Eumlet is a business to business payment web3 infrastructure. It provides the tools that businesses need to conduct digital payments globally with minimal costs. Our vision is to help businesses transition to the power of Web3.
Challenges with Traditional Business Payments Today
Traditional finance rails for B2B payments are fraught with infrastructure and transactional inefficiencies. Web2 payments are traditionally routed through a number of intermediaries before reaching their final destination often subject to border complexities. This leads to high transaction costs and time taken, making it inefficient, especially at the speed of business today. Yet, trillions of dollars are transferred this way annually.
The Cost of Digitisation to Web3
In an increasingly dynamic world there is a race to digitize. However, the drive to web3 digitization comes with numerous challenges. They are often blocked by high implementation costs, which can run into the tens of millions of dollars for corporate businesses and enterprises. Other challenges include lack of technical skills and interoperability with existing systems.
What is Eumlet
Eumlet closes the gap between traditional finance rails and web3, allowing businesses to take advantage of the power of web3 while minimizing technical complexities and costs.
Eumlet bridges traditional finance rails and blockchain technology with a complex infrastructure enabling our users to access a comprehensive payments ecosystem. Users can send payments using a variety of stablecoins or stream payments in real-time. Businesses can access Eumlets’ infrastructure either through ‘Eumlet Online’, a Portal with a suite of business tools and features or via a range of Eumlets’ low code APIs that can be easily integrated and white-labelled. Our specialists can provide support and assistance for the integration to help you get up and running. Users can also access our mobile app which are available on both iOS and Google Play.
The Eumlet Infrastructure
With helping businesses onto web3 at the core of our tenet, Eumlet provides easy on-ramping directly from your bank account into your Eumlet account and vice-versa just as you would send money with your banking app today. This eliminates the need to be on a CEX, or having to use a credit card which often incurs high fees.
We remove the complexity of different blockchain technologies so businesses can focus on what they do best. Eumlet is technology agnostic, it enables cross-chain interoperability allowing users to send payments regardless of network. The range of stablecoins that are offered by Eumlet are USDT, USDC, EUROC, EURT & MXNT, with more coming soon, so users have one less thing to be worried about when sending payments. We go through a stringent process to ensure stablecoin ecosystems are secure, compliant and collateralized.
One of Sun Tzu’s famous quotes “ If you know the enemy and know yourself, you need not fear the result of a hundred battles “.
We know information is crucial to decision making. Businesses can use our analytical tools that help you better understand your accounts and treasury management. The data we gather is in accordance with data privacy laws and regulations.
The Eumlet DeFi service is available for all users. The funds in your Eumlet account will be earning interest from the yield pool of DeFi. Our yield sources are from reputable and mature protocols. We extensively analyze all yield protocols prior to integrating by using risk based machine learning algorithms that continue to analyze protocols in operation to ensure our users are safe and protected.
Who is behind Eumlet
Nauman Ali, CEO has spent over 20 years in the tech industry working across some of the largest projects across finance, retail, energy, gaming and many other verticals. Having spent 10 years at Microsoft and previously worked at Bank of England, UN, NATO and many financial institutions such as Credit Suisse, Bank of America Merrill Lynch, Deutsche Bank, among others. Using his knowledge and experience in navigating through the banking industry he has built and scaled some of the largest platforms in the world.
Guillaume Kieffer, CTO, spent 14 years working at Microsoft as a senior engineer and a database guru before starting his own IT consulting company. Enterprising and commercially astute, with extensive experience working with enterprise clients and IT partners across a diverse range of sectors from Banking, Automotive and Telecommunication companies such as Barclays, RBS, BNP, HSBC, Credit Suisse, Porsche, BMW, Vodafone to name a few
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