Fin.do reduces payment complexity by enabling near real-time transfers with no bank fees and at competitive exchange rates.
Consumers can leverage the Fin.do mobile application to make domestic and international payments securely and easily.
Traditionally, consumers using third party payment services are required to create a new account that needs to be topped up using a credit card. This results in processing and transaction delays, and comes with additional wire transfer costs.
At the same time, money can be blocked or withheld in the account for longer periods of time, which restricts payments in the event of emergencies.
Fin.do leverages the card network infrastructure to enable payments to be issued instantly to the recipient, eliminating the risk of transfers being blocked or withheld pending transaction authorization.
“Our goal is bring people together by eliminating the barriers in person-to-person payments. We want to make it easy for everyone to support their family, shop from peers, get paid as a freelancer, or transfer money between their own accounts – with a higher level of security and lower fees.”
Zhana Dar, Fin.do CEO
Fin.do is a mobile app enabling customers to link their existing credit and debit cards, with no need to create an account or order a new payment card.
Transfers can be made in a matter of minutes using the recipient’s phone number information. Before completing the transaction, the sender can see the exact amount the recipient will get, and no lengthy details – such as the recipient IBAN – are required.
All payments are protected with 3D secure authentication and work with Mastercard payment cards (Visa to follow soon).
Fin.do is developed by Lithuanian-based software company UAB Findo Finansai, which aims to transform the P2P money transfer market by enabling faster, more secure, seamless payments.
Founded in 2017, the company employs a global team of software development and financial experts in Israel, Poland and Ukraine.
Zhana Dar, CEO