Company Research Report: Omnispay Payment Services L.L.C.
Company Overview
- Name: Omnispay Payment Services L.L.C.
- Mission: To revolutionize the payments landscape for small business owners in the MEA region by providing seamless, secure, and affordable payment solutions.
- Founded: No information is available.
- Founders:
- Vimal Kumar: Co-founder with extensive experience in Retail Banking, Payments, and FinTech across various regions.
- Simanta Das: Co-founder with over two decades of experience in FinTech, Payments, and Retail Banking.
- Praveen Kiran: Co-founder with over 14 years of experience in payments, management consulting, and retail business.
- Afzal Ibrahim: CTO with over 18 years of expertise in executing digital-first banking programs and tech transformation initiatives.
- Headquartered: Kia Flag Ship, Al Goze First, Office No. M22-M23, Dubai, UAE
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Omnispay is known for empowering small businesses by simplifying how they pay and get paid, effectively managing cash flow.
Products
- General Offering:
- Omnispay provides payment solutions to manage cash flow, allowing businesses to pay their suppliers and collect from their clients more effectively.
- Product Descriptions and Key Features:
1. Pay Any Business with Your Card:
- Description: Enables businesses to pay their suppliers, vendors, landlords, and service providers with a credit card, even if those entities do not accept cards.
- Features: Use of credit cards for business expenses with a 25-55 days credit period, simplified payment process for non-card-accepting entities.
2. Collect from Your Clients:
- Description: Simplifies the payment collection process for businesses by generating payment links that can be sent to clients.
- Features: Faster settlements, acceptance of international cards, utilizes payment links for seamless transactions.
3. Faster Settlement:
- Description: Offers businesses faster access to funds, ensuring prompt and efficient financial management.
- Features: Provides same-day or less-than-24-hour settlements for improved cash flow.
4. Comprehensive Dashboard:
- Features: Provides detailed reporting and consolidates all payments in one place for better cash flow optimization and management.
Recent Developments
- New Initiatives:
- Omnispay was chosen for the DIFC Innovation Hub's Fintech Accelerator Initiative as of October 23, 2023.
- Awards:
- Awarded "Best Emerging PayTech Innovation for SME Payments" on June 27, 2024.
- Partnerships:
- Partnered with Shufti Pro to integrate ID verification services into its platform as of October 16, 2023.
- Entered into a partnership with Geidea to drive innovation and digitization in consumer interactions as of June 25, 2023.
- Product Enhancements:
- Omnispay integrated Shufti Pro's IDV services to enhance security and authentication processes.
- Launched new initiatives poised to revolutionize B2B payments for SMEs in the MEA region as of May 25, 2024.
- Future Directions:
- Plans to expand its footprint and technology offerings as indicated by its participation in various industry-recognized initiatives and awards connectivity.
Additional Insights
- Omnispay is at the forefront of blending technology with financial services to provide simplified and secure payment solutions, particularly focusing on SMEs.
- Emphasizes customer experiences through streamlined services backed by real-time support systems and efficient technology integration.
This report provides a dense overview focusing on the available data regarding the company Omnispay, highlighting its core operations, leadership team, product offerings, and recent activities within the fintech sector.
