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CompanyProfile

Move money securely,

seamlessly with one

integration

ISO/MLS contact:
stra Inc. was founded in October 2016 by
Gil Akos and Sam Morgan, modern finance Sam Morgan
executives who believed in the power and COO & Co-founder
A potential of advanced, automated technolo-
gies. Observing a need for a full stack money movement sam@astra.finance
platform with risk mitigation, anti-fraud and accelerated
settlement capabilities, the co-founders set out to create 440-668-3522
an infrastructure that supports financial transfers at a https://astra.finance/
market competitive price.
"Our mission is to increase the efficiency of the financial
system for all by mapping the financial graph and auto- ditional coordination required between employer
mating the movement of funds through it," Morgan said. or payroll provider. These funds transfer routines
"Our technology is designed for all so that any two ac- from old to new accounts remain in place until de-
counts can be connected and leverage automation to en- activated.
sure more automation and less manual management in • Secure ACH transfers: Confidently move funds
personal finance." backed by fraud detection and prevention, automat-
ed balance checking, and healing for returned or
Morgan recalled that Astra launched its Automated Bank failed transfers. Users are protected from fraud and
Transfer API in 2021, and subsequently entered into nu- return codes and can reliably send large sums of
merous strategic partnerships with leading fintech firms, money between their accounts – default fast (some-
including Daylight, Dwolla, Unifimoney, Overflow and times in just one business day and up to $25,000 per
Purple Financial. In addition, he noted, Astra launched transaction).
a mobile-friendly web app that enables users to manage
their Astra profile quickly and easily from any device. Built for security, speed
Developers can also use the web app for authorizations Designed to remove friction, delays and uncertainties
and graceful fallbacks to facilitate customer onboarding from money movement, Astra solutions eliminate cum-
in multiple web environments, he added. bersome balance reconciliation processes and use inte-
Full stack APIs grated anti-fraud to prevent lost funds, Morgan stated.
He also pointed out that Astra solutions facilitate fast and
Morgan characterized Astra's Automation as a Service of- accurate funds transfers without return codes or transfer
fering and full stack API as its primary differentiators, failures.
stating that the SaaS provides clients, partners and resell-
ers with competitively priced, essential infrastructure. "By working across the payments ecosystem, with ISOs,
He also noted that the full stack API provides developers MLSs and other payments enterprises,
with a lightweight integration that facilitates funds trans- Astra forges symbiotic partnerships, especially with com-
fers between depository accounts, either on demand or panies that receive or originate funds transfers," Morgan
using prebuilt automations such as round ups or sweeps. said. "Astra's orchestration technology benefits these or-
He cited the following additional products and services: ganizations, eliminating any worry about return code
• Peer-to-peer transfers: Utilize peer-to-peer trans- errors or fraudulent transfers. Partners can instead focus
fers within a mobile app enhanced by Astra's set- on other aspects of their operations or differentiating fea-
tlement improvements and risk mitigation for B2B tures for their products."
and B2C bank-to-bank transfers. As he looked ahead to Astra's near-term product road
• Fund new customer accounts: Leverage the Astra map, Morgan indicated the next big releases will be all
API to connect and fund existing user accounts and about payment rails. After spending years developing
create one-time, recurring or automated transfers complex financial automations that leverage the ACH
through the same API. network and successfully completing millions in trans-
• Instant direct deposit shipping: Instantly set up fers, we're going to open them up to even faster payment
recurring transfers from existing user accounts to rails like push-to-debit and RTP, which are coming later
new accounts, moving up to $25,000 with no ad- this year, he stated.
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