Cybrid expands B2B payments on its embedded finance API platform

By Delisha Fernandes

Cybrid, an embedded finance provider, has expanded its FinTech API platform to include business-to-business (B2B) payments.

This latest enhancement brings a host of advanced features tailored to meet the sophisticated needs of modern businesses, further cementing Cybrid’s status as a leader in financial innovation.

“Our expansion into B2B payments marks a significant stride in our mission to equip businesses with the most advanced financial tools available,” said Avinash Chidambaram, CEO of Cybrid. “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.”

Cybrid’s platform is equipped with a comprehensive range of financial services including KYC identity verification processes, money transmission using wire and ACH transfers, virtual FBO accounts for USD connected to digital wallets with integrated crypto onramp and offramps. The addition of B2B payment capabilities is integrated with a Know Your Business (KYB) process, facilitating smooth onboarding of business customers to support fiat and cryptocurrency transactions.

Key advantages include real-time transactions with fast confirmations, ensuring businesses benefit from near-instant payment processing for rapid access to funds and improved liquidity management. It also features high transaction limits, specifically tailored to accommodate large sum payments with ease, thereby reducing the complexities often associated with high-value transactions.

Additionally, the solution provides rich remittance data, which streamlines record-keeping by enabling businesses to reconcile transactions with less reliance on paperwork. A crucial component of the platform is the crypto onramp/offramp for USD Coin (USDC) and Bitcoin (BTC), offering a seamless way for businesses to send and receive cryptocurrency payments. This feature adds versatility in payment rails and aligns with the growing global trend towards digital currencies, positioning Cybrid at the forefront of financial technology innovation.