Alltrad is on the campagne of a potential growth story in the financial services industry, according to CEO and founder Sam Gwynne.
The startup is on a trajectory to be valued at $2bn (£1.2bn) by the end of 2021, with the first round of funding expected in the next few months.
Alltras financial product has already been adopted by major banks such as Barclays, Lloyds and RBS.
Gwynnes new startup, Alltrant, aims to be the first financial platform in the world to offer direct payment to users.
The service is available in the UK, Ireland, the US, Australia and New Zealand.
The idea behind Alltrants financial product is to make payments faster and easier for people.
The system will offer users direct payments via bank transfer, mobile app or website.
The platform will also allow users to use their existing accounts to make direct payments to other users, without using any additional funds.
Glynnes new service has been designed to take advantage of the fact that consumers and businesses can’t currently make direct financial transactions without a bank account.
This makes it a convenient alternative for people to make payment on a daily basis without having to have a bank in the first place.
Gwyne said the platform would also allow financial institutions to provide the financial service to their customers, without having a bank as the primary intermediary.
The new system is expected to help businesses to provide better services to their users and also reduce the time spent waiting for a transaction to clear.
Glynnne told TechCrunch that Alltrans financial product will be able to handle an average of 1,000 transactions a day and the platform will offer customers an instant online cashout option.
This option will allow users and businesses to pay a fee to the service provider and then transfer funds to their accounts from there.
Gynnes new platform will be compatible with many financial services platforms and has already received positive feedback from banks, which are looking at the company.
Gyssons co-founder Matt Williams said that he hopes to see Alltrand’s financial service launch by the middle of next year.
“We have always been keen to help our clients to build the fastest, safest, and most reliable financial product ever built,” Williams said.
All Trant will also offer a direct cashback service which will give customers a 20 per cent discount on purchases made with their Alltrany.
The company’s service will be available in all US states and will be a one-time fee of $25.
The fee will be applied to the purchase of a bank transfer account.
Gydhren also said that the company is working on a new product that will allow the payment of any transaction from one of its customers to another.
This product will allow for a more secure, private and anonymous way of payment.
Gyrnes team are currently looking at many different ways of making payments with the company’s new platform, including the possibility of building a mobile app for the service, as well as using the company as a payments platform for other payment services.
Gywynnes co-founders Sam Gynn and Matt Williams will present their company’s financial product to the financial industry at the industry’s largest technology conference in Las Vegas, which will take place from 10th to 15th December.
The conference is expected have over 600 people attending the event.