The Problem
Globally, marketplace payments are a challenging task.
Globally, marketplace payments are a challenging task due to the presence of vendors operating in various countries and using different currencies, as well as the diverse financial software and preferences of each of them. Furthermore, jurisdictions and regulations sometimes add to the struggle.
- Payment delays: 1- to 3-day banking holds for fraud checks can be particularly problematic for vendors who rely heavily on cash flow
- Freelancers can wait up to 14 days to get paid
- Cross-border compliance is a burden, depending on the country
- Sanctions zones evolve, making the marketplace job challenging
- Transaction fees are high because intermediaries can skim 2-5% per payout
- Small vendors lose up to 20% margins on $50 gigs
- FX volatility, conversion rates, and hidden fees vary significantly
- The costs of cross-border payouts depend on corridor exchange rate volatility, FX fees applied by banking apps, and hidden fees
- Chargebacks & disputes: buyers reverse up to 2% of payments
- All those examples create struggles about payments, disputes, and operational delays
The Solution
A unique financial platform that serves both ends of the marketplace
Request Finance offers a unique financial platform that serves both ends of the marketplace, enabling them to pay and get paid efficiently and reap all the benefits. Marketplace vendors get paid faster, intermediaries don't eat fees, therefore, they get paid more. Marketplace buyers pay directly; there are no intermediaries involved, therefore they pay fast, can't reverse payments, and don't incur fees.
Invoice, approve and pay, from one place.
Send invoices, route approvals, and pay vendors in local currency or stablecoin, one transfer or a batch.
Keep control of every currency you hold.
Real-time cash position across currencies and stablecoins.
Get started
3 steps to transform your company's spend management
Open your account
Complete your Know Your Business verification before you go live. It usually takes a few days and means your counterparties are verified too.
Top up your account
Deposit any currency, by bank transfer or in stablecoin. Flexible funding options for your business needs.
You are set up!
Your finance team is ready to go. Control, approve, and monitor business spend in real time.
Customers
Trusted by finance teams in 190+ countries.
It has improved the security of our stablecoin payment processes.
David Norris
Head of Finance, Near Protocol
It is a game-changer for any Web3 business looking to streamline their financial operations and take advantage of the benefits of stablecoins.
Magdalena Fichtl
Head of Finance & Operations, Gelato
Request Finance onboarded our Delaware C-corp in just 11 days over the New Year holiday. This was hands-down the most efficient crypto fundraising experience possible given all the KYB, AML and compliance requirements.
Vitality
Founder, Yurtofun
Other solutions we saw did not have all the functionalities we needed, like batch payments.
Sebastien Borget
COO & Co-founder, The Sandbox
Request revolutionized our financial operations by simplifying cross-currency transactions, ensuring transparent and auditable records through a paper trail creation.
Juan Pablo Andersson
Finance Operations, The Sandbox
Request Finance makes it easy for our accountants to manage our payments, and simplifies payroll for our global team.
Rudy Kadoch
CEO, Nested Finance
Request gave me structure. It gave me a workflow to manage supplier payments connected to the contacts of those suppliers along with their wallet addresses. It gave me confidence knowing that I would be sending funds to a supplier's wallet address they have entered directly into their invoice.
Ryan Kris
COO, Verida
The app has essentially eradicated risks associated with human error, such as payments sent to incorrect wallet addresses. Furthermore, it has enhanced our capability to monitor our crypto payroll history, providing improved transparency and oversight.
Jaime Barriga
CEO VP Finance, OpenZeppelin
Request Invoicing and Expenses features have streamlined our processes, providing time-efficient management of payables both in crypto and FIAT. With their intuitive interface and robust functionalities, we've seen a remarkable improvement in tracking, managing, and optimizing our financial workflows.
Vitalij Aleksandrov
Head of Finance, Merit Circle
The team at Sonic Labs used to spend many hours a month just on managing and accounting for crypto payments. With Request, we now spend only far fewer hours processing almost US$100k in payments monthly, and we anticipate that this number will go up.
Michael Kong
CEO, Sonic
Who's it for?
Built for every type of business
From SaaS to healthcare, e-commerce to Web3, Request Finance provides industry-specific solutions that streamline your financial operations.
