For all businesses here, would you rather receive instant Cross Border Payments for a small premium or wait 2 days for a little better rate?
#ycombinator#YC#Ripple#Sharktank
At Settle, we’re building a 24/7 FX & Payments Infrastructure with Embedded lending that helps Financial Institutions settle cross-border transactions instantly — any currency, any size, anytime (even weekends)—without pre-funding or waiting for banks to open.
(Basically, we can process transactions when Fedwire doesn't operate.)
@paulg@jesslivingston We just locked one of GCCs largest Remittance company(Moves 20% of volume) as a pilot client for Non-Banking hours FX settlements(Even when Fedwire doesn’t operate).
At Settle, we’re building a 24/7 FX & Payments Infrastructure with Embedded lending that helps Financial Institutions settle cross-border transactions instantly — any currency, any size, anytime (even weekends)—without pre-funding or waiting for banks to open.
(Basically, we can process transactions when Fedwire doesn't operate.)
https://t.co/xvtMTl14sE
Upgraded to X(Premium) just to reply with the entire content
I have the Idea, MVP, team, and a large Pilot customer.
We’re building a 24/7 FX and Payments Infrastructure with Embedded lending that helps Financial Institutions settle cross-border transactions instantly — any currency, any size, anytime(even weekends)— without pre-funding or waiting for banks to open.
We just locked a large Remittance player (Moves 20% of GCC’s remittance volume) as our pilot customer to solve Non-Banking hours FX treasury Movement for them.
Wanna chat?
We are building a company who's revenue and relevance will only grow with time.
At Settle, we’re building a 24/7 FX and Payments Infrastructure with Embedded lending that helps Financial Institutions settle cross-border transactions instantly — any currency, any size, anytime(even weekends)— without pre-funding or waiting for banks to open.
We just locked a large Remittance player (Moves 20% of GCC’s remittance volume) as our pilot customer and we're on track to be the first company in the GCC operating institutional FX infrastructure during non-banking hours.
If interested to talk, you just need to like the comment and I will take that as a hint to dm you
Yesterday, @RailFinancial (B2B Stablecoin Payments) signed a definitive agreement to be acquired by Ripple for $200M.
4 years ago, @themistry1 and I set on a mission to speed up business-to-business global payments using USDC. Over the last 6 months, we grew to become ~ 10% of B2B global stablecoin settlement volume. With Ripple, we will further accelerate our shared mission.
Thank you to our employees, clients, investors and partners for taking an early bet on us. A few that Tarun and I want to callout:
- The entire @RailFinancial team for their relentlessness & hard work
- @avlok (CEO at @AngelList) - our first lead investor & part of the founding team
- @gokulr - immensely helpful during some of our early crucible moments
- @mgiampapa1 (GP at @galaxyhq ) - for taking the bet on us in the series A
We’re excited to start our new chapter with @Ripple, once all regulatory approvals go through.