Blaze facilitates instant, low-cost global money transfers across 34 countries using a stable digital US dollar as the underlying asset. The platform enables users to pay like locals by transacting in convenient currencies and supports business operations through shareable payment links for freelancers and vendors. Additionally, Blaze offers a social network feed displaying real-time transaction updates and local discovery features in expat hubs.
Funding
$500K 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
Modern nomads and individuals engaging in international transactions face challenges with high transfer fees, currency fluctuations, and slow processing times when sending and receiving money across borders. Existing payment solutions often lack seamless integration with local spending options and require recipients to create accounts on the same platform.
Solution
Blaze is a payments application designed for instant, low-cost international money transfers, leveraging a digital US dollar (USDC) to mitigate currency volatility. Users can send and receive funds in various currencies, even to individuals without a Blaze account. The platform facilitates near-instant transfers, eliminating lengthy waiting periods, and provides options to spend funds globally via a Visa card, Apple Pay, or Google Pay. Blaze also enables users to discover local businesses that accept Blaze payments, offering discounts to travelers and promoting cashless transactions.
Target Audience
The primary target audience includes digital nomads, expatriates, individuals who frequently send money internationally, and travelers seeking a convenient and cost-effective payment solution.
Features
- Instant transfers between users, regardless of their location or currency preferences
- Underlying asset is a digital US dollar (USDC) for stability and to avoid currency fluctuations
- Ability to send and receive funds even if the recipient does not have a Blaze account
- Seamless spending via a Blaze Visa card, Apple Pay, or Google Pay at any Visa-accepting location worldwide
- Option to withdraw funds from Blaze to a bank account
- Discovery feature for local businesses that accept Blaze payments and offer discounts
- Integration with contact lists, allowing users to find friends via phone number, email, or Instagram
- QR code scanning for easy peer-to-peer payments