Intract

Intract is a financial platform that helps businesses send and receive money across international borders. It focuses on solving two major pain points of traditional banking: slow settlement times and expensive foreign exchange fees. Instead of waiting days for a wire transfer to clear, Intract promises to settle transactions in under 30 minutes. It also provides access to what it calls 'clean' FX rates, meaning businesses can see the exact cost upfront without hidden fees or large spreads.

The platform works by handling both sides of a transaction, whether a company is sending funds to pay an international supplier or receiving payment from a client overseas. It supports over 30 currencies across major global corridors. Key operational features include automated regulatory compliance for each transaction and dedicated account management. This setup is designed to offer a more predictable and faster alternative to conventional international wire transfers.

Intract is built for businesses that frequently move money across borders. This includes remittance platforms managing high-volume transfers, SaaS companies paying international contractors, import/export businesses dealing with suppliers and buyers, and staffing firms processing multi-country payroll. Freelancers and agencies receiving payments from global clients can also use it to get paid in their local currency without the typical delays.