RCA Pad
VELMVellum Protocol8,420 waitlistKITEKite Ledger2,190 waitlistPLSDPalisade ID1,640 waitlistNRTLNorthlineDay 8 of 14SABLSable RailDay 5 of 14QULLQuill MarketsDay 11 of 14CDWLCinder Well6,947 waitlistHRTNHartline8,787 waitlistOBSNObsidian Rail4,416 waitlistFENLFen Clearing1,060 waitlistLUMNLumen Books5,510 waitlistRDCTRedact ID6,485 waitlistHRBNHarbor NAV6,973 waitlistQLTDQuilt1,876 waitlistNMBMNimbus Match7,864 waitlistBRASBrass4,166 waitlistSLSTSolstice Credit9,342 waitlistWLTRWillow Transfer7,031 waitlistEMBREmber Registry2,487 waitlistNQAYNorth Quay2,013 waitlistKLNSKiln4,412 waitlistGLSHGlass HouseDay 8 of 14IRNPIron PierDay 1 of 14PLFRPale FireDay 3 of 14VELMVellum Protocol8,420 waitlistKITEKite Ledger2,190 waitlistPLSDPalisade ID1,640 waitlistNRTLNorthlineDay 8 of 14SABLSable RailDay 5 of 14QULLQuill MarketsDay 11 of 14CDWLCinder Well6,947 waitlistHRTNHartline8,787 waitlistOBSNObsidian Rail4,416 waitlistFENLFen Clearing1,060 waitlistLUMNLumen Books5,510 waitlistRDCTRedact ID6,485 waitlistHRBNHarbor NAV6,973 waitlistQLTDQuilt1,876 waitlistNMBMNimbus Match7,864 waitlistBRASBrass4,166 waitlistSLSTSolstice Credit9,342 waitlistWLTRWillow Transfer7,031 waitlistEMBREmber Registry2,487 waitlistNQAYNorth Quay2,013 waitlistKLNSKiln4,412 waitlistGLSHGlass HouseDay 8 of 14IRNPIron PierDay 1 of 14PLFRPale FireDay 3 of 14
Board

OSIP

In market
IN MARKETPayroll rails

Osier Mere

Heat 67. 108 asks this week. 0% of any raise comes here.

A dual-control drill is on paper. A named licensed party holds the liability. That is rarer than a waitlist.

Osier Mere — A routing layer in front of payment firms that already hold licences. One API picks the rail (SEPA, cards, local schemes) and can present a wallet-like checkout. The wallet is the interface. It is not a coin.

Live campaign. 3,953 on the product waitlist — that is demand, not an allocation.

They unpublish in an hour. They will not wait for your committee to finish reading.

Diligence, not a prospectus. RCA Pad does not allocate, take orders, or close funding. If this company raises, it raises with its own counsel.

Waitlist

0

Window

Closed

Heat

0/99

Inbound / wk

0asks

Asking now

0live

Named pilots

0

Redacted on the public page

Live nodes

0

Payroll adapters

Counsel hours

0

Singapore · counsel-named

Sentences killed

0

Before listing

Claims live

9/13

Growth

Our cut

0%

Of any proceeds

Plate Orbit · 5918

OSIP

The plate

Orbit. Edition 5918.

A unique plate for Osier Mere. Geometry, orbit, and edition belong to this company — no other listing on the board shares it.

OSIP · Singapore · Payroll rails

Score

0

Desk diligence

Pilots

0

Named, redacted

Waitlist

0

Product demand

HQ

Singapore

Licensed PSPs

Sells

Scheme-map

Scheme-map licence

Markets

0

Singapore

Years

0

Founded 2022

Surfaces

0

Payroll adapters

Complete

0

File readiness

The wedge

Scheme-map licence

They sell a night’s sleep to compliance — the AA layer stays a lab until counsel says otherwise.

Why the desk took it

A real job, not a ticker.

US was taken off the file in the first hour. That is adult.

Traction

3 named pilots (redacted).

Founded 2022, headquartered in Singapore. 3 named pilots on file (identities redacted in public). 3,953 on the waitlist, gated — product demand, not a book built. 21 nodes or connected surfaces reported. Desk diligence score 87/100. A named Singapore administrator who already signs the pack (redacted). Architecture says keys / title / NAV liability sit with a named licensed party — not Osier Mere.

Next 12 months

Live routing in one named scheme. Everything else is a slide.

Modulr and Lemonway sell the account. Osier Mere sells the router in front of accounts they already have. They sell a fee the customer already pays a slower vendor for. TAM is that invoice, not a token float.

The brief

How a serious reader should hold this.

Singapore is not a backdrop. It is the jurisdiction where a named customer can be sued, called, and asked a question on a recorded line. Osier Mere chose it for that reason. Counterparties who still think this is a ‘global’ story are already late.

Osier Mere exists because the incumbent brand will not staff the unglamorous middle of Payroll rails. The product is that middle. The token, if it ever exists, is not the product — and is not for sale here. The people in the queue already understood the difference.

The auditor of a redacted pilot has seen a dual-record. Switching away now means a new auditor conversation. That is the switching cost — not the logo.

From the screen

US persons are outside the audience. A form that asks “are you accredited?” without verification is not an exemption.

From the founder

The legal source of truth stays with the incumbent register, admin, or custodian. Osier Mere does not attest to its own facts.

From counsel

Fixed fee. Deposit to start. 0% of proceeds. Token-only pay is declined. Percentage of raise is declined.

The window

Miss this and you read the archive.

Attention is the scarce asset. 108 asks this week are already spending it.

Restricted markets stay dark. Named markets are live. That discipline is the scarce thing.

Read it once, properly, while the number is still green. Then decide.

Window

Closed

Closed. History only — not a place to buy.

Sentences killed
15
Counsel hours on file
45
Asks / week
494
Our cut
0% of proceeds

The waitlist is people who want the product. If they wanted a coin they would be on a different pad.

Ibrahim Santos, Chief executive

This company

Osier Mere

Open-source looks free until the auditor asks who attests. Osier Mere has an answer.

In the same conversation

  • Modulr
  • Lemonway
  • Checkout.com routing
  • Not a L2 payments coin

The bet

Why this company exists.

They sell a night’s sleep to compliance — the AA layer stays a lab until counsel says otherwise.

They sell a night’s sleep to compliance — the AA layer stays a lab until counsel says otherwise.

MiCA is forcing PSPs to choose a perimeter. Houses that will not become CASPs still need programmable checkout. The ones that pick software over a coin will buy this. The ones that want a token will be declined here.

PSP orchestration in Europe is a multi-billion software market. Buyers already pay for routing. A token would not make the invoice larger; it would make the licence harder.

Versus the field

L2 wrappers are cheaper. They are also a different perimeter — and declined here. Osier Mere is priced as software against an invoice that already exists.

Singapore being the city does not make local retail a default audience. Communications capable of inducing investment activity still have a promotions problem.

How it works

  1. 01Payer or merchant hits a single checkout API
  2. 02The router selects a licensed rail the PSP already runs
  3. 03Account-abstraction is an optional UX layer (currently testnet)
  4. 04Settlement lands in the PSP’s existing accounts — no new token
  5. 05Exceptions (chargebacks, scheme rejects) post back into the PSP’s existing case system
  6. 06Retail and unnamed geographies are structurally off the form, not only in the footer.

In the same conversation as

  • Modulr
  • Lemonway
  • Checkout.com routing
  • Not a L2 payments coin

If they raise

Where the money would actually go.

Not a token float. A budget against work. RCA Pad still takes 0% of proceeds.

  • Control environment

    30%

    Keeping the public story from running ahead of the claims register.

  • Second market

    25%

    Adapter work against the incumbent register, admin, or custodian.

  • Counsel & perimeter

    20%

    A counsel memo that can survive a later reader.

  • Claims & campaign ops

    25%

    Hiring the operator who already does this job at a licensed firm.

Operating week

What “in market” actually looks like.

  1. TueExceptionsOvernight breaks post back into the customer’s case system. No side book.
  2. ThuCustomerNamed pilot (redacted) sees the same record the auditor saw.
  3. SunOwnersWho can decide messaging and budget on a recorded line. If the answer is nobody, stop.
  4. MonClaimsEvery public sentence checked against the register. Anything extra is unpublished.

The wedge

Why this one, not the other one.

They sell
Scheme-map licence
Who pays
A named Singapore administrator who already signs the pack (redacted).
Unit economics
They sell a fee the customer already pays a slower vendor for. TAM is that invoice, not a token float.
Moat on file
A design-partner PSP that will not talk to a second vendor this year.
Switching cost
Scheme maps, ISO, LMA language, registry adapters — eighteen months of unglamorous work.
Vs the comps
Modulr and Lemonway sell the account. Osier Mere sells the router in front of accounts they already have.
Why we listed it
US was taken off the file in the first hour. That is adult.

Next twelve months

What has to be true.

Live routing in one named scheme. Everything else is a slide.

Architecture says keys / title / NAV liability sit with a named licensed party — not Osier Mere.

Capital would fund the adapter work and a named counsel memo, not a public sale.

Traction

What you can verify today.

Founded 2022, headquartered in Singapore. 3 named pilots on file (identities redacted in public). 3,953 on the waitlist, gated — product demand, not a book built. 21 nodes or connected surfaces reported. Desk diligence score 87/100. A named Singapore administrator who already signs the pack (redacted). Architecture says keys / title / NAV liability sit with a named licensed party — not Osier Mere.

  • Operating notes for Payroll adapters
  • No token contract listed as a public sale
  • Pilot letters on file, identities redacted
  • Singapore is the operating centre
  • The waitlist, if any, is a product list — not a book
  • RCA Pad does not take a cut of proceeds

Readiness

Six things a serious buyer asks. 100 is “ready to take to counsel and a customer.”

  • Product79
  • Customers96
  • Legal path84
  • Tech maturity94
  • Demand60
  • Market access90

Risks

What can kill it.

The one that actually kills it

The founder wants a public book

The moment Osier Mere asks this pad to allocate, sell, or complete funding, the listing ends. That is not a moral project. It is how a services firm stays a services firm.

Token temptation

If the wallet layer is ever described as a means of payment, the product becomes an e-money or CASP problem. This file treats that as a hard stop.

Perimeter

A supervisor can still read account-abstraction as issuing. Until counsel names the path, treat the AA layer as a lab.

Customer concentration

A handful of PSP design partners can stall the company if they slip. Ask who is paying, not who is ‘interested’.

United States

The US is out of scope on this file. That is deliberate. It also caps the TAM.

Scheme freeze

A card scheme can kill the router without talking to Osier Mere. Concentration in one scheme is existential.

Token relapse

A later round that wants a public token puts Osier Mere in a different perimeter. The file treats that as a hard stop.

Ask these next

  1. 01What happens if a founder later wants a public token?
  2. 02Which incumbent can copy this in a quarter, and what would they have to migrate?
  3. 03If RCA Pad disappeared tomorrow, could the customer still run the job?
  4. 04Who is the first named paying customer — not a letter of intent?
  5. 05Is the waitlist demand for a product, or a queue for a coin?
  6. 06Which geography is actually locked, and which is a hope?

Structure

How money would actually move.

If this company raises, it raises with its own counsel and providers. The waitlist is a product list. It is not a round, a book, or an allocation on RCA Pad. We do not take a cut.

Entity
Osier Mere Pte. Ltd.
Path on file
Singapore · counsel-named
Posture
No public sale
Pack
Growth

Where they can operate

Named vs off-limits.

Named markets are where a sentence is allowed. Restricted is where it is not. This is not a worldwide offering.

  • Singaporenamed
  • Hong Kong professionalnamed
  • United Kingdomnamed
  • Global publicrestricted

Team

Who runs it.

  • Ibrahim SantosChief executive

Stack

  • Payroll adapters
  • Payroll rails
  • Disclosure templates

Named with them

  • Northbridge Counsel

Who can decide

Ibrahim Santos came in named. The team is not a handle. Osier Mere Pte. Ltd. exists, founded 2022, headquartered in Singapore. Anonymity would have been an automatic decline.

A second counterparty writing into the record is the only network effect that counts. One customer is a consultancy. Two is a market.

Claims with evidence

Statements with evidence.

StatementEvidenceStatus
Osier Mere does not sell a token to the public on this padPosture locklive
The product is payroll rails sold to institutionsArchitecture + customer typelive
Payroll adapters is the method — not a listed assetDesk snapshotlive
Retail buyers are out of scopeNamed markets locklive
Any raise completes with the issuer’s counsel and providers — not on RCA PadFixed-fee termslive
Pilot identities redacted in publicNo board minutedraft
No public token is sold on this padEngagement terms + posture locklive
Customers contemplated: Singapore, Hong Kong professional, United KingdomNamed markets on the filelive

On the record

  1. Sprint packPackJun
  2. Counsel lockPathJul
  3. Claims register liveRegisterAug
  4. Creator briefBriefSep

Operating log

  1. 11 Sep 09:10

    Takedown SLA idle-tested.

  2. 08 Sep 11:40

    A claim held for missing evidence.

  3. 04 Sep 08:22

    Weekly report issued to the desk.

  4. 01 Sep 14:08

    Creator set on disclosure. No buy language.

Path to now

  1. Sprint

    Pack accepted

    Narrative, matrix, claims locked.

  2. Path

    Counsel names it

    Or the file stays not-offering.

  3. Live

    Campaign

    Waitlist and register. No purchase journey.

Not a subscription

This is not a sale page.

If this company raises, it raises with its own counsel and providers. The waitlist is a product list. It is not a round, a book, or an allocation on RCA Pad. We do not take a cut. Founders who want a pack like this one apply. Readers who want the company talk to the company — not to this pad.

Launch your own How an RCAICO works

Other companies

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