Theodore Li

Achievements

• Theodore Li is a co-founder of Zenobia Pay, a fintech company focused on enabling luxury brands to accept pay-by-bank transactions and reduce payment processing costs.
• Zenobia Pay was founded by Theodore Li and Ryan Prendergast with the mission to make online transactions three times cheaper by bypassing high credit card interchange fees, particularly in the US.
• The platform allows merchants to process direct bank transfers at a 1% fee, compared to the typical 3% for credit cards, and provides instant clearing and a fraud chargeback guarantee.
• Zenobia Pay emphasizes security by storing sensitive banking information locally on customer hardware using secure enclaves, ensuring merchant sites never access account numbers or tokens.
• Theodore Li is sometimes referred to as 'Teddy' in company communications.