A Prepaid Payment Rail For Digital Wallets & Neobanks
About Phaze
Phaze makes digital money instantly immediately spendable in 80+ countries but also makes digital money go further, providing neobanks, wallets and fintech companies with a discount off the total value of any transaction.
Location: Toronto
Year Founded: 2017
Vertical: Payments / Transfers / Rewards
Employees: 1 – 10
Website: phaze.io
Social Media:
Problem
93% of the world’s money is non-physical, yet less than 1% of it is made instantly and globally spendable to account holders from neobanks, wallets and fintech companies. Many companies seek to solve this problem by issuing prepaid Visa debit cards. Unfortunately, they are only available to users in select countries and require a lot of time and money to go live on a per-country basis.
Ideal Customers
Businesses (B2B2C)
Milestones
- Hit $16,500 in monthly revenue
Core Benefits
We give our customers superpowers so with just a few lines of code, companies can go live in hours not months, globally, in a compliant way.
- Startup Pre-revenue 0%
- Startup Post-revenue $1 – $2M 100%
- Scaleup $2M – $10M 0%
- Scaleup $10M+ 0%
Problem
93% of the world’s money is non-physical, yet less than 1% of it is made instantly and globally spendable to account holders from neobanks, wallets and fintech companies. Many companies seek to solve this problem by issuing prepaid Visa debit cards. Unfortunately, they are only available to users in select countries and require a lot of time and money to go live on a per-country basis.
Core Benefits
We give our customers superpowers so with just a few lines of code, companies can go live in hours not months, globally, in a compliant way.
Ideal Customers
Businesses (B2B2C)
Milestones
- Hit $16,500 in monthly revenue
- Startup Pre-revenue 0%
- Startup Post-revenue $1 – $2M 100%
- Scaleup $2M – $10M 0%
- Scaleup $10M+ 0%