Merlin Payment Solutions Inc., a financial technology company, provides an innovative digital wallet combined with an intuitive merchant redemption platform. Our unique, closed-circuit debit system offers real-time payment capabilities, account-to-account transfers, and seamless no-cost integration with most existing in-store hardware. If not compatible, our mobile-based platform ensures continuous transactions within the system.
Our compelling product has spurred a partnership with a top-tier US POS provider, embedding our offering in their merchant services. Merlin's system especially appeals to sectors where credit card processing lags, bypassing chargebacks on online transactions, courtesy of robust password or biometric-based security. Recently, we've also struck an agreement with an Asian-based processor, enabling remittance services from North America to Asia (specifically the Philippines and Malaysia).
Our revenue model relies on transaction fees, including Merchant Discount Rate (MDR), remittance transaction fees, and FX spread, projecting a lucrative path to revenue with our US partner by Q3 2024 and profitability by Q4 2024.
We're now opening up an exciting investment opportunity to help fuel our expansion and settle convertible debts. Your support would contribute significantly to Merlin's next growth stage as we continue redefining financial transaction efficiency and security worldwide.
Our Team:
Richard Bangyay (Founder/CEO) - Richard founded Merlin in May 2021 because there is no digital wallet offering in Canada. A peer-to-peer system is both fast and cost-efficient. Richard has a background in banking and technology. Richard's banking experience created the business requirements and the system design.
E. Glynn Shouldice (CFO) - Glynn is a Chartered Accountant by discipline. He also runs with his family the only private hospital in Ontario, Canada, founded by his grandfather in 1945.
Armin Sharifiyan (Lead Engineer) - Armin joined Merlin in March 2022 and created the system with Richard from the ground up.
Justin Leung (Lead Designer) - Justin is Merlin's head of design. His team oversees all UI/UX regarding Merlin's product.
Development Team:
Nasim Khodapanah
Kairavi Parmar
Mohammed Niaz Ul Haque
Design Team:
Kateryna Serzhenko
Liting Zhao
Ready to Ask For Funding for your company?
Post a Funding Request