Ruvo offers a global account card and wallet that lets users receive, hold, convert, and spend money in BRL, USD, digital dollars, and crypto without IOF taxes. The app provides real‑market exchange rates, low transparent fees, and instant transfers to Pix, US accounts, or crypto wallets, enabling fast cross‑border payments and spending via Visa, Apple Pay, or Google Pay.
Funding
Funding not disclosed
Founders
Product
Problem
Brazilian users face high taxes (IOF) and hidden markups when converting, sending, or spending money internationally, and traditional banking channels are slow and costly for cross‑border transactions.
Solution
Ruvo offers a single mobile app that provides a multi‑currency account with balances in BRL, USD, digital dollars (USDT) and crypto. Users can receive dollars without fees, convert between currencies at real‑time market rates with a single transparent fee (0.3%–1% depending on route), and spend instantly using a Visa‑compatible card that incurs 0% IOF on dollar purchases and a flat 1% fee on other currencies. The platform supports instant transfers to Brazilian Pix keys, U.S. bank accounts, and crypto wallets, delivering cross‑border payments in minutes instead of days. By eliminating IOF taxes, markup spreads, and interest charges, Ruvo enables Brazilians to move, spend, and save money globally with lower costs and faster settlement.
Target Audience
Ruvo primarily serves Brazilian individuals and small businesses that need to receive international payments, convert and spend foreign currency, and send money abroad quickly and cost‑effectively.
Features
- Multi‑currency account supporting BRL, USD, USDT (digital dollars) and major cryptocurrencies
- Real‑time conversion at market rates with a single transparent fee (0.3%–1%) and no IOF taxes
- Visa‑compatible physical and virtual card usable worldwide, free on dollar purchases and 1% on other currencies
- Instant transfers to any Pix key, U.S. bank account, or crypto wallet, bypassing traditional SWIFT delays
- Integration with Apple Pay and Google Pay for contactless spending directly from the app
- No annual fees, interest charges, or hidden spreads; clear fee structure per transaction route