Request Finance acquires Pay.so Lithuania; launches revolutionary one-click crypto/fiat payment solution
Paris, France, November 25th, 2024, Chainwire
The acquisition is meant to enhance Request Finance’s compliance and expand global multi-currency payment options for businesses. Now, clients will be able to make payments to third parties, pay bills, and pay employees with a one-click on/off ramp feature.
Request Finance, a prominent platform in crypto and fiat financial operations, has announced its acquisition of Pay.so Lithuania, a regulated Virtual Asset Service Provider (VASP) in Europe. The acquisition enables Request Finance to provide a fully compliant, one-click on/off ramp payment solution that bridges crypto and fiat for businesses of all sizes.
Request Finance’s mission is to enhance crypto adoption by compliant businesses. The all-in-one finance platform for crypto and fiat operations already offers Accounts Payable, Accounts Receivable, Accounting, and direct payments to 190+ countries. Now, Request provides a multi-payee on/off ramp, consolidating its position as comprehensive solution for the financial operations of businesses of all sizes.
Request Finance already supports 350+ cryptocurrencies on 20+ blockchains.
Pay.so Lithuania, a regulated Virtual Asset Service Provider (VASP) in Europe, operates under one of the strongest regulatory frameworks for companies providing services on digital assets. Pay.so has grown tenfold in just nine months, establishing itself as a valued resource for significant corporations navigating digital currencies. With one of the broadest currency coverages in the market, Pay.so has been providing Request Finance’s clients with fiat payouts in a wide range of currencies for several months now, including USD, EUR, GBP, AUD, CHF, SGD, NZD, THB, HKD, IDR, CAD, INR, AED, KRW, JPY, MYR, and PHP.
By acquiring its trusted long-term partner, Request Finance now powers the smoothest Fiat2Crypto onramps and Crypto2Fiat offramps for cross-border payments between $100 and $100,000,000.
This acquisition brings uniquely powerful on/off ramp for its clients, as simple as in one click. Clients can now make offramps and onramps to and from third parties. This applies to direct payments, multi-payee bill payments, and employee payments. All this with a one-click on/off ramp experience.
Chris Butcher, CEO of Pay.So US commented, “The acquisition of this regulated Lithuanian entity puts Request in a prime position to double down on fiat payments and extend its lead as the number one crypto accounting and payment solution.”
Cameron Butcher, CTO of Pay.so US, added, “Request has inherited a unique platform, processing millions of dollars of volume daily, on local payment rails worldwide, all while maintaining airtight compliance.”
Valentin Faye, Head Of Legal & Compliance, added, “Acquiring a VASP and pursuing MiCA compliance is not just a strategic move: it’s essential for building trust and long-term growth in our digital finance landscape. By complying with this regulatory framework, we ensure that our operations meet the highest security and transparency standards and that our clients transact confidently across borders in full compliance with regulations. This positions us to support the largest enterprises as they adopt digital currencies. Plus, offering our users the first in a long line of regulated services enables them to manage all their operations with and from our platform.”
Christophe Lassuyt, CEO of Request Finance, mentioned, “This is a game changer for Request Finance, which now supports a broad range of hybrid businesses, from those who want to earn revenues in digital currencies without touching crypto, with no crypto on the balance sheet, to those who run compliant finances without a bank account”.
Here’s what users are saying about Request Finance’s new feature:
Diego Casanova, Sr Finance Operations Analyst at Decentraland Foundation, mentioned: “We have been using Request Finance since 2022 to streamline our crypto payments through a centralized platform. One of the most valuable features for us has been the batch payment option, which simplifies complex transactions. A few months ago, we were introduced to a new feature within the platform, allowing us to make seamless fiat payments using crypto through its off-ramp services. Since then, our experience has been outstanding, with consistent support from the Request Finance team, always attentive to our needs and inquiries.”
Daniel Lustig, Head of Operations and BI at Ocean Protocol, added: “Since the Request team introduced crypto-to-fiat payments, our workflow has become incredibly streamlined. The new solution has enabled us to handle both crypto and fiat transactions seamlessly, allowing us to focus more on our core business without worrying about complex conversions and payment tracking. It’s been a game-changer for our team, providing a new level of transparency we’ve been looking for. Needless to say that our auditors love it, too.”
Krisztin Lipárdi, COO at Galaxis.xyz, wanted to highlight the ongoing payment revolution: “Request Finance has honestly changed the way how I at Galaxis handle payments. Earlier I had to use several platforms and I had to separate Crypto and Fiat payments. Seeing all the invoices at one place and the Crypto to Fiat feature has made my life so much easier. The multi-currency options are perfect for my clients across the globe. I really wouldn’t want to go back to anything else!”
To explore how Request Finance’s new on/off ramp solution can transform your business’s payment processes, users can visit https://request.finance
About Request Finance:
Request Finance provides a robust, compliant finance platform that bridges crypto and fiat operations, supporting over 350 cryptocurrencies across 20+ blockchains. With features spanning Accounts Payable, Accounts Receivable, and Direct Payments, Request Finance empowers businesses to manage finance operations efficiently and securely, driving mainstream adoption of digital currencies.