Loula provides a unified platform for businesses to send, receive, convert, and pay globally using USD and USDC. The service enables faster cross-border payments than traditional banking, offering transparent currency conversion between ARS, BOB, and USD. Businesses can unlock working capital and finance imports by making timely payments to international suppliers.
Funding
$250K 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
Traditional payment systems often lack the flexibility to provide employees with immediate access to earned wages, especially in multiple currencies, creating delays and potentially incurring high conversion fees. Existing solutions may also compromise user control and security by not offering self-custodial options.
Solution
Loula provides a payment platform that enables businesses to offer their employees instant access to earned wages through a secure, self-custodial digital wallet. The platform supports multi-currency transactions, including USD, USDC, and ARS, with low commission rates and transparent exchange rates. By leveraging biometric authentication and a self-custodial design, Loula ensures that users maintain complete control over their funds while facilitating seamless currency conversions and transfers across banking systems and wallets. The platform aims to simplify international payments and provide financial flexibility for a global workforce.
Target Audience
Loula primarily targets businesses looking to provide their employees with flexible and immediate access to earned wages, particularly those with international operations or employees who require multi-currency payment options.
Features
- Multi-currency digital wallet supporting USD, USDC, and ARS
- Real-time currency conversions with transparent exchange rates and low 1% commissions
- Self-custodial wallet design, ensuring user control over funds
- Biometric authentication (Fingerprint or FaceID) for enhanced security
- USD accounts for receiving payments from employers or buyers in the US
- Fast transfers across banking systems, countries, and wallets
- Secure Enclave Protection
- Available on both Google Play and the App Store