payment services.
Industries served
Financial Services, Investment Management, Global Trade & E-commerce, Legal, Consulting
Technology advantage
Their core advantage lies in their proprietary platform that offers competitive exchange rates, access to over 37 currencies, and robust API integration capabilities. This is coupled with a strong focus on customer support and building long-term client relationships.
How they differentiate
Send Payments differentiates itself with a no-fee policy and a seamless, user-friendly online platform, positioning itself as a more modern and cost-effective solution compared to traditional competitors.
Main competitors
OFX, Wise, XE Money Transfer
Key partnerships
AFEX (now Convera) - for global payment infrastructure, Various global banking partners for accessing local payment rails
Notable customers
Notable customers are not publicly disclosed.
Major milestones
Raised $5 million in a pre-Series A funding round., Appointed industry veteran Matt Barr as CEO to scale the company., Successfully established its presence in the competitive Australian fintech market since its founding in 2019.
Growth metrics
Specific growth metrics are not publicly available.
Market positioning
Send Payments is positioned as a fintech solution for businesses and individuals looking for efficient and affordable international money transfers, competing with both established players and other fintechs in the cross-border payments space.
Geographic focus
Australia
Patents and IP
Information not publicly available.
About Matt Barr
Previously served as General Manager for Salmat's digital and marketing services and as Head of Digital at eftpos Payments Australia Ltd.
Official website: https://www.sendpayments.com/