Runa

Runa enables individuals and businesses to pay and get paid by anyone, anywhere, instantly.

Categories

Financial and Banking  

GB United Kingdom

Country

Summary

Runa is pioneering a first-of-its-kind payment rail capable of sending and accepting digital value at scale. With Runa, companies can pay the people they serve in any form of digital value, anywhere, instantly.

Legacy payment mechanisms struggle to adapt to low-volume, high-velocity transactions both locally and globally, such as sending payouts to gig workers, creators, or sending rewards to customers or employees wherever they are.

Runa’s infrastructure and network facilitates payouts to these recipients, helping businesses expand their reach, retain their users while modernizing the way in which they manage and transfer money: instantly, internationally, and free of charge for the senders and the recipient.

Operating in more than 30 countries and 18 currencies, hundreds of leading companies rely on Runa to power instant, flexible global payouts including Sodexo, TopCashback, Perkbox, Vodafone, Coinbase and Globetopper.

We are committed to providing a hiring and working experience in which all people feel they are equally respected and valued regardless of race, religion, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.


History

Runa was founded by Aron Alexander in 2016 as WeGift - an innovative, API-driven gift card platform trusted by some of the world’s largest companies.

WeGift made it easy for businesses to instantly deliver digital gift cards to boost customer loyalty, spur employee engagement, disburse funds and much more.

WeGift expanded quickly, developed a network of 1,300+ brand partners and worked with some of the world’s largest and most-influential companies to enable powerful reward and incentive experiences.

In 2023, it became Runa, a digital value infrastructure that enables people to pay and get paid by anyone, anywhere instantly. With Runa, organizations can issue, send, hold and accept digital value and enable the instant conversion & exchange of digital gift cards, shares, crypto, donations and other digital assets.

Headquartered in London with remote employees based across Europe and North America, the Runa team has experience building innovative, sector-creating companies including Rapyd, Tango Card, Monzo, and Freetrade.


Mission

The mission of Runa revolves around pioneering an innovative payment rail system that redefines the way digital value is sent and received, enabling companies to effortlessly pay individuals in any form of digital value, regardless of their location, and in real-time.

Traditional payment methods often struggle to adapt to the demands of low-volume, high-velocity transactions, which are increasingly common in today's gig economy and global business landscape. Runa's infrastructure and network are specifically designed to facilitate seamless payouts to gig workers, creators, customers, and employees, ensuring that businesses can expand their reach, enhance user retention, and modernize their financial operations. Importantly, this is achieved without any fees for both senders and recipients.

Runa operates in over 30 countries and supports 18 currencies, making it a trusted partner for hundreds of leading companies, including Sodexo, TopCashback, Perkbox, Vodafone, Coinbase, and Globetopper. The company's commitment to diversity and inclusion is also evident in its dedication to providing an inclusive hiring and working environment, where all individuals are treated with respect and valued, regardless of their background, ensuring equality and fairness for everyone.


Vision

The vision of Runa is to transform the landscape of global payments by pioneering a revolutionary payment rail system that transcends geographical boundaries and simplifies the exchange of digital value. At its core, Runa envisions a future where traditional barriers in the financial world are dissolved, and individuals and businesses can effortlessly send and receive digital value in any form, anywhere, and instantaneously.

Runa recognizes the limitations of legacy payment mechanisms, especially when it comes to handling low-volume, high-velocity transactions that are increasingly prevalent in the modern digital economy. The company's vision is to provide an alternative, more efficient, and cost-effective solution for businesses to pay gig workers, content creators, customers, and employees, regardless of their location. By doing so, Runa aims to empower businesses to expand their global reach, retain users, and modernize their financial operations.

Crucially, Runa's vision encompasses making financial transactions not only faster but also more inclusive by removing barriers and fees, ultimately fostering financial empowerment for individuals and businesses alike. The company operates with a commitment to diversity and inclusion, ensuring that all people, regardless of their background, are equally respected and valued. In essence, Runa's vision is to create a more accessible, borderless, and equitable financial ecosystem for everyone, where digital value flows effortlessly and enhances the way individuals and businesses manage and transfer money on a global scale.


Key Team

Aron Alexander (CEO, Founder)

Brendan Miller (CMO)

Julie Oey (VP Finance)

Louis Badcock (CPO)


Products and Services

Runa FX (Foreign Exchange): Runa FX facilitates foreign exchange transactions, allowing businesses and individuals to exchange digital value between different currencies quickly and efficiently.

Runa Send: Runa Send enables instant and secure cross-border payments, making it easy for businesses to send digital value to recipients worldwide, regardless of their location.

Runa Network: Runa Network forms the backbone of Runa's infrastructure, serving as a pioneering payment rail system that powers various financial transactions and exchanges.

Payout Link: Payout Link is a versatile solution that streamlines the payout process for businesses, ensuring that payments to gig workers, content creators, and others are swift and hassle-free.

Gifting: Runa's gifting solution allows businesses to offer digital value in the form of gift cards and other incentives to customers, enhancing customer engagement and loyalty.

Loyalty Cashout: This feature enables individuals to convert their loyalty rewards and points into digital value, providing greater flexibility in managing and using rewards.

Incentives and Rebates: Runa provides businesses with tools to create incentive and rebate programs, promoting customer retention and encouraging spending.

Mass Payouts: Runa's mass payout service simplifies the process of making bulk payments, such as payroll and vendor payments, ensuring accuracy and efficiency.

Solutions for Merchants and Network Partners: Runa offers tailored solutions for merchants and network partners, allowing them to integrate Runa's payment rail system into their platforms and enhance the payment experience for their customers.

Discounts: Runa may provide discounts or cost-effective payment options for businesses and individuals, helping them save on transaction fees and costs associated with digital value transfers.

Runa
Leadership team

Brendan Miller (CMO)

Julie Oey (VP Finance)

Louis Badcock (CPO)

Industries

Financial and Banking

Products/ Services
Payment Services, Financial Services, Incentives, Rewards, Compensate Services, Reimbursements, Payouts, FinTech, Digital Gift Cards, Gift Cards
Number of Employees
100 - 500
Headquarters
1st Floor, Buckhurst House, 42-44 Buckhurst Avenue, Sevenoaks, Kent, TN13 1LZ
Established
2016
Company Type
Public Limited Company
Company Registration
09281949
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Thu Apr 25 2024
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