Ingo Money

Ingo Money, which presents itself publicly as Ingo Payments, provides modular payments and embedded banking infrastructure for financial institutions, fintechs and consumer brands. Its platform covers instant payments, consumer account funding, transfers, bill payment, mobile deposit, Pay Anyone P2P and real-time digital disbursements, routed to and from accounts held in a customer's wallet.

Core platform components include an immutable cloud ledger providing real-time balances and reconciliation, a configurable compliance workflow engine handling customer onboarding, velocity and fraud monitoring, sanctions screening, alerts and reporting, network-direct least-cost transaction routing, transactional risk management spanning fraud screening, account verification, risk underwriting and zero-fraud-liability offerings, and an administrative back-office console for payment flow, customer and compliance management. The company states that artificial intelligence is applied to compliance, risk management, orchestration and customer service workflows. Connectivity options range from embedded APIs to fully hosted customer experience platforms. Ingo also operates a consumer-facing check cashing service through the Ingo Money app at ingomoneyapp.com.

Business model

Ingo supplies payments and embedded banking infrastructure to business clients, which integrate its APIs or use hosted experiences to move money on behalf of their own customers; Ingo also assumes complex licensing requirements on behalf of partners and offers zero fraud liability solutions. A consumer check cashing app is offered directly to end users.

Traction

The website reports over 240 employees and more than 25 years in business, and features client and partner testimonials from Self Financial, ACI Speedpay, Kickfin and Securely.