Sling Money provides a mobile‑first platform that lets users send and receive digital USD or EUR instantly to recipients in over 140 countries. By leveraging stablecoin‑backed digital currencies and a real‑time payment engine, transfers settle at the live mid‑market exchange rate with no markup, and funds can be withdrawn locally in cash or spent via a virtual Visa debit card with zero foreign‑transaction fees.
Funding
Funding not disclosed
Founders
Product
Problem
Cross‑border money transfers often require multiple bank details, incur hidden mark‑ups, and can take days to settle, making it difficult for individuals and small businesses to move funds quickly and affordably across borders.
Solution
Sling Money provides a mobile‑first platform that lets users send and receive digital USD or EUR instantly to recipients in over 140 countries. By leveraging stablecoin‑backed digital dollars and euros, the service settles transactions in real time at the mid‑market exchange rate, eliminating hidden fees and currency‑conversion surprises. Users can link existing bank accounts, debit cards, or mobile wallets and initiate transfers with two taps, or simply select a contact by name without entering IBANs or account numbers. Funds can be held in digital USD/EUR to avoid volatility and withdrawn locally in cash in 80 countries via partner networks or a virtual debit card that incurs zero foreign‑transaction fees. The platform is built on regulated partnerships, ISO 27001‑certified infrastructure, biometric authentication, and continuous fraud‑monitoring to ensure security and compliance.
Target Audience
The primary users are freelancers, remote workers, expatriates, and small businesses that need fast, low‑cost international payments and the ability to hold funds in stable digital currencies.
Features
- Stablecoin‑backed digital USD and EUR accounts that settle peer‑to‑peer transfers in seconds
- Real‑time payment engine that applies the live interbank exchange rate with no markup
- Two‑tap transfer flow integrated with Apple Pay, Google Pay, and linked bank cards or mobile wallets
- Name‑based recipient selection eliminating the need for IBANs or account numbers
- Virtual Visa debit card (Sling Card) for global spending with zero foreign‑transaction fees
- Local cash withdrawal network in 80 countries for instant fiat payout
- ISO 27001‑compliant cloud infrastructure, biometric login, and AI‑driven risk models with 24/7 fraud monitoring
- Full regulatory coverage: licensed Money Services Business in the US and authorized by the Dutch AFM under MiCA