Zūm Rails

Zūm Rails is a Canadian fintech startup with a slogan of offering a smarter and faster way to solve and manage all payment operations. The company's software streamlines the onboarding process, provides advanced KYC/AML tools, moves funds in real-time, manages payment operations, and simplifies reconciliation all through a single API layer or payment portal, aiming to provide the most elegant user experience in the market. Their last investment was a $10.50M Series A investment at 22 February 2024, led by Arthur Ventures. Zūm's mission is to make managing payments better, faster, and less expensive, positioning itself as the most efficient payment management provider. The vision is to eliminate friction, optimize efficiency, and provide a competitive advantage in the marketplace. Their payment services include Visa Direct for real-time money transfers, Interac for fund transfers at scale, EFT for seamless payments via North America's banking network, and cost-effective credit card processing. Additionally, Zūm offers a powerful set of payment tools to automate onboarding, enhance KYC/AML, and simplify reconciliation. Overall, Zūm Rails aims to revolutionize the payment processing industry by providing comprehensive and efficient payment management solutions, ultimately improving financial interactions between businesses and end users.