PayCaddy
PayCaddy is a fintech company based in Panama City, Panama, specializing in card issuing and digital payment solutions across Latin America. The company offers a comprehensive suite of services for both technical and non-technical clients, including a RESTful API, white-label applications, and compliance with KYC requirements.
Company Overview
PayCaddy is a fintech company headquartered in Panama City, Panama. The company specializes in providing a range of card types, including credit, debit, and prepaid cards, primarily for the Latin American market. As part of the Y Combinator W22 batch, PayCaddy leverages innovative technologies to offer both tech-savvy and non-technical clients solutions for card issuing and digital wallets.
Services
PayCaddy offers a variety of financial services including the issuance of Mastercard-backed physical and digital cards (prepaid, debit, and credit). The company provides a RESTful API for quick integration of card issuing into client UX/UI, a sandbox environment for developers, comprehensive API documentation, and a step-by-step integration guide for Latin American markets. Other services include online onboarding for KYC compliance, real-time spending notifications, and a backoffice web tool for managing card issuing programs.
Products
PayCaddy's product offerings include Mastercard-backed physical and virtual cards, digital wallets, and customized white-label applications for companies without a tech team. Clients can choose between integrated and delegated KYC solutions, various wallet types including prefunded and credit line wallets, and real-time transaction alerts. The company's digital wallets support automated online payments and personalized debit and prepaid cards.
Industry Applications
PayCaddy caters to a wide range of industries such as innovative marketplaces, gig work platforms, crypto exchanges, retail companies, lenders, fintechs, and wealth management firms. The solutions provided empower sellers with instant access to their funds, support asset-backed card issuance without coding, expedite client onboarding, enhance customer retention, and offer convenient financial management tools for freelancers.
Regions Served
PayCaddy serves various regions including Panama, Latin America, and remote locations, with services adaptable for both partly remote and fully remote setups. The platform is designed to allow Latin American companies to launch financial products efficiently, supporting digital wallets and card issuance across the region.