BigPay is a financial services app that provides users with a prepaid card and expense tracking features, enabling seamless local and international transactions. The platform offers competitive exchange rates and budgeting tools, addressing the need for efficient money management and cost-effective spending for Southeast Asians.
Funding
$100M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals in Southeast Asia lack access to convenient and cost-effective financial tools for managing their money, tracking expenses, and making international transactions. Traditional banking solutions often involve high fees and unfavorable exchange rates, making it difficult for users to control their spending and budget effectively.
Solution
BigPay is a mobile financial platform that provides users with a prepaid Visa card and a suite of budgeting and expense-tracking features. The platform enables seamless local and international transactions with competitive exchange rates, empowering users to manage their finances more efficiently. By automatically tracking and categorizing expenses, BigPay offers a clear overview of spending habits, helping users stay within budget. The app also facilitates easy money transfers to friends and bill splitting, streamlining everyday financial interactions.
Target Audience
BigPay primarily targets individuals in Southeast Asia who are looking for a convenient, transparent, and cost-effective solution for managing their money and making transactions, especially those who travel frequently.
Features
- Prepaid Visa card for online and offline transactions worldwide
- Real-time expense tracking and categorization for budgeting
- Competitive foreign exchange rates for international spending
- Local and international bank transfers directly from the app
- Bill splitting feature for shared expenses
- Earning AirAsia points on every payment