Levro
Levro, formerly known as Novo, is a fintech company based in San Francisco and New York, offering a multicurrency account and global payments platform designed for businesses dealing with international transactions.
Company Overview
Levro, formerly known as Novo, is a fintech company headquartered in San Francisco, CA, and New York, NY. With a team size of 12 employees, Levro operates in the banking and exchange sector within the broader fintech industry. The company is part of the Y Combinator S21 batch and focuses on providing innovative banking solutions for businesses, including international payments and business banking services.
Services
Levro offers a range of services designed for businesses with international customers, employee payroll, vendors, or bulk payouts to different countries. These services include Mass Payments, Tax Compliance, Global Payment API, Global Payouts, and Integrations. The company also provides a multicurrency account and global payments platform, allowing businesses to hold, convert, and pay in over 30 different currencies with exchange rates that are 40-90% lower than banks and other FX services like Wise.
Visa Debit Card Features
Levro provides a Visa Debit Card issued by Blue Ridge Bank, N.A., Member FDIC. The card supports ATM cash deposits and withdrawals, retail card purchases, and card-not-present transactions. It can be added to digital wallets for seamless payments and comes with Visa Zero Liability Benefits as well as eligibility for Visa’s Fraud Alerts Program. Additionally, Levro offers a virtual card for secure online transactions.
Multicurrency Payments
Levro specializes in multicurrency payments, allowing businesses to perform transactions in over 30 different currencies. The service is designed to help US and international companies with currency risk management, recipient onboarding, automated multicurrency reconciliation, and wire tracking. Levro's solutions aim to simplify complex global payments while providing competitive exchange rates.
Blog and Educational Resources
Levro offers a blog that features a variety of articles on international payments and business banking. This resource is aimed at educating businesses on navigating the complexities of global finance, tax compliance, currency risk management, and other related topics. The blog serves as a valuable source of information for companies looking to optimize their international financial operations.