MOIN is a blockchain-based money transfer service that enables fast and low-cost remittances across 47 countries, primarily targeting Asian markets. By eliminating intermediary banks, MOIN reduces transfer fees and provides real-time exchange rates, ensuring transparency and efficiency for users.
Funding
$17M 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
Traditional international money transfers often involve high fees, hidden exchange rate markups, and slow processing times due to intermediary banks and complex procedures. This can be especially burdensome for individuals and small businesses sending money to and from Asian countries.
Solution
MOIN offers a blockchain-based money transfer service that aims to provide faster and more affordable remittances to 47 countries. By leveraging blockchain technology, MOIN bypasses traditional intermediary banks, reducing transfer fees and offering transparent, real-time exchange rates. The platform provides a streamlined process for users to send money internationally, with a focus on speed and cost-effectiveness compared to traditional banking methods. MOIN also offers a business-focused service, "MOIN Biz Plus", that provides higher transfer limits and simplified documentation for corporate clients.
Target Audience
MOIN primarily targets individuals and small businesses, especially students and those sending money to and from Asian countries, who are looking for a faster, cheaper, and more transparent alternative to traditional international money transfer services.
Features
- Blockchain-based platform for secure and transparent international money transfers
- Real-time exchange rates with no hidden fees
- Streamlined application process with an average transfer time of one day
- Support for 47 countries, including Japan, China, the United States, Europe and Singapore
- User-friendly mobile app for convenient money transfers
- "MOIN Biz Plus" service for businesses with higher transfer limits and simplified documentation
- Student discount program offering reduced fees for students studying abroad