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Neil Ambikar

Founder of B2BPay.co
Joined May 2019
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B2B PayB2B Pay was edited byNeil AmbikarNeil Ambikar
June 5, 2019 8:59 am
Article  (+1032 characters)

B2B Pay is a FinTech company the offers virtual bank accounts for non-resident companies personalized for the business. Since the foundation (2016) B2B Pay offers an average 80% cheaper rate for business transactions from Europe to the rest of the world.

Concept of B2B Pay

If a company is not based in Europe collecting payments there is a bureaucratic procedure that takes 3-4 business days. With the help of B2B Pay, virtual bank accounts can be opened in one day with unique IBAN number that helps the company collect international B2B Payments. This European virtual bank account is linked to the home country’s bank account. It let’s non-resident businesses accept payments from 35 EU countries and the payments arrive in one business day instead of 3-4 like in traditional banking services.

Industries that can use services of B2B pay

Creating virtual bank accounts are offered for

corporate industry,

education,

SMEs-,

Goverment-,

Importers & exporters-,

E-commerce traders,

IT and Outsourcing companies and

NGOS as well.

Companies  (+1 rows) (+3 cells) (+48 characters)

Company
CEO
Location
Products/Services

B2B Pay

Neil Ambikar

Opening virtual Bank accounts

Further reading  (+4 rows) (+17 cells) (+494 characters)

Title
Author
Link
Type
Date

Crypto Bank account

Web

January 31, 2019

How to make SEPA payments

Web

May 22, 2018

How to optimise your payment gateway to increase profits by 10%

Web

August 24, 2017

We make 80% reduction in fees in international payments.

B2B Pay

Web

March 24, 2019

Documentaries, videos and podcasts  (+4 rows) (+8 cells) (+344 characters)

Title
Date
Link

B2B Pay Founder pitch at Barclays Techstars demo day London

B2B Pay presentation at Nordea bank investor day

B2B wins exec pitch competition:

Related Topics  (+1 topics)
Timeline  (+4 events) (+423 characters)

January 2, 2017

Series D

In January 2th 2017 B2B Pay raised €196K on non-equity assistance funding type. Investors include Tekes, Techstars and Nordea Accelerator.

May 2016

Series C

May 12th, 2016 B2B Pay raised €50K as Non-equity assistance.

March 1, 2016

Series B

In March 1th 2016 B2B Pay raised a second seed funding from Techstars, Barclays Accelerator.

January 5, 2016

Series A

In January 6th, 2016 B2B Pay has received €20K as the first angel seed funding from Nestholma.

Blockchain Bank accounts
was created byNeil AmbikarNeil Ambikar
"Initial topic creation"
June 4, 2019 8:34 am
Deactivated Topic
was edited byNeil AmbikarNeil Ambikar
June 4, 2019 8:32 am
Topic thumbnail

Virtual Bank Accounts

Virtual Bank Accounts, in another name Digital Bank Accounts, were made to make processes easier, especially for export businesses. It means that every banking transaction, opening bank accounts, making a transaction, checking balances can be made virtually.

Article  (+2388 characters)

In 2019 constant development of technology makes possible for more business to operate globally and for more people to work remotely. More people work while traveling as a lifestyle which makes them difficult to collect their or their businesses payments easily.

The freelance economy is booming, with 56.7 million Americans doing freelance work at the end of 2018--up by 3.7 million since 2014. That represents one-third of American workers. In addition, more and more people have online businesses.

Opening bank accounts are difficult and time-consuming if you're not living in the same country you do your business. Now you can find several options if you want to take your banking online but many of them are expensive and takes days to open and transfer money through.

In case of a good virtual bank account you or your company needs to go through a screening process after filling the necessary papers but unlike traditional banking processes it can be done in few minutes only. After that you should get an online surface where you can initiate the same transactions as in case of a regular bank account, including, checking balance, foreign and domestic transfers, collecting payments etc.

With a virtual bank account, you get the exact same services without the costs and complexity of setting up a traditional European bank account. For example, if you just want to collect payments in Europe you don't need internet banking, bank statements, audit reports and all the other optional features the bank would like to sell you. In case of B2B Pay virtual bank account your transfers can go in a bulk transfer that helps you save a lot on the exchange rates and makes your transfer in one business day. That's almost 80% cheaper than opening a regular bank account.

With a virtual bank, you get a safe infrastructure for secure transactions, regulated in the same way a normal bank is. The same EU rules and regulations apply, so your funds are safe. Another advantage is that virtual banks work with multiple banking networks simultaneously which means you multiple banks working for you in one. The best the world of banking has to offer today is a Virtual Bank Account with a free virtual IBAN.

At B2B Pay you can get the exact same processes as in case of a traditional bank account, however the fees and the transaction time are divided by three or in certain cases even four.

Companies  (+1 rows) (+3 cells) (+48 characters)

Company
CEO
Location
Products/Services

B2B Pay

Neil Ambikar

Opening Virtual Bank Accounts

Further reading  (+8 rows) (+32 cells) (+803 characters)

Title
Author
Link
Type
Date

Bank Account with Business Rules

Web

July 31, 2017

How to open a bank account in Australia

Web

June 17, 2017

How to open a bank account in Canada

Web

June 17, 2017

How to open a bank account in Hong Kong

Web

June 12, 2017

How to open a bank account in the USA

Web

June 17, 2017

Open European Bank Account Online

Web

June 8, 2017

Opening Virtual Bank Account

Web

January 14, 2016

What is a digital Bank account

Web

October 12, 2017

Documentaries, videos and podcasts  (+2 rows) (+4 cells) (+195 characters)

Title
Date
Link

B2B Pay Virtual Bank Accounts Founder pitch at Barclays Techstars demo day London

Infobox
Deactivated Topic
was created byNeil AmbikarNeil Ambikar
"Initial topic creation"
June 3, 2019 8:04 am

Deactivated Topic

Bitcoin ArbitrageBitcoin Arbitrage was edited byNeil AmbikarNeil Ambikar
June 3, 2019 7:39 am
Topic thumbnail

Bitcoin Arbitrage

Bitcoin Arbitrage is the financial act of using different platforms for buying Bitcoin cheaper and sell it in a higher price

Article  (+3168 characters)

Arbitrage is a trading method where we buy a coin from any exchange that has the lowest price of the currency in the market and selling the coin in an exchange with a much higher value. The main reason for this price difference among different exchanges is because the prices of a coin are dependent on the last trade. As there are a different number of people on different exchanges with different preferences thus the prices vary too.

For example, if the price of BTC is $4000 in exchange A and $4500 in exchange B. We can buy 10 BTC from exchange A which gives us a value of $40000 total. Now we selling these 10 BTC on exchange B. We get a total value of $45000. This is a profit of $45000-$40000= $5000.

In financial investing, arbitrage refers to the simultaneous buying and selling of the same asset or security on different exchanges to profit from price differentials on these exchanges.

For example, if the price of an asset is trading at $100 on exchange A and at $98 on exchange B, an investor can purchase the asset for $98 on exchange B and then immediately sell it for $100 on exchange A to generate an effectively risk-free profit of $2. This is the concept of arbitrage trading.

Bitcoin arbitrage is usually not a suggested investment strategy. It's a high risk type of investment. Infrastructure is developing continuously but it's not ready yet for easy exchanges. For trading with bitcoin and for gaining significant profit a big amount of investment is needed.

The cost of currencies can differ widely in different countries. These value differences give possibility to people to use it to their advantages in case of Bitcoin too. Basically, Bitcoin is bought in a smaller exchange rate and sold in a higher exchange rate right after.

The best countries for Bitcoin Arbitrage are usually the developing countries as they have the smallest prices.

For example Brazil provides a really good market for bitcoin arbitrage. So far bitcoins are subsumed under the general class of "intangible goods" but without any proper identity. Intangible property that is worth money. In Brazil, cryptocurrencies are similar to shares. But being intangible goods they are not subjected to import tax or other customs duties.

Another example is Colombia, which is ranked 7th in terms of Bitcoin trade. In the past years, Colombia has witnessed a growth rate of bitcoin trade which makes it a very fertile ground for Bitcoin arbitrage.

Arguably the second most developed country in Southeast Asia after Singapore is Malaysia that is a growing ground for bitcoin arbitragers. There are a number of good platforms in Malaysia like Luno where investors can easily buy and sell Bitcoins and earn profit through arbitrage.

...

All in all since Bitcoin exists just like in case of foreign exchange companies playing with the exchange rates for profit is common. However, it's a risky investment strategy. The infrastructure is not ready for fast exchanges and that can eat up the whole profit and cause loss real quick as exchange rates are continuously changing and websites are not always working. Moreover, in case of bitcoin arbitrage additional fees might appear in every website.

Companies  (+1 rows) (+3 cells) (+41 characters)

Company
CEO
Location
Products/Services

B2B Pay

Neil Ambikar

Further reading  (+3 rows) (+14 cells) (+348 characters)

Title
Author
Link
Type
Date

Best countries for bitcoin arbitrage

B2B Pay

Web

May 14, 2019

Best exchanges for Bitcoin Arbitrage

B2B Pay

Web

May 6, 2019

Crypto Bank account

Web

January 31, 2019

Documentaries, videos and podcasts  (+1 rows) (+2 cells) (+29 characters)

Title
Date
Link
Categories  (+3 topics)
Bitcoin ArbitrageBitcoin Arbitrage was created byNeil AmbikarNeil Ambikar
"Initial topic creation"
May 31, 2019 8:22 am
Bitcoin Arbitrage

Bitcoin Arbitrage

Bitcoin Arbitrage is the financial act of using different platforms for buying Bitcoin cheaper and sell it in a higher price

International e-commerce paymentsInternational e-commerce payments was edited byNeil AmbikarNeil Ambikar
May 29, 2019 4:48 am
Topic thumbnail

International E-commerce International E-commerce payments

Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

Article  (+1 videos) (+1600 characters)

E-commerce is the act of buying and selling goods and services and collecting payments through the internet. International E-commerce is the same transaction but between separate countries.

The history of E-commerce begins with the first ever online sale: on the August 11, 1994 a man sold a CD by the band Sting to his friend through his website NetMarket, an American retail platform. This is the first example of a consumer purchasing a product from a business through the World Wide Web—or “E-commerce” as we commonly know it today.

Since then many of the e-commerce companies started to utilize this way of trading globally. However, for them bringing their product or service to an international level and collecting payments globally is a time consuming and bureaucratic process that can eat up the profit. For International E-commerce, banking presence in the given country is required and regulations are strict. Virtual Bank Accounts make this process easier and cheaper and with their help more products and services can be introduced globally.

The biggest pain points in International E-commerce payments are the exchange rates, banking-, transfer fees, and time. If traditional bank accounts are created in a country transfer and exchange fees remain high and transfer can take 3-4 days. Virtual bank accounts can save up to 80% on the fees and exchange rates using bulk transfers.

How to create Virtual Bank Account in Europe for Non-European residents:

The growing tendency of Global E-commerce shows the needs for the different banking products, like virtual bank accounts offered to them.

Companies  (+1 rows) (+3 cells) (+96 characters)

Company
CEO
Location
Products/Services

Neil Ambikar

Virtual Bank Accounts, International payment solutions

Further reading  (+2 rows) (+9 cells) (+246 characters)

Title
Author
Link
Type
Date

B2B Pay helps you in global Arbitrage

B2B Pay

Web

May 23, 2019

Virtual Bank Accounts for International payments

Web

March 14, 2017

Infobox
International e-commerce paymentsInternational e-commerce payments was created byNeil AmbikarNeil Ambikar
"Initial topic creation"
May 28, 2019 8:17 am
International e-commerce payments

International e-commerce payments

Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

B2B PayB2B Pay was edited byNeil AmbikarNeil Ambikar
" "
May 1, 2019 10:48 am
Topic thumbnail

B2B Pay

Blockchain company Virtual banking

B2B PayB2B Pay was edited byNeil AmbikarNeil Ambikar
May 1, 2019 10:06 am
Infobox
Accelerator
Nordea
B2What
Company Legal Name
B2B trade payment services AB
Date incorporated
January 2, 2016
Number of employees
10
Golden logo