Canada-based embedded finance company Cybrid has expanded its fintech API platform to include B2B payments and crypto capabilities.
Cybrid, a provider of embedded finance solutions, announced the expansion of its fintech API platform to include business-to-business (B2B) payments. This upgrade delivers a range of advanced features designed to meet the complex requirements of modern businesses, strengthening Cybrid’s position as a leader in financial innovation.
Building on its success in B2C payments via API and SDK, the Cybrid platform is equipped with a comprehensive suite of financial services including KYC identity verifications, money transfers using wire and ACH transfers, and virtual USD FBO accounts connected to digital wallets with onramp integrated encryption. And tires. The addition of B2B payment capabilities is integrated with the Know Your Business (KYB) process, facilitating seamless onboarding for business customers to support fiat and cryptocurrency transactions.
Key benefits include real-time transactions with fast confirmations, ensuring businesses benefit from near-instant payment processing for quick access to funds and improved liquidity management. It also features high transaction limits, specifically designed to easily accommodate large sum payments, thus reducing the complexities often associated with high value transactions. Additionally, the solution provides rich transaction data, which simplifies record keeping by enabling businesses to settle transactions with less reliance on paperwork.
Onramp/offramp integration for USDC and BTC cryptocurrencies
An important component of the platform is onramp/offramp for USD Coin (USDC) and Bitcoin (BTC) cryptocurrencies, providing a seamless way for businesses to send and receive cryptocurrency payments. This feature adds diversity to payment paths and aligns with the growing global trend toward digital currencies, putting Cybrid at the forefront of fintech innovation.
Company officials said their expansion into B2B payments represents a big step in their mission to provide businesses with the most advanced financial tools available. The inclusion of cryptocurrency capabilities with USDC and BTC onramps and offramps is particularly exciting, opening up new avenues for financial transactions in the digital age.
This development is a major milestone for Cybrid, strengthening its role as an innovator in transforming business payments infrastructure.
What does Cyprid do?
Cybrid is a provider of embedded financial API solutions. Cybrid specializes in enabling diverse payment use cases including enabling fintech companies, financial institutions and payment service providers to easily integrate cryptocurrencies and cross-border cryptocurrency payments into their products. Cybrid’s white-label tools are designed by developers, for developers, and remove the complexity and high cost typically associated with pushing the boundaries of fintech.
Cybrid works closely with its B2B partners to help them understand their money flow and determine the best way to integrate ACH payments, wire transfers, and cryptocurrencies into their offerings. Cybrid is headquartered in Toronto, Canada, and New Jersey, USA, and is backed by global fintech investors including Golden Ventures, Luge Capital, and Harvest Venture Partners.