Rio
Rio, formerly known as Rampa, is a fintech company based in Mexico City, specializing in payment solutions across Latin America. The company focuses on optimizing liquidity and compliance for digital and fiat asset transactions, leveraging extensive banking relationships and advanced technology.
Services
Rio operates within the fintech sector, specifically focusing on payments in Latin America. The company provides local fiat on and off ramp solutions, supports operations for both digital and fiat assets, and adheres to local regulatory and fiscal policies. This eliminates the need for companies to deploy back office operations in every country. Services target cross-border payments, wallets, and remittances, offering simple payment APIs and an iFrame for companies to integrate for efficient products. Users can buy and sell crypto and stablecoins in 5 minutes or less using local payment methods.
Industry
Rio is positioned in the fintech industry with a specific emphasis on payments. The company operates across Latin America, utilizing advanced algorithms to optimize virtual asset rates. It also provides competitive rates through multiple country banking relationships, ensuring fast settlements. The company maintains a comprehensive compliance framework that includes robust AML procedures and local regulatory adherence.
APIs and Integration
Rio offers APIs that are designed for quick and easy integration, making them suitable for existing applications. These APIs come with advanced security features to safeguard user data. The company utilizes domestic banking for efficient and cost-effective money disbursement and collection in Latin America. It ensures fast settlements through a network of banking relationships within the region, enhancing the reliability of their service.
Supported Digital Assets
Rio supports a range of digital assets including USDC across Ethereum, Polygon, and Solana, as well as USDT on Polygon, Ethereum, and Tron. Each digital asset is reviewed rigorously by the team before being added to the platform. This ensures that only safe and reliable digital currencies are supported, maintaining a high standard of trust and security for users.
Regional Coverage
Rio provides extensive regional coverage in more than five Latin American countries, leveraging a comprehensive group of regional banks and liquidity partners. The company identifies underserved regions to establish its own liquidity services, ensuring local regulation and the use of local banking partners. This extensive coverage allows Rio to achieve programmatic interoperability between traditional and digital assets using banking relationships across Latin America.