Pay suppliers, contractors and partners from one account in Canada, with the balance, the payment and the record of it on one platform.
A payout is the outgoing side of an account: payments leaving your company to somebody who is owed them. Incoming payments arrive on details you published; payouts go the other way, against details belonging to the party being paid. Everything below is about that direction.
Two things sit behind payments out, and the difference matters. Payouts are funded from a currency balance the company owns; funds reach it either from your own accounts or through an IBAN account with details of its own.
The balance payouts are paid out of, funded by the company itself. See currency accounts.
Details clients and platforms pay into, so funds arrive in time to pay out later. See IBAN accounts.
Funds sit across separate providers, so nobody can say what is available to pay out at any given time.
Reconciliation is manual: payouts are matched to invoices by hand, because the export lost the reference each payment was sent with.
Conversion cost is folded into the rate rather than shown beside it, so the real payment cost appears afterwards.
Payouts leave with no visible status, so each time somebody asks where a payment is, the answer is a guess.
Fenryx is a digital finance platform and payment account provider. The solution is deliberately plain: hold funds in the currencies you already work in, pay out of the balance that holds what the payee invoiced, and keep payouts, statuses and exports in one platform. A global solution here means the rails below, not a promise about every destination.
Apply online, send documents remotely. Every account opens through KYB.
Details of your own, so clients fund the balance your payouts come from.
Convert between balances so payouts leave in the invoiced currency. See multi-currency accounts.
Payments out over SEPA, SWIFT or internally, beneficiaries saved for
next time.
Payouts move through Pending, Processing and Finished, so the answer is on screen each time.
One user prepares payouts, another releases them. Pending ones sit at Waiting for approval.
Transaction detail, comments and references survive into the export.
People on the platform who can see the payment you are asking about.
Invoices are paid out of the balance already holding that currency, so payouts do not start with an unplanned conversion.
A monthly run to the same people, saved beneficiaries, and a second pair of eyes each time payouts are released.
Revenue share to partners, payouts carrying the reference that tells them which period they cover.
Card and marketplace settlements arrive, and supplier payouts and refunds go back out of the same balances.
Approvals recorded against payouts, and one export reconciling payments out against payments in.
Tell us who you pay and where.
The company and owners are verified.
Balances, users and access configured.
Fund the balance, add a payee, send a payment.
Follow each payout to Finished.
Export the period, references intact.
| Item | For your account |
|---|---|
| Payout fee | Quoted per account, shown before you confirm |
| Incoming payment fee | Quoted per rail |
| Currency conversion | Rate and cost shown before you confirm |
| Payout limits | Set at onboarding, reviewed over time |
| Currencies | Agreed per account |
| Settlement timing | Depends on the rail and the receiving institution |
Set at onboarding rather than published as one price list, because rails, currencies and payout limits follow what a company actually pays out.
Registered legal entities only. We do not open personal accounts, and payouts run from a company to its counterparties rather than between individuals.
Eligibility depends on business type and jurisdiction, on where a company pays out, and on the outcome of KYB review. Screening applies to payouts throughout, not only at onboarding.
A summary. See our AML Policy.
A company paying counterparties it knows, in currencies it already earns in, that wants balances, payouts and reconciliation on one platform rather than three.
A company whose payouts are one narrow corridor at scale is often better served by a specialist there. Where payouts must reach destinations outside the rails above, another solution belongs in the mix.
From a currency balance the company holds and has funded. An IBAN account is how third parties pay you; the currency account is what payouts are paid out of. Most companies run both.
Yes. Payouts are funded from the balance behind them, so funds are in place first. We do not advance funds against a pending payout run.
It depends on the rail payouts travel and on the receiving institution, so we publish no timings. The platform gives you a status on each payout rather than an estimate that may not hold.
Yes. Users get the rights they need, so one prepares payouts and another releases them. Anything waiting stays at Waiting for approval until an authorised user acts.
Once payouts have left, recall depends on the rail and on the receiving side agreeing to return the funds. That is why approvals sit before payments go out.
Payouts go to the company's counterparties, contractors included. What we do not operate is a payroll service, and each beneficiary is subject to the same checks as the account.
No. A payout reaches an account the beneficiary holds, identified by IBAN or by local details, rather than a card number. Push to card is not part of this service, so a supplier who offers only that will need to provide account details instead. Card rails and payout rails are separate systems, and what runs here is the second one.
No. Card issuing is not part of what this global payouts solution does, and there is no business card on offer here. Where a card is genuinely needed for spending, that stays with your bank, and the outgoing payment side runs from the balances you hold with us.
Tell us who your business pays out to, and in which currencies.
Fenryx is operated by Globally United Tech Corporation, a money services business registered with FINTRAC in Canada, Vancouver, BC. Payout availability, currencies and limits depend on business type, jurisdiction and KYB review. Settlement timing depends on the rail and the receiving institution.