AL

Acupay System Llc

www.acupay.com link_icon

Acupay Company Research Report



Company Overview



  • Name: Acupay

  • Mission: To provide dynamic tax relief solutions through technology and client-centered service.

  • Vision: To remove friction in the complex world of global investing, thereby maximizing investments and simplifying clients' lives.

  • Founded: 2005

  • Founder: Robert Apfel

  • Key People: No information is available

  • Headquarters:

  • New York Office: 30 Broad St., 46th Floor, New York, NY 10004

  • London Office: Unit 3, 1st Floor Cosmopolitan House, 10A Christina St., London EC2A 4PA

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known For: Expertise in cross-border finance, securities processing, and international tax relief.


Products



Tax Certification Services


  • Description: Assists issuers and their deal teams in different markets to obtain relief at source for eligible investors.

  • Key Features:

  • Cross-Border Issuance facilitation.

  • Supports paperless tax certification where allowed.

  • Partnerships with CSDs and financial intermediaries such as Euroclear and Clearstream.


Tax Processing as a Service


  • Description: Enables financial intermediaries to outsource, automate, and expand their double taxation relief services.

  • Key Features:

  • Integration into pre-issuance phases.

  • Data collection and compliance with market requirements.

  • Document management and storage solutions.


Tax Reclaim Service


  • Description: Simplifies obtaining necessary documentation for withholding tax relief on foreign dividends.

  • Key Features:

  • Guided step-by-step process.

  • Customizable interface.

  • Over 2,200 custodian banks and 1.1 million investors served globally.


Recent Developments



  • New Products Launched: No specific information is available on new products.

  • New Features Added to Existing Products:

  • Acupay System:

  • Simplifies the submission of tax relief requests.

  • Enhanced interface and storage capabilities.

  • New Partnerships:

  • Collaborations with CSDs and financial intermediaries.

  • Significant Projects:

  • SOC2 Type II Certification obtained in Q2 2024.

  • Engagement in Italian Yankee Bond Projects including collaborations with Eni S.p.A. and CDP S.p.A.

  • Technological Updates:

  • Q1 2024 Technology Updates and Product Roadmap for 2024.

  • Acupay Cybersecurity Challenges and Solutions update.

  • Industry Engagement:

  • Participation and insights from Sibos 2023.

  • ESG Team and User Experience (UX) updates shared in recent newsletters.


Summary



Acupay specializes in providing technology-driven solutions for tax relief in the cross-border securities domain. With a focus on easing complexities in the international investment landscape, Acupay assists issuers in accessing new markets and investors. Its commitment to innovation and compliance, highlighted by recent technological and certification advancements, underscores its role as a pivotal player in the international finance sector.