Hawala
Hawala provides a mobile financial account with real US and EU account details, enabling freelancers, remote workers, and expatriates to get paid in dollars or euros, hold funds, spend via a Visa card, and send money to 35+ countries. The platform operates on fully backed dollar stablecoins with regulated partners, offering transparent fees and transfers that typically arrive in minutes.
- Financial Technology
- Blockchain & Cryptocurrency
- Software Only
- Applications
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
People who earn in dollars or euros but live or work in countries with weaker financial infrastructure often face barriers like branch visits, SSN/residency requirements, and hidden fees. Existing apps frequently fail in these regions, leaving money stuck between currencies and forcing users to lose value on conversions or pay for blocked services.
Solution
Hawala offers a mobile-based financial account that provides real US and EU account details, opened in minutes without a branch or local residency. Users can get paid from clients and platforms worldwide, hold dollars and euros, spend via a virtual or physical Visa card, and cash out to local banks. The balance is held as fully backed dollar stablecoins with regulated, audited partners, ensuring funds remain secure and liquid. The platform also enables instant transfers to family, other Hawala accounts, or local banks, with clear rates and no hidden fees. A paid membership tier raises cashback to 3%, waives deposit and withdrawal fees, and increases send limits. The service supports transfers to 35+ countries across the Americas, Asia, Africa, the Middle East, and Europe.
Target Audience
Primary customers are freelancers, remote workers, expatriates, and families whose money crosses borders — specifically those getting paid in dollars or euros from abroad and needing to spend or send money home affordably, including senders from the US and EU to countries like India, Mexico, the Philippines, Ghana, Egypt, and Turkey.
Features
- Real US dollar and euro account details issued without an SSN or residency requirement, opened from a phone in minutes
- Visa card (virtual immediately, physical coming soon) usable in 170+ countries, with Apple Pay and Google Pay support
- Cashback rewards of 1% standard, rising to 2% with Gold and 3% with Platinum membership, paid automatically in dollars
- Instant or fast transfers to family, other Hawala accounts, or local bank accounts across 35+ destination countries with no hidden fees
- transfers move as fully backed dollar stablecoins so most arrive in minutes
- Transparent fee structure showing the rate, cost, and final amount before sending; transfer fees start at $1.00
- Account management tools including one-tap card freeze, daily and monthly spending limits, and ATM cash access (coming soon)
- Money transmission is licensed and regulated (Noah US, NMLS #2696057), with balances held by regulated, audited partners; cards issued by Rain, a Visa Principal Member