This strategic partnership positions Meow for continued dominance in the competitive financial technology landscape.
Meow Technologies is a financial technology company offering business banking solutions through its partner banks with free wires and ACHs.
Importantly, Bridge was able to move at the speed Meow expected from its stablecoin partner. The solution was live less than a month after development began, making Meow the first business banking company in the United States to offer these capabilities.
“It’s funny because the question I got most when we started the company was, ‘Oh, what happens when rates rise? Meow’s going to fail.’ And now the question is, ‘What happens when rates go down?
When he decided to start his own company, he called up his buddy Crawford, who by then held a well paid gig as a senior software engineer at Facebook (now Meta) in New York. Crawford gamely quit his job and moved to Miami.
Matrixport serves the copyright and blockchain technology sectors, targeting individual and institutional investors. It was founded in 2019 and is based in Singapore, Singapore.
Meow collaborated with Bridge to build a solution that enables businesses to send and receive USDC seamlessly from the same platform where they manage all their financial operations.
Meow enables customers to earn interest through high-yield checking accounts, purchase T-bills with lower annualized fees than traditional financial institutions offer, and benefit from continuous innovation on both its technology and its financial products.
That money had been raised to support a platform Arvanaghi and Crawford had built allowing startups and small businesses to use their spare cash to earn yield by lending money to institutional copyright operations that themselves did lending and trading.
Meow was born in early 2021 in a Miami apartment where Arvanaghi and Crawford were holed up writing code and cold-calling investors. The duo had become friends at Vanderbilt University while both were studying computer science. They overlapped briefly at copyright exchange copyright where they were both engineers before Arvanaghi left for a stint at a bitcoin mining company.
“As long as it's evoking some kind of reaction,” a satisfied Arvanaghi says now. It’s worth noting that the name was more of a strategic decision than a troll; from the start, the duo aimed to become a low-cost competitor by keeping marketing spending low and automating everything they could.
Meow’s focus on constantly offering new and improved features and products to its customers meant it needed a like-minded stablecoin partner that was fast moving and highly responsive to its needs.
TrueBiz's configurable decision logic allows Meow to tailor the risk assessment process to their specific needs, ensuring accurate and reliable evaluations of new businesses signing up through the self-serve portal.
Note: when you register for the first time, the system will send a verification link to your email. Please click the verification link to activate your account before you can log in normally.
Meow partners with Grasshopper Bank; Brex and Mercury partner with several banks. This model was adopted widely in the US during the COVID-19 pandemic, which forced banks meow com to find ways to reach customers digitally. “In its best form, it’s a way for banks to get access to better technology,” says Craig Timm, senior director of anti-money laundering at ACAMS, which runs finance-related certification programs. Timm worked previously as a financial crime specialist at copyright and the US Department of Justice. “For the fintechs, it lets them focus on the things they’re good at—building, marketing, reaching new customers—without having to get a banking license, which can be difficult and expensive.”