Aeropay

Aeropay is a pay by bank network that provides open banking and account-to-account payment infrastructure to businesses across the United States. Founded in 2017 and headquartered in Chicago, the company builds bank connectivity and payment-processing tools that let firms move money directly between bank accounts rather than through card networks. Its technology covers ACH, Same-Day ACH and Real-Time Payments, alongside AI-powered fraud prevention and risk management.

The product line is divided into four components. Aerosync handles bank connectivity; Pay processes bank payments; Payout delivers instant payouts; and Guard applies AI to risk prevention. The network reaches more than 12,000 banks, and Aeropay reports payment approval rates exceeding 90% and processing costs roughly 50% lower than those of traditional card payments.

Aeropay sells into a range of sectors, including gaming, specialised retail, e-commerce, marketplaces and subscription businesses. Named partners include PrizePicks, Caesars, Bally's and Worldpay. Engineering work spans open banking, account-to-account payment rails and the bank connectivity APIs on which the products depend.