What it sells
Global neobank for emerging markets
Business model breakdown
Buyer: who owns the budget?
UnverifiedIndividual freelancers/remote workers in emerging markets (e.g. Nigeria) receiving USD from clients and platforms; also a Business tab for companies.
Trigger: what makes them buy now?
Need to receive USD/GBP/EUR payments from Upwork, Deel, Payoneer, etc. and hold or convert them without high fees or local-bank restrictions.
Workflow: what inputs become what output?
Open account, get USD/GBP/EUR account details, receive payments from clients or platforms, hold or save USD (up to 3% p.a. rewards), convert to local currency, transfer to local bank, or spend with a virtual USD card.
Economics: what it saves and how it charges
Fee-based: USD deposits 0.8% on ACH/FedNow (min $2, max $5), $10 wire deposit fee, $2 USDT/USDC deposit fee, GBP/EUR deposits 0.8% (min $2, max $10); plus card, transfer and conversion fees; interest/rewards on USD savings.
Distribution: how it reaches customers
Self-serve app signup, referral program ($5 per referral), ambassador and influencer programs.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2024 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.