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What is Swapsy?

Swapsy stands out as a forward-thinking FinTech startup that aims to create a frictionless marketplace for individuals looking to exchange foreign currencies effortlessly. On the Swapsy platform, users can engage in peer-to-peer currency swaps through their preferred e-wallets—such as Zelle, PayPal, Alipay, and WeChat Pay—without Swapsy ever handling client funds; instead, the service enables users to share their e-wallet information directly for currency exchanges. After successfully completing the UCSD Rady StartR accelerator, Swapsy is now part of the EvoNexus and Mucker Lab incubators, positioning itself for further growth. The company's team, comprised of expatriates and former international students, is passionately committed to revitalizing the outdated currency exchange sector by providing options that are nearly cost-free. To ensure trust and security, every participant is required to complete an ID verification process before they can engage in swaps, which guarantees that all exchanges are made with verified individuals. This dedication to user safety not only fosters a secure environment but also significantly enhances the overall user experience, making Swapsy a trustworthy option for all currency exchange requirements. As it continues to evolve, Swapsy aims to expand its offerings and reach a wider audience in the global marketplace.

What is MarTrust?

The MarTrust platform acts as a dedicated payment solution tailored for the maritime sector, aiming to enhance crew payroll, vendor payments, and modernize cash-to-master processes for shipping companies. It supports transactions in over 130 currencies, provides competitive foreign-exchange rates, and reduces banking and currency exchange costs while achieving a payment success rate that surpasses 99%. Crew members benefit from an e-wallet and debit card that enable them to receive their salaries directly, withdraw cash from ATMs worldwide, transfer money back home, spend in different currencies, and manage their finances securely via a mobile application. Additionally, for businesses, it simplifies global payroll and supplier oversight by aggregating multiple transactions into one file, allowing for either immediate or scheduled multi-currency payments, improving adherence to maritime and financial crime regulations, and potentially lowering cash-on-board levels by as much as 80%. Ultimately, MarTrust not only streamlines financial operations for shipping companies but also provides crew members with convenient and flexible access to their earnings, thus fostering a more efficient maritime financial ecosystem. By integrating these features, MarTrust significantly enhances the overall efficiency and satisfaction of both crew members and shipping enterprises.

Media

Media

Integrations Supported

Alipay
PayPal
WeChat Pay
Zelle

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Swapsy

Date Founded

2017

Company Location

United States

Company Website

swapsy.com

Company Facts

Organization Name

MarTrust

Date Founded

2011

Company Location

United States

Company Website

www.martrust.com

Categories and Features

Currency Exchange

Not specified

Categories and Features

Marine

Not specified

Payroll

Not specified

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