Peanut facilitates instant peer-to-peer (P2P) money transfers across international borders using digital dollar equivalents. The platform enables users to send and receive funds rapidly without relying on traditional banking intermediaries. This service provides a streamlined solution for cross-border remittances and digital currency exchange.
Funding
$21.8M 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.
FFSVSCFounders
Product
Problem
Traditional cross-border payment systems are often slow, incur significant fees, and require extensive identity verification, creating friction for individuals and businesses needing to transfer funds globally. This complexity limits the speed and accessibility of international peer-to-peer transactions.
Solution
Peanut facilitates instant, fee-free peer-to-peer payments across 140+ countries using digital dollars, euros, and cryptocurrencies. The platform integrates self-custodial wallets with regulated banking and compliance partners, ensuring secure and private transactions. Users can send and request funds rapidly without mandatory Know Your Customer (KYC) procedures for most operations, leveraging Passkey authentication for asset control. This approach streamlines global remittances and payments, making them accessible and efficient.
Target Audience
Individuals and businesses requiring fast, low-cost international money transfers, particularly those utilizing self-custodial digital asset wallets.
Features
- Peer-to-peer payment initiation via digital dollars, euros, and select cryptocurrencies.
- Global transaction capability across 140+ countries.
- Zero-fee transaction model for all supported currencies.
- Instantaneous fund transfer processing.
- Self-custodial wallet integration with Passkey authentication (Face ID, Touch ID, passcode) for user control.
- Optional, feature-gated KYC process, minimizing friction for standard transactions.
- Secure integration with regulated banking and compliance partners.
- Support for sending/requesting funds via WhatsApp, phone number, or QR code.
- Real-time customer support accessible 24/7.