Get the latest tech news
Cross-border fintech stands out in Y Combinator’s Winter 2024 cohort
One of the trends among Y Combinator’s Winter 2024 batch of nearly 30 fintech startups is how to more easily move money globally.
Similar to Numo, Cleva provides a U.S. bank account where users, even those who are non-residents, can receive funds and then convert them into their local currency. Alabi said that one of the drivers for the startup was the fact that about 70% of people in Nigeria lost their wealth last year due to currency devaluation. Swift’s first product is an instant deposit API for brokerages and digital banks that is already running on Venmo, Zelle and FedNow.
Or read this on TechCrunch
