What is Layer2 Financial?
Layer2 Financial is a regulated payments infrastructure platform that lets payment companies, fintechs, and neobanks launch modern money-movement products quickly through a unified API and dashboard. It provides core capabilities for onboarding customers (including retail users in and outside the U.S.), managing KYC data, opening and closing accounts, and handling statuses such as FROZEN or CLOSED for tighter operational control. A client dashboard and a white-label onboarding app enable teams to run day-to-day operations or spin up their own customer flow without building everything from scratch. (Rail)
On the money-movement side, Layer2 supports U.S. rails like Fedwire and ACH (both push and pull via open banking), plus international wires over SWIFT for inbound and outbound USD. It has expanded local payout options in multiple jurisdictions (e.g., INR, EUR, CAD), and ships quality-of-life features like readable deposit memos, inline fee models (flat or percentage) across transfers, deposits, withdrawals, and exchanges, and sandbox tools to simulate incoming wires for testing. (Rail)
The platform exposes APIs for counterparties (with jurisdiction-specific fields), market and quote-based exchange flows, and webhook subscriptions for real-time events across customers, accounts, and transactions—backed by a multicustodial approach that distributes assets across multiple banks and digital-asset custodians for resilience. Together, these components form an end-to-end foundation for building faster, cheaper, and more transparent payment experiences. (Rail)
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