ORNG works with banks, fintech companies, and large businesses that need quick and easy payments. He said right now, each country has its own way of handling fast money transfers but the platforms they use don’t always work with the platforms other countries use. This can cause a headache and financial delay — similar to how those small businesses had to wait days for the university to pay them.

“Our method brings all these systems into one easy-to-use API,” Parmley said, adding that this means businesses can handle payments worldwide through one platform. “We’re not just making things faster; we’re making them simpler. Stripe increased the GDP of the internet; we want to increase the cash flow.”