Littio
Littio provides users with digital dollar and euro accounts featuring US and European bank details for receiving funds via ACH or IBAN. The platform allows users to hold foreign currency, earn rewards on balances, and transfer funds internationally or to local bank accounts. Users can also access an international Mastercard for global purchases with low fees.
- Applications
- Financial Technology
- Software Only
Funding
Raised to date
$4.5MRaised 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
Individuals and businesses in emerging economies face challenges in accessing stable, USD-denominated banking services, hindering their ability to participate in the global economy. Traditional financial systems often impose high fees and complexities on international transactions, limiting financial flexibility and growth opportunities.
Solution
Littio provides a USD-denominated account, accessible via a mobile application, that enables users in Latin America to receive, store, and transact in U.S. dollars. Users gain access to their own U.S. account details, facilitating seamless international transfers and payments. The platform also offers a Mastercard debit card for spending in USD or EUR, both online and internationally, without incurring foreign transaction fees. Littio further allows users to invest in U.S. Treasury bonds, providing a means to earn returns on their capital in a secure, USD-denominated asset.
Target Audience
Littio primarily targets individuals, freelancers, entrepreneurs, travelers, and migrants in Latin America who require access to USD-denominated banking services for international transactions, savings, and investments.
Features
- USD-denominated accounts for receiving and storing funds
- International Mastercard debit card for fee-free spending in USD and EUR
- Option to invest in U.S. Treasury bonds with returns up to 4.0% EA
- Ability to receive payments from platforms like PayPal, Wise, and Payoneer
- Local currency top-ups via PSE, Nequi, or Botón Bancolombia
- Transfers to local bank accounts in Colombia, Mexico, Argentina, Chile, and Peru
- International transfers to any bank in the U.S. or worldwide
- Instant transfers to other Littio users or blockchain addresses
- Multi-currency support for holding capital in stable and secure currencies
- Integration with Tributi for streamlined tax declaration processes
- End-to-end encryption and blockchain-recorded transactions for enhanced security