At A Glance
Tagline:
Payments reimagined
Website:
Head Office:
Toronto, Canada
Geographical Presence:
Global
Target Customer:
Banks and multinational corporations
Supply Chain Processes:
Liquid can be configured for use as an internal treasury platform, or for use as a white-label cash management product for bank’s corporate clients.
Company Description
nanopay is a global payments technology company offering payment and liquidity management products for businesses and banks. We are privately funded, led by the Merchant Banking Division of Goldman Sachs.
Our technology differentiates us. Our platform is built on a next-generation Centralized Ledger Technology (CLT), which is a hybrid-blockchain that combines the best features of blockchain and conventional databases. The result is a secure, tamper resistant, high performance platform that enables real-time payments and virtual cash and liquidity management.
Our mission inspires us. Our long-term goal is to lead the world’s transition to digital cash, as we power the infrastructure to enable what’s more commonly known as Central Bank Digital Currency (CBDC).
What We Do & How We Do It
Current offering: Liquid, our next-generation cash and liquidity management product, brings the notion of real-time liquidity to life without the need to rebuild legacy banking infrastructure. By integrating with nanopay’s proprietary payments engine, banks can leverage one of the fastest, most secure systems in the market, enabling real-time visibility of cash holdings, automated 24/7 sweeps, and a significant reduction in reconciliation efforts. This product is allowing banks and their clients to use their funds far more efficiently, plan for future investments better, and ultimately, be more strategic with their money so that their shareholders benefit as much as possible.
Future offering: In the future, we plan to use our advanced platform to partner with central banks and enable the future of money, Central Bank Digital Currency (CBDC). CBDC will revolutionize access to banking services for those citizens who are currently underserved, or unserved altogether. CBDC can also improve security, reduce fraud, increase seigniorage, and be used as a complement to cash.
Innovate: nanopay’s products are built using a unique hybrid-blockchain platform that leverages Centralized Ledger Technology (CLT). Like a Distributed Ledger (DLT), nanopay’s centralized ledger is tamper proof, transparent, and verifiable. Unlike DLT, CLT enables banks to maintain control of their ledgers. Most importantly, nanopay’s platform is faster and more efficient than DLT, making it a more effective and scalable banking solution.
Ideate: By viewing payments in its totality, nanopay is looking to address issues that include accessibility, delayed settlement, security, visibility of payments (both domestic and cross-border) and ultimately, we are looking to lead the world’s transition to digital cash.
Iterate: nanopay believes in true client-centricity, seeking out our users to gather as much primary research as possible. We also work closely with banks to understand their business, their strengths and weaknesses, and their vision for our product moving forward. Doing so has forged stronger customer relationships and an ability to build great products right out of the gate.
