Rio

Rio, previously recognized as Rampa, operates from Mexico City, CDMX, Mexico, and employs a team of 7 individuals. As a participant in the Y-Combinator S22 batch, Rio has established itself in the fintech industry, specifically within the payments sub-sector. The company offers a robust range of services designed to facilitate both digital and fiat transactions while ensuring compliance with local regulatory and fiscal policies across various regions including Mexico, Latin America, and remote areas. Rio’s advanced APIs allow for seamless integration into existing systems, providing quick and secure transaction capabilities.

Rio’s strategic use of algorithms helps in searching for the best rates of virtual assets, and its connections with multiple country banking relationships enable competitive rates and optimized liquidity networks. The company supports a variety of digital assets such as USDC and USDT on multiple blockchains and ensures all supported currencies are thoroughly reviewed. By focusing on underserved regions, Rio not only extends its market reach but also enhances local financial ecosystems by providing necessary liquidity services and using local banking partners.

Compliance is a priority for Rio, which implements stringent AML procedures and uses a network of IDV vendors to screen every customer and transaction for potential money laundering or financial terrorism risks. The company’s commitment to fast, efficient, and cost-effective financial solutions is evident in its utilization of domestic banking for money disbursement and collection within LATAM. Rio’s innovative approach also includes offering simple payment APIs and an iFrame for companies to integrate, aiming to improve product efficiency for LATAM users. Despite not having open positions currently, Rio remains a dynamic player in the fintech landscape, continually enhancing its services to meet the needs of its business customers and legal representatives.