Buckzy Payments operates a proprietary real-time cross-border payment settlement network and embedded finance platform that offers multi-currency bank accounts, local settlement accounts, and real-time FX quoting and booking. The platform targets financial institutions, neobanks and fintechs and emphasizes no hidden fees or unnecessary overhead costs. Led by founder and CEO Abdul Naushad and based in Toronto, the company has been live since 2020 and has added over 140 customers. Buckzy's payment network currently disburses funds to over 80 countries, including the UK, India, the EU, the Philippines and the UAE, and it recently expanded its network in Latin America (Argentina, Brazil, Chile, Colombia, Guatemala, Honduras, Mexico and Uruguay). The company raised USD$14.5M in a Series A and intends to use the funds to enter new geographies and expand its product offerings. Buckzy Payments is a Toronto-based fintech that operates a real-time global payments network for international B2B, B2C and P2P transfers. Led by CEO and founder Abdul Naushad, the platform moves funds between banks and third-party wallets. Funds reach recipients in under five minutes and the service is available 24×7, 365 days a year. The network charges zero transaction fees. The company intends to use the seed proceeds to scale its real-time global payments network and expand its cross-border remittance, bill-pay and B2B commerce capabilities.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2022