ShieldPay
B2B Payments
Bridging Crypto Payments to Bank Wires: Business Banking Evolved
Founders
Emmanuel Udotong (CEO)
Isaiah Udotong (COO)
Luis Carchi (CTO)
Launch Date
2022
Key Investors
Kraken Ventures
Eterna Capital
Alchemy
Moonpay
Bessemer Ventures
and more
About
ShieldPay is a licensed B2B crypto on/off ramp enabling businesses to accept cryptocurrency payments while receiving USD wires directly in their bank accounts. With same-day processing, competitive 1% transaction fees, and flexible integration options, ShieldPay bridges the gap between crypto and traditional banking. Founded by ex-Facebook, McKinsey, and Y Combinator technologists, and backed by a16z crypto, Kraken, and MoonPay, ShieldPay offers robust security features including real-time transaction monitoring and comprehensive KYC/KYB processes.
$2M
pre-seed round raised
1%
starting transaction fee
Use Cases
- Cross-Border Business Payments - Companies can accept USDT from international clients and receive same-day wire transfers to their bank accounts, eliminating traditional banking delays and fees.
- E-commerce Crypto Integration - Online retailers can implement Shield's payment buttons and links to accept stablecoin payments while receiving fiat currency, expanding their customer base globally.
- Secure B2B Digital Asset Exchange - Businesses can buy, sell, or swap digital assets with other companies through Shield's compliant platform with robust KYC/KYB verification and transaction monitoring.
- Financial Compliance Management - Organizations handling crypto transactions can utilize Shield's real-time monitoring and fraud prevention tools to maintain regulatory compliance and prevent illicit activity.
Stablecoin Payment Solutions
- Shield enables businesses to accept USDT and receive same-day wires directly to their bank accounts
- It facilitates cheaper and faster payments for international businesses
- Shield offers tools to accept USDT and other digital asset payments, including buttons, links, and addresses
- It allows businesses to tap into the stablecoin market, attracting a broader client base
- Shield offers competitive transaction fees starting at 1%, decreasing with higher volume
Security and Compliance
- Shield ensures safe and compliant transactions with advanced monitoring
- It provides real-time transaction monitoring powered by Elliptic
- The platform employs robust identity verification through comprehensive KYC & KYB processes
- Shield offers fraud and risk prevention, protecting against illicit activities like fraud and sanctions
- Shield is a licensed VASP operator, ensuring compliant and flexible use cases
Trusted by
KM Distributors LLC, Concept Wholesale Inc., Eze Wholesale
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