The financial OS for Vietnamese exporters
Get paid from London today.Not next Thursday.
DrakonPay turns every cross-border invoice into a one-click payment link. Your UK or EU buyer clicks, authorizes with their bank, and the money lands in your Vietnamese account the same day — at one percent all-in, not four.
Built by ex-Visa · Powered by Circle Payment Network · Supervised under UK FCA framework
The Problem
The way Vietnam
gets paid is broken.
Every year, Vietnamese exporters ship nearly half a trillion dollars of goods to the world. And every year, they lose billions to payment infrastructure built in the 1970s, for people who aren't them.
Days to settle
SWIFT payments drag through correspondent bank chains. Your container ships in hours. Your money takes a week. Your workers still need to be paid. The wait becomes your working capital problem.
Hidden cost
Banks bury their FX margin in the exchange rate. On £400,000 a month in export revenue, that's £12,000 quietly walking out the door. Every month. For a fee structure you never agreed to and rarely see on a statement.
Manual reconciliation
Payment references arrive mangled. Your accountant matches invoices by hand. Your MISA books trail two weeks behind the bank statement. Every cross-border payment becomes an admin task, not a transaction.
We built DrakonPay because this was unacceptable.
And because it was finally possible to fix.
The Solution
One link. One click.
Same-day settlement.
We rebuilt cross-border payments for the way Vietnamese exporters actually work. You send a link. Your buyer pays in thirty seconds. The money lands in Ho Chi Minh City before lunch — at one percent all-in, with your accounting auto-reconciled, your Red Invoice auto-generated, and your buyer one click away from paying you again next month.
How it works
From invoice to bank account
in four steps.
No wire forms. No reference numbers to transcribe. No mysterious delays. Just four steps, the same way every time.
Create the invoice
Enter the invoice in your DrakonPay dashboard — amount, currency, buyer email, payment terms. Or upload a PDF and we extract the details automatically. Under a minute.
Send the payment link
DrakonPay generates a branded checkout link for your buyer. Send it by email, WhatsApp, Zalo — whatever your buyer actually reads. The link looks like yours, not a bank's.
Buyer pays in one click
Your buyer opens the link, sees the invoice, taps Pay, and authenticates with their bank via Open Banking. Under thirty seconds. No signup. No wire form.
Money lands in Vietnam
We convert through regulated stablecoin rails and settle to your Vietnamese bank account the same day. Invoice marked paid. MISA updates automatically. Red Invoice generates itself.
Powered by Circle Payment Network, ClearBank, and the UK's Open Banking framework.
The Difference
What a £50,000 payment
actually costs you.
The same invoice, the same buyer, the same bank on the other end. Two different ways of getting it done. Here's the math.
A thousand pounds saved on a single invoice.
Across a year of exports, it's a new hire. Across ten years, it's a second factory.
The Product
More than payments.
DrakonPay is one product with one dashboard. Your payments, your treasury, your accounting, your working capital — built for the way a Vietnamese export business actually runs.
One-click checkout
A branded payment link your UK or EU buyer pays in thirty seconds via Open Banking. No wire forms, no account creation, no transcribed reference numbers.
USDC treasury
Hold dollars directly, without a US bank account. Protect yourself from VND depreciation. Convert to dong the moment you need it, at the mid-market rate.
MISA accounting sync
Every payment auto-reconciles to its invoice. Every Red Invoice auto-generates on receipt. Your bookkeeper spends their week on strategy, not matching numbers.
Live FX transparency
Every transaction shows three rates: mid-market, DrakonPay, and what your bank would charge. Every saving itemized. No hidden spreads, not now, not ever.
Receivables financing
Advance up to 80% of confirmed buyer invoices the moment you ship. Bridge the gap between shipment and payment terms. Working capital, on demand.
Vietnamese-first support
Every screen authored natively in Vietnamese. WhatsApp and Zalo notifications. Phone support in Hanoi business hours. A team that understands Vietnamese business culture.
vs. The Alternatives
How we compare.
We measured ourselves against every cross-border payment option a Vietnamese exporter realistically considers.
| DrakonPay | Traditional bank | |
|---|---|---|
| Settlement speed | Same day | 2–5 days |
| All-in cost on £50K | ~1.0% | 2–4% |
| Invoice creation & sending | ✓ | — |
| Buyer checkout link | ✓ | — |
| MISA integration | ✓ | — |
| Red Invoice automation | ✓ | — |
| USDC treasury | ✓ | — |
| Receivables financing | ✓ | Case-by-case |
| Vietnamese-first UX | ✓ | — |
| Batch VND payouts | ✓ | Manual |
We're not trying to be cheaper than generalists on every line. We're built for what banks don't understand: the corridor, the language, the accounting, the financing, the buyer experience.
Built for
If your business sells to Europe
from Vietnam, this is for you.
Furniture and homeware exporters
Your factory ships containers to UK retailers, French distributors, and German importers. You invoice monthly. You wait weeks. DrakonPay replaces your entire outbound invoicing process with a link, and gives you back your margin.
Coffee, cashew, and agricultural exporters
Commodity pricing is tight. Every basis point of FX matters. Every day of settlement delay is inventory you can't buy. DrakonPay gives you same-day dollars and the treasury tools to hold them until you need the dong.
Textiles, footwear, and manufacturers
Hundreds of small invoices, dozens of buyers across Europe, a reconciliation workload that consumes a full-time employee. Our buyer checkout, automatic reconciliation, and MISA sync give your accounting team their week back.
Not on this list? If your Vietnamese business sells to the UK or EU, we should talk.
Every corridor we have opened started with a single conversation.
Built by
Why I'm building this.
I was born in Vietnam. I studied in Poland and the United Kingdom. I worked at Visa Consulting and Analytics in London, working on payments strategy for European banks. I built a creator-economy company called Swayze which ranked 3rd place on the App Store. I serve on the board of VYBE — the Vietnamese Young Business Association in Europe — and I co-founded the Vietnamese Global Founders Fund.
Every Vietnamese founder I know has the same quiet complaint. Their business lives in Vietnam. Their customers live abroad. Their payment infrastructure lives in the 1970s. I have watched a factory owner in Bình Dương lose forty thousand pounds in a quarter to FX spreads she did not know existed. I have watched a coffee exporter in Buôn Ma Thuột wait six days for a hundred-and-twenty-thousand-pound shipment to clear.
This problem is solvable. The regulatory window is open — Vietnam's Digital Technology Industry Law recognized stablecoins as property in January of 2026. The infrastructure is ready. The trade is booming — UK to Vietnam grew nineteen percent last year alone.
— Phi Long Bui, Founder & CEO
Regulated and Secure
Built on the most trusted
financial infrastructure in the world.
DrakonPay is not a crypto startup in disguise. We are a regulated, UK-based financial technology company operating under a real regulatory perimeter.
UK-regulated at the source
DrakonPay operates under the regulatory perimeter of our EMI partner, authorized by the UK Financial Conduct Authority. Your money is held in segregated client accounts, ring-fenced from DrakonPay's own balance sheet.
Licensed settlement end to end
Our stablecoin settlement runs on Circle Payment Network — fully reserved, fully audited, backed one-to-one by US Treasuries. Our Vietnamese off-ramp operates under the Ministry of Finance sandbox established by Decision 96 of 2026.
Institutional-grade KYB and monitoring
Every exporter onboarded through Sumsub with native Vietnamese document support. Every transaction screened in real time against global sanctions, PEPs, and adverse media lists. We are not cutting corners. We cannot afford to.
The Vision
A payments company today.
The financial backbone of
Vietnamese trade tomorrow.
DrakonPay starts with the most painful problem: getting a Vietnamese exporter paid by their UK or EU buyer, cleanly, quickly, and cheaply. That is our wedge. That is not our ceiling.
Over the next three years, we expand into receivables financing, treasury products, embedded credit, trade insurance, FX hedging, and corridor expansion — from Vietnam to the Philippines, to Bangladesh, to Cambodia, to every emerging market that today waits two days for a transfer that should take seconds.
What Stripe did for internet companies, what Mercury did for American startups, what Wise did for remote workers — we do for the factory owners, the coffee farmers, the textile mills, and the software studios that export the work of Vietnam to the world.
Join the first fifty exporters.
We are onboarding our founding cohort of Vietnamese exporters through Q2–Q3 2026. Early partners receive bespoke pricing, founder-level support, and a permanent seat at the table for what we build next. The list is short. The relationships are long.