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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team, comprised of expatriates and former international students, is passionately committed to revitalizing the outdated currency exchange sector by providing options that are nearly cost-free.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 Nexto?

Nexto offers a robust cloud accounting and operational software solution specifically designed for businesses engaged in currency exchange, such as money changers and remittance offices. This platform adeptly monitors currency transactions, fees, transfers, and expenses while also managing cash flow and banking operations through double-entry bookkeeping, which results in comprehensive balance sheets and transaction reports for multiple currencies. Employees are equipped to keep track of exchange-rate fluctuations and assess trading profitability, as well as manage cash reconciliations and oversee remittance commitments along with scheduled payments. The system boasts various features, including role-based access permissions, an audit trail to ensure accountability, automated data backups, and periodic reports to bolster daily operational effectiveness. Moreover, an integrated WhatsApp inbox leverages artificial intelligence to analyze uploaded receipts and trade messages, producing draft vouchers for staff to review and confirm. The platform is accessible via web browsers and can be either hosted online or installed on a client's server while also offering mobile functionality through a downloadable web app. In addition, Nexto simplifies financial management for its users by enabling the transfer of existing data and creating reconciliation reports, ensuring a seamless transition and enhanced operational efficiency. Overall, this comprehensive suite of tools is designed to empower currency exchange businesses to optimize their financial processes and improve their overall performance.

Media

Media

Integrations Supported

Alipay
PayPal
WeChat Pay
Zelle

Integrations Supported

WhatsApp

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

39 USDT/month
Basic is 39 USDT/month or 390 USDT/year and includes 2 users, up to 200 customers, and 1 connected WhatsApp line. Standard is 69 USDT/month or 690 USDT/year; Professional is 99 USDT/month or 990 USDT/year. Annual billing is discounted. The lifetime server-installation license is quote-priced. An optional Nexto Box costs 1,200 USDT one-time in addition to the license. Migration of previous-software records is included. A 7-day demo with sample data is available without a credit card.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
On-Prem
Linux

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Documentation Hub

Company Facts

Organization Name

Swapsy

Date Founded

2017

Company Location

United States

Company Website

swapsy.com

Company Facts

Organization Name

Avesta Trading Teknoloji Dış Ticaret Ltd. Şti.

Company Location

Turkey

Company Website

nextofx.com/en

Categories and Features

Currency Exchange

Not specified

Categories and Features

Currency Exchange

Not specified

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