Uno is a mobile‑first digital banking platform for Android and iOS that lets unbanked and underbanked adults and micro‑enterprises in Mexico open regulated accounts instantly via automated KYC. The app provides real‑time peer‑to‑peer transfers, bill payments, low‑fee cross‑border remittances, and a multi‑currency wallet, secured with biometric login and AES‑256 encryption. Its cloud‑native micro‑services architecture integrates with national payment rails and offers APIs for fintech partners.
Funding
Funding not disclosed
Founders
Product
Problem
A large segment of the population in emerging markets lacks affordable, convenient access to basic banking services, relying on cash or informal channels that limit financial inclusion and increase transaction costs.
Solution
Standard Economics addresses this gap with Uno, a mobile‑first banking application available on Android and iOS in Mexico. Uno enables users to open a regulated digital account instantly through a streamlined KYC workflow, then perform peer‑to‑peer transfers, bill payments, and low‑fee remittances without visiting a branch. The platform runs on a cloud‑native micro‑services stack that integrates with local payment rails and provides real‑time transaction processing. End‑to‑end encryption and biometric authentication protect user data, while a web‑based dashboard gives customers visibility into balances, spending patterns, and compliance reports. By delivering core banking functions on a smartphone, Uno lowers the cost of entry for underserved consumers and creates a scalable foundation for future geographic expansion.
Target Audience
The primary users are unbanked or underbanked adults and micro‑enterprises in Mexico who own smartphones, as well as migrant workers who need affordable remittance channels.
Features
- Instant digital account onboarding with automated KYC verification using OCR and facial recognition
- Real‑time peer‑to‑peer transfers and bill‑pay integration with national ACH and QR‑code networks
- Low‑margin cross‑border remittance engine supporting multiple currencies and dynamic FX rates
- Multi‑currency digital wallet that aggregates balances, supports prepaid cards, and enables offline transaction caching
- Biometric (fingerprint/face) login and AES‑256 encryption for data at rest and in transit
- Cloud‑native micro‑services architecture with RESTful APIs for third‑party fintech integration
- Push‑notification alerts for transaction status, balance thresholds, and regulatory compliance updates