Moovha is a fintech platform that offers South African users dual‑currency accounts in USD and ZAR, allowing deposits via cash vouchers, bank transfers, or USDC and earning continuous interest on balances. It provides instant, fee‑transparent currency swaps, free peer‑to‑peer transfers, low‑cost cross‑border payments, and a Visa‑compatible virtual or physical card for global spending, all accessible through WhatsApp or a mobile app.
Funding
Funding not disclosed
Founders
Product
Problem
Many South Africans lack access to traditional banking services that offer multi-currency accounts, low‑cost cross‑border transfers, and interest‑bearing balances, leading to high fees, currency risk, and limited financial flexibility.
Solution
Moovha provides a fintech platform that lets users hold, save, and earn yield on USD and South African Rand without needing a bank account. Users can deposit funds via cash vouchers, bank transfers, or USDC from a Base wallet, then automatically earn interest that accrues every second. The service enables instant swaps between USD and ZAR at transparent rates, and supports free Moovha‑to‑Moovha transfers. Money can be sent locally, to Zimbabwe (1.5% fee), or as USDC to crypto wallets, and withdrawn via cardless ATM cashouts or spent through a Visa‑compatible virtual or physical card accepted worldwide. The platform is accessible through WhatsApp or a mobile app, offering a simple, low‑fee experience with clear pricing and regulatory compliance under South Africa’s FSCA.
Target Audience
Moovha targets South African individuals and families who need multi‑currency savings, frequent cross‑border remittances, remote workers paid in crypto, and travelers seeking easy currency conversion without a traditional bank.
Features
- Dual‑currency accounts in stable USD and South African Rand with no minimum balances or monthly fees
- Automatic yield applied continuously to balances (e.g., 5.2% APY for USD, 7.8% APY for ZAR)
- Instant, fee‑transparent swaps between USD and ZAR at real‑time rates
- Free peer‑to‑peer transfers within Moovha and low‑cost cross‑border payments (e.g., 1.5% to Zimbabwe)
- Cardless ATM cashouts and a Visa‑compatible virtual/physical card for worldwide online and in‑store spending
- Multiple deposit methods: OTT vouchers at retailers, cash, bank transfers, and USDC from a Base wallet
- WhatsApp‑first interface plus a mobile app for transaction tracking and account management