Meru
Meru provides a digital multi-currency banking platform that lets users open USD and EUR accounts in minutes using only their national ID, from anywhere in the world. The platform consolidates saving, sending, receiving, paying, and investing into a single app, with instant 24/7 transfers, a physical and virtual Visa card, and flexible deposits via bank transfer, PIX, cash, or cryptocurrency. Users can also access DeFi investments and a self-custodied crypto wallet supporting over 2,000 tokens.
- Financial Technology
- Blockchain & Cryptocurrency
- Software Only
- Web3 & NFTs
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Traditional banking services often impose high fees, currency conversion costs, and geographic restrictions that limit individuals and businesses from managing money across borders efficiently. Inflation and limited access to stable foreign currencies further erode savings in many regions, while fragmented financial tools make it difficult to handle personal and business finances in one place.
Solution
Meru provides a digital multi-currency banking platform that enables users to open a dollar or euro account in minutes using only their national ID, from anywhere in the world. The platform consolidates saving, sending, receiving, paying, and investing into a single application, eliminating traditional banking fees and currency conversion surprises. Users can make instant transfers 24/7, pay via QR codes, and use a physical or virtual Visa card for global purchases. The service also supports flexible deposits through bank transfers, PIX, cash, or cryptocurrencies, and offers access to DeFi investments and a wide range of crypto assets. Funds are protected and insured at all times, and cash withdrawals are available through MoneyGram in over 200 countries.
Target Audience
Primary users are individuals and business owners in Latin America and other inflation-affected regions who need a stable multi-currency account for saving, sending, receiving, and investing globally without traditional banking barriers.
Features
- Multi-currency account in USD and EUR with instant account opening via national ID from any location
- Instant domestic and international transfers processed 24/7 with competitive exchange rates
- Physical and virtual Visa card with freeze/unfreeze controls, spending limits, and real-time notifications
- Flexible deposit options including bank transfers, PIX instant payments, cash, and cryptocurrency deposits
- DeFi investment platform with attractive dollar-denominated yields, real-time performance tracking, and penalty-free withdrawals
- Self-custodied crypto wallet supporting Bitcoin, Ethereum, and over 2,000 tokens with full user control
- QR code payments for in-store and peer-to-peer transactions
- Global cash withdrawal network via MoneyGram covering more than 200 countries and territories