Savy
Companies are hiring globally but current payment rails do not serve low- & middle- income countries well.
We envision a world which all employees and workers, regardless where they are based, shall receive fair share of what they have earned and access to banking services.
Savy offers embedded payment solution using transformative rails for organizations to pay global talents faster, cheaper and more transparent.
Remote talents based anywhere in the world (esp for low and middle income countries) can get paid faster and at a lower cost, and hence improve their living standards in their local countries and support their families.
We are a team of deep domain expertise in cross border payment. We have strong network in local payment operators as we have partnered with them before in our career.
- Make it easier and more affordable for individuals and MSMEs to make investments and transfer payments, across geographies and across different types of platforms
- United States
- Pilot: An organization testing a product, service, or business model with a small number of users
3 strategic partners with 15 remote workers.
Regulatory aspects
- Business Model (e.g. product-market fit, strategy & development)
- Legal or Regulatory Matters
We are disrupting the traditional SWIFT remittance system by building our new rails using stablecoins.
We will help 1 million remote workers to get paid real time at low cost in countries including Argentina, Brazil, Mexico, Ukraine, Africa and South East Asia.
- 8. Decent Work and Economic Growth
- 10. Reduced Inequalities
No. of companies onboarded and no. of headcount of remote workers onboarded.
No. of transaction and volume of transaction processed.
Remote talents shall have fair share of what they have earned no matter where they are based. If they are provided with easy access of payment infrastructure with low cost, they can bring back higher portion of the money to their own country and families to support economic growth and other opportunities for their close ones.
Blockchain and stablecoins.
- A new application of an existing technology
- Blockchain
- United States
- United States
- For-profit, including B-Corp or similar models
We are a highly diverse team with ethnicity of East Asia, South Asia, and Latinx. We have 1 female founder and 2 male founders. The team has lived in more than 10 countries before. Diversity is close to our heart and we start from the very beginning when we form the founder team.
SaaS, transaction fee and interchange fee
- Organizations (B2B)
We are currently raising a pre-seed round.
Our product generate 75% margin based on our unit economics.
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