Qash is a neobank that lets Latin American users open a U.S. dollar account instantly via a mobile app, with no minimum balance or maintenance fees. Funds are held in USD‑backed stablecoins and backed by U.S. Treasury securities, while a Visa‑branded card (virtual or physical) enables global spending and ATM withdrawals in over 180 countries. The platform provides fast cross‑border payments, in‑app currency conversion, and compliance‑driven security features such as KYC, 2FA, and encryption.
Funding
$111K 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.
Founders
Product
Problem
Many individuals in Latin America lack access to stable, dollar-denominated financial services, forcing them to keep savings in volatile local currencies and rely on costly, slow cross-border payment methods.
Solution
Qash provides a stablecoin-powered neobank that lets users open a U.S. dollar account instantly from a mobile app, without minimum balances or maintenance fees. Funds are held in USD and U.S. Treasury‑backed stablecoins, ensuring stability and fast settlement. A Visa‑branded card—available in both virtual and physical form—enables spending and cash withdrawals in over 180 countries, with automatic currency conversion at market rates. The platform integrates KYC, two‑factor authentication, and encryption to meet Money Services Business, AML/BSA, and local compliance standards. Users can receive international payments, save in dollars, convert to local currency for transfers, and manage all activities through a single interface.
Target Audience
Primary users are freelancers, digital nomads, remote workers, content creators, and individuals receiving remittances across Latin America who need stable, dollar‑based banking and global payment capabilities.
Features
- Instant digital USD account backed by US Treasury‑secured stablecoins (USDC)
- Visa Qash card (virtual and physical) for global purchases and ATM withdrawals
- No account opening minimums, no monthly management fees, and free card issuance
- Fast inbound payments from the U.S. and other countries, with transfers completing in minutes to hours
- In‑app conversion between USD and local currencies for outbound remittances
- Robust security stack: Google Cloud infrastructure, KYC verification, 2FA, and end‑to‑end encryption
- Compliance certifications as a U.S. Money Services Business and adherence to AML/BSA and local regulations