DRUO Secures Funding to Transform Global Payment Solutions
Transforming Global Payment Solutions with DRUO
DRUO is a pioneering force in the direct-debit payment landscape, providing businesses the ability to seamlessly accept payments straight from bank accounts. With a remarkable network connecting over 10,000 financial institutions, DRUO is proud to serve nearly one million users across North America and Latin America.
Seed Funding from GPT Ventures
Recently, DRUO secured seed funding led by Global PayTech Ventures (GPT), a significant milestone signaling the company's plans for growth and expansion. This funding will enable DRUO to broaden its direct-debit services to over 30 countries by 2026, enhancing user adoption and accessibility to its payment solutions.
Innovative Direct-Debit Payment Network
Despite advancements in technology, many payment systems still rely on outdated infrastructure. Most global transactions involve several intermediaries, causing businesses to incur fees ranging from 3% to 5%. DRUO addresses this challenge by creating a direct connection between merchants and financial institutions, minimizing transaction costs to just 0.5%. This innovation also bolsters fraud protection measures, providing an exceptional layer of security.
Business Models Reimagined
“We’re providing a significantly improved way for businesses to manage payments,” asserts DRUO CEO Alejandro Pinzon. “By eliminating many middlemen, our system offers solutions that enhance efficiency while ensuring low costs.” Currently, DRUO's platform is tailored for more than one billion bank accounts worldwide, creating an unprecedented opportunity for merchants.
Achievements and Future Potential
DRUO has swiftly become the preferred payment method for a diverse user base, demonstrating notable success since its launch in 2022. With total transaction volumes soaring to approximately $294 million USD—$57.8 million USD processed just in Q3—businesses utilizing DRUO enjoy a remarkable 188% year-over-year growth.
Addressing the Payments Gap
DRUO's strength lies in its ability to facilitate direct charges from any bank account, drastically simplifying the payment process. This pioneering capability fills a crucial gap in the payments industry, allowing users unimpeded access to payment systems without the traditional complexities and fees. By prioritizing merchants’ needs, DRUO successfully enhances profitability by streamlining cost structures.
Strategic Vision and Global Expansion
The enthusiasm surrounding DRUO's innovative direct-debit payment network has caught the attention of notable investors, with Global PayTech Ventures recognizing its potential to redefine global payments. Javier Perez, founder of GPT, notes, “DRUO is forging a new category in payments, alleviating burdens in the transaction process.” With plans for European availability set for 2026, DRUO’s strategic vision includes building enhanced infrastructures to expand market access.
About DRUO
At its core, DRUO stands as a direct-debit solution, allowing businesses to collect payments directly from bank accounts. The company’s cutting-edge network not only reduces transaction fees but also significantly mitigates fraud risks, reshaping the financial landscape for global commerce.
About Global Paytech Ventures
Global PayTech Ventures focuses on revolutionary paytech platforms with international reach. Founded by seasoned professionals including Javier Perez, former President of Mastercard Europe and Latin America, GPT combines industry knowledge and a robust network to help emerging payment companies grow.
Frequently Asked Questions
What type of funding did DRUO secure?
DRUO secured seed funding led by Global PayTech Ventures, enabling its expansion plans.
How does DRUO’s payment system benefit businesses?
DRUO offers businesses a direct connection to financial institutions, reducing transaction costs significantly and boosting fraud protection.
When will DRUO expand to Europe?
DRUO is expected to become available in Europe by 2026, expanding its footprint in the global market.
What is the estimated transaction volume processed by DRUO?
Since its launch, DRUO has processed approximately $294 million USD in total transaction volume as of now.
Who founded Global Paytech Ventures?
Global PayTech Ventures was founded by Javier Perez and his sons, focusing on next-generation payment solutions.
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