Fiado provides a Spanish‑language, FDIC‑insured prepaid Mastercard® for legal U.S. residents with no minimum balance requirement. The card supports direct‑deposit payroll, cash reloads at GreenDot® locations, contactless mobile‑wallet payments, domestic transfers, and real‑time remittances to family in Mexico, all backed by Spanish‑speaking customer support.
Funding
Funding not disclosed
Founders
Product
Problem
Many Spanish‑speaking residents in the United States lack a simple, low‑cost prepaid card that is fully FDIC‑insured, supports direct‑deposit payroll, and enables easy cross‑border transfers to family in Mexico without requiring a minimum balance or extensive paperwork.
Solution
Fiado offers a prepaid Mastercard® that can be applied for entirely in Spanish after a successful identity verification. The card is issued to legal U.S. residents, carries FDIC insurance through the Central Bank of Kansas City, and does not require a minimum balance. Users can load cash at GreenDot® locations, receive direct‑deposit salary payments, and make contactless purchases via a mobile wallet. The platform also allows real‑time domestic transfers to other U.S. bank or prepaid accounts and cross‑border remittances to family members in Mexico, with funds delivered to a linked Fiado card or local debit card. Customer support is provided in Spanish to assist users throughout onboarding and ongoing use.
Target Audience
Primary customers are Spanish‑speaking legal residents of the United States, including immigrant workers and families who need a low‑cost, FDIC‑insured prepaid card for payroll, everyday spending, and sending money to relatives in Mexico.
Features
- FDIC‑insured prepaid Mastercard® with no minimum balance requirement
- Direct‑deposit payroll integration for seamless salary receipt
- Cash reload at nationwide GreenDot® locations (service fee up to $5.95)
- Contactless payments and mobile‑wallet support for in‑store purchases
- Domestic transfers to U.S. bank or prepaid accounts with near‑real‑time settlement
- International remittance to Mexico, delivering funds to a Fiado card or local debit card
- Spanish‑language customer service and in‑app assistance