Flagright, a leader in AI-native transaction monitoring and AML compliance solutions, is excited to announce HitPay as its newest customer.

HitPay, a pioneering all-in-one payment platform for SMEs, is integrating Flagright’s advanced security technologies to ensure its innovative payment solutions remain secure and compliant as they expand their services across Southeast Asia and beyond.

HitPay, trusted by over 15,000 businesses, unifies online, point-of-sale, and B2B payments into a single, integrated payment processing system. HitPay earned a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing them to broaden their services to include merchant acquisition and money transfers. This significant milestone underscores HitPay’s commitment to providing secure and efficient payment solutions for SMEs.

Aditya Haripurkar, Co-Founder and CEO of HitPay, expressed his enthusiasm about the collaboration:

"Partnering with Flagright is a crucial step in reinforcing our commitment to security and compliance. Flagright’s cutting-edge transaction monitoring and AML compliance solution will enhance our ability to protect our customers' transactions and ensure compliance with stringent regulatory standards. As a fellow Y Combinator company, we share a common vision of leveraging technology to drive innovation and security in the financial sector. This collaboration ensures that HitPay continues to set the benchmark for secure and efficient payment processing."

Flagright’s state-of-the-art AI technology and user-friendly, no-code platform will enable HitPay to seamlessly implement comprehensive compliance and fraud prevention measures. This partnership reflects both companies’ dedication to providing innovative and secure financial solutions for SMEs.

Baran Ozkan, co-founder and CEO of Flagright, commented:

"We are thrilled to support HitPay, a leader in the payment processing industry and a fellow Y Combinator company. Our collaboration reflects our shared commitment to enhancing security and compliance in financial services. We look forward to supporting HitPay’s mission to provide secure and seamless payment solutions for SMEs across Southeast Asia and the globe."

About Flagright

Flagright is an AI-native, no-code platform for transaction monitoring and AML compliance. It enables financial institutions to centralize detection, investigation, and reporting of suspicious activity, streamlining regulatory workflows and strengthening financial crime controls. By replacing fragmented systems, Flagright helps reduce false positives by 93% and lower compliance costs by 80%, thereby setting the modern standard for financial crime compliance.

About HitPay

HitPay is a comprehensive payment platform designed for SMEs, offering a unified solution for online, point-of-sale, and B2B payments. Recently awarded an MPI license by the Monetary Authority of Singapore (MAS), HitPay continues to expand its services across Southeast Asia and globally. With a commitment to security, innovation, and compliance, HitPay empowers over 15,000 businesses, helping them process payments efficiently and securely.

Learn more about HitPay here: HitPay.