Esca
About Esca
Esca provides an autonomous currency management system that enables businesses in emerging markets to automatically convert local currency revenues into foreign currencies, mitigating the risks of currency volatility. By offering high-yield savings accounts and facilitating cross-border payments without the need for local entities, Esca helps businesses retain revenue and streamline international transactions.
```xml <problem> Businesses in emerging markets face significant challenges due to local currency volatility, hindering their ability to retain revenue and engage in seamless cross-border transactions. Traditional methods of currency conversion and international payments often involve complex procedures, high fees, and the necessity of establishing local entities, adding to operational overhead. </problem> <solution> Esca provides an autonomous currency management system designed to automatically convert local currency revenues into stable foreign currencies, mitigating the risks associated with volatile markets. The platform offers businesses high-yield savings accounts in both local and foreign currencies, enabling them to earn interest while protecting their assets from devaluation. Esca facilitates cross-border payments to over 112 countries through named corporate accounts, eliminating the need for local entities and streamlining international transactions. By automating currency hedging and providing access to global banking services, Esca empowers businesses to retain revenue, increase profit margins, and operate more efficiently in emerging markets. </solution> <features> - Automatic conversion of local currency revenues into G3 currencies based on user-defined preferences - High-yield savings accounts offering up to 20% APY on local currencies and up to 7% APY on foreign currencies - Cross-border payment capabilities to over 112 countries via named corporate accounts - Access to competitive exchange rates, up to 3% below market rates, with limit and forward order options - Multi-currency accounts that eliminate the need for local entities in each jurisdiction - Integration with Fixed Deposits and Pass Notes for principal-protected local currency investments - Decentralized finance (DeFi) techniques, such as staking and market making, to generate yield on foreign currencies </features> <target_audience> Esca primarily targets businesses operating in emerging markets that seek to mitigate currency volatility, retain revenue, and streamline cross-border payment processes. </target_audience> <revenue_model> Esca generates revenue through a combination of transaction fees on currency conversions, interest rate spreads on savings accounts, and fees for cross-border payment services. </revenue_model> ```
What does Esca do?
Esca provides an autonomous currency management system that enables businesses in emerging markets to automatically convert local currency revenues into foreign currencies, mitigating the risks of currency volatility. By offering high-yield savings accounts and facilitating cross-border payments without the need for local entities, Esca helps businesses retain revenue and streamline international transactions.
Where is Esca located?
Esca is based in Dublin, Ireland.
When was Esca founded?
Esca was founded in 2022.
How much funding has Esca raised?
Esca has raised 258465.
Who founded Esca?
Esca was founded by Shalom Osiadi.
- Shalom Osiadi - Founder
- Location
- Dublin, Ireland
- Founded
- 2022
- Funding
- 258465
- Employees
- 10 employees
- Major Investors
- Techstars