Payr is assembled, not built from zero. It owns the brain and rents or sources everything else — from Zuba, from Atlas, from partners, from the network. Here is exactly what comes from where.
The API, the ledger / treasury engine, netting, the take-rate logic, the orchestration. This is Payr itself — the only part that isn't sourced.
The registrations that make moving money legal — send-side (Canada / FINTRAC, via Zuba) and the licensed local endpoint (Morocco, via Atlas).
Collection accounts, FX, the stablecoin on/off-ramp, the transport layer — the send-side pipe Zuba has built.
The licensed local landing — per country, who drops money into accounts and wallets. Morocco & North Africa via Atlas; sub-Saharan via partners.
| Component | Sourced from | What it is |
|---|---|---|
| The brain | Payr (build & own) | API, ledger, treasury, netting, take-rate, orchestration, reconciliation — the owned intelligence layer |
| Send-side rail | Zuba | Collection (virtual accounts EUR/GBP/USD), FX, the stablecoin transport, global send corridors |
| Send-side licence | Zuba | Canadian FINTRAC MSB registration — the B2B money-movement wrapper, already in place |
| Compliance core | Zuba | KYB, sanctions, AML program on the send-side — built, not rebuilt |
| Morocco / N-Africa endpoint | Atlas (Ryad) | Licensed acquiring switch + 180-bank network + MAD off-ramp + local pay-out + merchant distribution + scheme certs |
| Stablecoin on/off-ramp | BVNK / Bridge-type partners | Fiat ↔ stablecoin conversion at each end — rented plumbing, never rebuilt (~10 bps) |
| Sub-Saharan payout | pawaPay-type partners | Mobile-money pay-out across the rest of the continent — partners, not competitors |
| Distribution & first customers | Ryad network | London–Africa network + the Morocco ecosystem (Zazu, Rafinya, Chari) + the 2030 hospitality/creator wedge |
| The vertical playbook | Proven by TurnStay-type peers | Own the full stablecoin lifecycle for a vertical, don't just resell a rail — the model we apply |
Collect anywhere · convert · transport on stablecoin · the FINTRAC wrapper · global compliance. The pipe across the world.
The API clients call · the ledger · netting · the take-rate · orchestration. Built once, owned 60/40.
Off-ramp · the licensed switch · the 180-bank network · merchant rails · the last mile. The endpoint nobody else can build.
Neither side has to build what the other already holds. Zuba doesn't build a Moroccan licence it can't get; Ryad doesn't rebuild a send-side rail Zuba already runs. Payr is the one new thing — the brain in the middle — and it's owned together. Atlas stays a Ryad asset, serving Payr as a supplier; Zuba's rail powers the send-side under the same umbrella. Build once, own the corridor.