Plumter

Company Overview

Plumter is a fintech company based in Lagos, Nigeria, specializing in payment solutions. Established as part of the Y-Combinator Winter 2022 (W22) batch, it focuses on facilitating seamless payment processes for African merchants and consumers to pay their suppliers abroad. Plumter operates in over 100 countries, supporting transactions in more than 120 currencies, with 95% of payments completed within 48 hours.

Services

Plumter provides a range of payment services to businesses, including free onboarding and the ability to onboard multiple teammates without additional charges. The platform does not require a minimum account balance and offers free services for currency swaps, funding with local currency, and transfer charges. Businesses can download account statements at no cost and utilize the integrated API to embed Plumter's payment services within their own systems. Additionally, Plumter offers tools to help businesses scale their teams, including a document verification feature for receipts and account statements through transaction reference or QR code scanning.

Products

Plumter offers a mobile application available on both Android and iOS platforms, enabling users to manage their payments efficiently. The application provides features to support transactions in multiple currencies and offers free essential services like account statement downloads and multiple teammate onboarding. The API offering allows businesses to integrate Plumter's payment solutions smoothly into their existing systems.

Industry Focus

Operating within the fintech sector, Plumter primarily focuses on payments, providing payment rails that help African merchants and consumers to pay their suppliers abroad efficiently. Their solutions are tailored to meet the needs of businesses looking to operate internationally without the common barriers of high fees and long transaction times. Plumter's operations span across Africa and reach into remote regions, enabling businesses to maintain fluid and reliable payment processes on a global scale.

Regions of Operation

Plumter serves clients across multiple regions, including Nigeria and wider Africa, with a remote operational structure that supports a global reach. The company's services are available in over 100 countries, supporting a diverse range of currencies and catering to businesses that require international payment solutions. The team's fully remote nature also allows for agility and scalability in managing cross-border transactions efficiently.