
Zenobia Pay recently launched!
Founded by Ryan Prendergast & Theodore Li
Hey everyone! Meet Ryan and Teddy, co-founders of Zenobia Pay.
Founders Ryan Prendergast and Theodore Li started Zenobia Pay with a mission to make it 3x cheaper to transact online, bypassing the senselessly high credit card interchange fees that aren’t normal anywhere outside the US.
Zenobia Pay enables luxury brands to accept pay-by-bank and avoid fraud, chargebacks, and credit card fees.
Online credit card payments are expensive and rife with fraud. Fees account for 3+% of transaction volume, and high-ticket items account for more than a third of the 100 million annual chargebacks in the US.
With Zenobia Pay, payments cost only 1%, clear instantly, and are protected with a fraud chargeback guarantee. Customers link their bank to their own hardware, where it’s stored locally in a secure enclave. Merchant sites never see sensitive tokens or account numbers.