Finland
B2B Pay is a Finland-based startup offering virtual banking solutions with a focus on non-resident business owners. Established in 2016, the company's slogan "Virtual Banking, Multi-Currency IBAN and Multi-currency accounts" encompasses its core offerings. The platform enables non-residents to open a business virtual bank account in Europe, facilitating swift payments within the EU and expedited fund transfers back to their home accounts at a significantly reduced cost - up to 80% less. Moreover, B2B Pay provides virtual banking API access to corporates, allowing for the creation of accounts, transactions, and customization of a business rules engine to cater to unique business requirements.
The latest reported investment in B2B Pay was a Non-Equity Assistance round on 21 October 2020, secured from MassChallenge. The company operates within the B2B, Financial Services, Fintech, and Payments sectors, positioning itself at the intersection of finance and technology to address the evolving needs of international businesses in the digital era.
