Polar
Polar provides a U.S. dollar account for freelancers, remote workers, and international earners outside the U.S., enabling them to receive USD from 50+ platforms and convert funds to local currency in 120+ countries at competitive exchange rates. The platform also offers a USD savings feature with 2-6% APY, paid out every second, with no lockups or fees.
- Financial Technology
- Blockchain & Cryptocurrency
- Software Only
Funding
Raised to date
$500KRaised 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
Founder details are not available yet.
Product
Problem
Freelancers, remote workers, and other individuals outside the U.S. often face high fees, poor exchange rates, and slow transfer times when converting USD earnings from platforms like Upwork or U.S. employers into their local currency. Traditional banking options frequently require a U.S. address or Social Security number, limiting access for global earners.
Solution
Polar offers a U.S. dollar account in the user's name, allowing them to receive USD from 50+ payroll providers, freelancing platforms, and payment apps, as well as direct USDT or USDC transfers. Users can convert and send funds to bank accounts or mobile money in 120+ countries at competitive exchange rates, or transfer USDT/USDC to a crypto exchange for even better rates. The platform also enables users to keep part of their earnings in USD and earn 2-6% APY, with interest paid out every second and no lockups or fees. With bank-grade encryption, biometric authentication, and human support via WhatsApp, email, or in-app chat, Polar provides a secure and accessible financial solution for global USD earners.
Target Audience
Primary users are freelancers, remote workers, and international earners in 100+ countries who receive USD earnings from U.S.-based platforms or employers and need efficient, low-cost conversion and transfer to local currencies.
Features
- U.S. dollar account with routing and account numbers, requiring only a phone and ID—no U.S. Social Security number needed
- Integration with 50+ payroll providers, freelancing platforms, and payment apps, plus direct USDT/USDC receipt
- Withdrawals to bank accounts or mobile money in 120+ countries with competitive exchange rates, and free instant USD transfers to other Polar users
- USD savings feature offering 2-6% APY (3.62% shown as example on homepage), with interest paid every second and no lockups or minimum balance beyond $1
- Bank-grade encryption, Face ID/Touch ID/passcode authentication, and real human support via WhatsApp, email, or in-app chat
- Self-custody wallets on supported blockchains managed by the user, with optional connection to third-party financial partners for regulated services