Payd
Payd is a global payments platform enabling freelancers, SMEs, and enterprises to send, receive, and manage funds via digital dollar wallets, virtual USD accounts, and multi-method payout rails - simplifying cross-border invoices, payroll, and remittance into a single API and web/mobile application.
Industry
Finance & Insurance
Market Categories
Payment Orchestration Layers
Business function (Horizontal)
Finance
Headquarters Location
Delaware, USA
Product Name
Payd
Parent Company
Payd
Founder
Benaiah Wepundi
Web2vsWeb3
Web 2.5
Access Model
API
Target Users
Enterprises, SMEs, Consumers
Competitors
Wise; Payoneer; PayPal; Stripe (USDC payouts); Deel/Remote (Global Payroll); TransferWise for remittance; Flutterwave; Remitly; BitPesa; Dappi; M-Pesa (in Africa)
Business Function (stablecoins)
Transaction Settlement, Payment Processing, Wallet Management, Payment Interface, Integration Services, Liquidity Provision
Feature completness
Product differentiation
Digital Dollar Wallets + Virtual USD Accounts: Enables enterprises to create named USD accounts for contractors without separate bank relationships (unique “no pre-funding” model). Multi-Method Global Payouts: Supports 100 + payment methods (bank rails, mobile money, M2P) from a single API. Gig Economy & Freelancer Focus: Native invoicing and payroll features tailored for independent workers globally. Web-Native Payment Links & Invoicing: Simplified no-code embedding of payment requests, capturing full metadata and tax details.
Privacy & Data protection certificate
GDPR Compliance
Years in business
2.49
Employees
<10
Horizontal Applications
Peer-to-Peer (P2P) Payments, Remittances, E-commerce Transactions, Settlements, Payment Rail, Liquidity, Payroll & Compensation
Tech stack modernity
Likely cloud-native on AWS/GCP (No explicit mention). Modern Web Stack: React/Node.js (Inferred from GitBook docs and typical FinTech patterns). Mobile Apps: iOS & Android native (Download links for both on site). “API-First” design indicates contemporary RESTful architecture. No specific ML/AI usage disclosed.
Product Roadmap
“Upcoming Features” (Blog indicates planned “Debit Card Issuance” and “Automated Tax Reporting” in 2025) (Inferred from Payd Dev Blog posts). Strategic Vision: Expand “Biashara” for enterprise payroll, deepen local partnerships in LATAM & Africa, add crypto-native rails (inferred from leadership interviews).
Product Roadmap
“Upcoming Features” (Blog indicates planned “Debit Card Issuance” and “Automated Tax Reporting” in 2025) (Inferred from Payd Dev Blog posts). Strategic Vision: Expand “Biashara” for enterprise payroll, deepen local partnerships in LATAM & Africa, add crypto-native rails (inferred from leadership interviews).
API Quality
Production-Ready
Documentation Link
Enterprise readiness
Integration: RESTful API & Webhooks support rapid onboarding. Scaling: Supports 10,000+ global users, 100+ payout methods. SLA: Not publicly specified (Blank). Security & Compliance: GDPR-compliant, regionally regulated KYC/AML, but no formal SOC2 documented.
Security & Compliance Readiness
GDPR-Compliant (EU privacy statement on site). KYC/AML: Built-in onboarding for virtual accounts via regulated partners in each region. PCI-DSS Compliance for card rails (Inferred via tokenized payment partner disclosures). No explicit SOC2/ISO certifications stated (Blank due to < 90 % confidence).
Documentation quality assessment
Completeness: Covers core APIs with examples; missing deep dive into advanced error handling, rate limits, detailed payload specs for every endpoint.
Support Methods
Email & Live Chat (Support icon on website). No published average response times or tiered support levels. Dedicated “Enterprise Success Manager” mentioned in sales collateral (Not publicly documented) (Inferred). No formal SLAs published.
Critical capabilities
Digital Dollar Wallets (On/Off ramp for USD via stablecoins like USDC) enabling multi-method payouts (bank, mobile money, local card rails). Virtual USD Account Issuance & Settlement Systems allowing enterprises to create named USD accounts for contractors (eliminates multiple local entity onboarding). Payment Link & Invoicing Platform (In-app and API-driven) enabling automated receivables.
Support & Account Management
Email & Live Chat (Support icon on website). No published average response times or tiered support levels. Dedicated “Enterprise Success Manager” mentioned in sales collateral (Not publicly documented) (Inferred). No formal SLAs published.
51 Score™
526.67
Product & Service
64.0
Stability & Maturity
36.7
Technology & Innovation
50.0
Enterprise Readiness
60.0
Categorization
Founder
Benaiah Wepundi
Parent Company
Payd
Market category
Payment Orchestration Layers
Target Users
Enterprises, SMEs, Consumers
Top competitors
Wise; Payoneer; PayPal; Stripe (USDC payouts); Deel/Remote (Global Payroll); TransferWise for remittance; Flutterwave; Remitly; BitPesa; Dappi; M-Pesa (in Africa)
