Mana
Mana provides a financial app for global Filipinos, combining a US dollar account, a Visa card, and high-yield savings. Users can earn 3.5% APY on USD balances and send money to the Philippines free at the real mid-market exchange rate. The platform is FDIC-insured through a partner bank and supports instant card use with Apple Pay and Google Pay.
- Financial Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Filipino freelancers earning in dollars and overseas Filipino workers (OFWs) face a fragmented financial life split between the US and the Philippines. They encounter high remittance fees, hidden FX markups, opaque terms, and limited access to US banking services, which erodes their earnings and complicates supporting family back home.
Solution
Mana provides a financial home for global Filipinos through a single app that combines a real US dollar account, high-yield savings, and a globally accepted Visa card. Users can hold USD, earn 3.5% APY on their Save balance with no lock-up or minimum, and send money home free at the real mid-market exchange rate, ensuring families receive exactly the amount sent. The platform is designed to simplify cross-border finance, offering FDIC-insured banking services through a partner bank (Member FDIC) and a Visa card issued by a card partner, all managed from one interface. Mana positions itself as built by immigrants for immigrants, specifically addressing the pain points of high fees and opaque terms that reduce what workers earn across borders.
Target Audience
Primary customers are global Filipinos, specifically freelancers earning in dollars from international clients and OFWs working abroad who need to support family in the Philippines.
Features
- Real US dollar account with banking services provided by a partner bank (Member FDIC), with eligibility for FDIC insurance up to $250,000 per depositor
- Save feature offering 3.5% APY on USD balances, fully liquid with no lock-up and no minimum (a yield feature on the USD wallet, not a deposit account, and not FDIC-insured)
- Visa card that works globally, issued by a card partner, for spending in USD and abroad, with 1-3% cashback on select merchants and instant addition to Apple Pay and Google Pay
- Free remittances to the Philippines at the real mid-market exchange rate with no hidden FX markup, so recipients receive exactly what is sent
- Account opening is free with no monthly fees or minimums, and verification can be completed in minutes using a Philippine ID (driver's license, passport, Voter's ID, PhilSys ID, or postal ID)
- Dedicated product pages for freelancers and OFWs, plus an educational blog covering remittance costs, exchange rates, and cross-border financial planning