Request Finance, a leading platform in cryptocurrency and fiat financial operations, has acquired Pay.so, a regulated Virtual Asset Service Provider (VASP) in Europe. This acquisition is aimed at enhancing Request Finance’s compliance and expanding its global multi-currency payment options for businesses.
With this acquisition, clients can now make payments to third parties, pay bills, and pay employees using a one-click on/off ramp feature. Request Finance’s mission is to promote crypto adoption by compliant businesses. The all-in-one finance platform, which already offers Accounts Payable, Accounts Receivable, Accounting, and direct payments to 190+ countries, now provides a multi-payee on/off ramp, consolidating its position as a comprehensive solution for financial operations of businesses of all sizes.
Request Finance currently supports over 350 cryptocurrencies on 20+ blockchains. Pay.so, with one of the broadest currency coverages in the market, has been providing Request Finance’s clients with fiat payouts in a wide range of currencies for several months. The acquisition now enables the platform to power the smoothest Fiat2Crypto onramps and Crypto2Fiat offramps for cross-border payments between $100 and $100,000,000.
Chris Butcher, CEO of Pay.So US, commented on the acquisition, “The acquisition of this regulated Lithuanian entity puts Request in a prime position to double down on fiat payments and extend its lead as the number one crypto accounting and payment solution.” Cameron Butcher, CTO of Pay.so US, added, “Request has inherited a unique platform, processing millions of dollars of volume daily, on local payment rails worldwide, all while maintaining airtight compliance.”
Valentin Faye, Head Of Legal & Compliance, emphasized the importance of acquiring a VASP and pursuing MiCA compliance, stating, “Acquiring a VASP and pursuing MiCA compliance is not just a strategic move: it’s essential for building trust and long-term growth in our digital finance landscape.
By complying with this regulatory framework, we ensure that our operations meet the highest security and transparency standards and that our clients transact confidently across borders in full compliance with regulations.”
Christophe Lassuyt, CEO of Request Finance, highlighted the benefits of the acquisition, saying, “This is a game changer for Request Finance, which now supports a broad range of hybrid businesses, from those who want to earn revenues in digital currencies without touching cryptowith no crypto on the balance sheet, to those who run compliant finances without a bank account.”
User testimonials reflect the positive impact of Request Finance’s new feature.
Diego Casanova, Sr Finance Operations Analyst at Decentraland Foundation, mentioned, “We have been using Request Finance since 2022 to streamline our crypto payments through a centralized platform. One of the most valuable features for us has been the batch payment option, which simplifies complex transactions.”
Daniel Lustig, Head of Operations and BI at Ocean Protocol, added, “Since the Request team introduced crypto-to-fiat payments, our workflow has become incredibly streamlined.
The new solution has enabled us to handle both crypto and fiat transactions seamlessly, allowing us to focus more on our core business without worrying about complex conversions and payment tracking.”
Krisztin Lipárdi, COO at Galaxis.xyz, highlighted the convenience of the multi-currency options, stating, “The multi-currency options are perfect for my clients across the globe.
I really wouldn’t want to go back to anything else!”
The acquisition of Pay.so by Request Finance is set to transform the financial operations of businesses worldwide, offering enhanced compliance and global multi-currency payment options.
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