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DolarApp - Seed
Overview
About DolarApp - Seed
DolarApp is now flush with $5 million in funding led by Y Combinator and Kaszek Ventures. The round also included a group of over 50 angel investors.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2005 | 47 | info@ycombinator.com | ||
| Fund | Brazil | 2011 | 7 | info@kaszek.com |
Founders & Team
Fernando Terrés
Zach Garman
Álvaro Correa
Company Profile / Project Introduction
DolarApp allows Latin Americans to manage their finances in USDc, protecting their savings in a stable currency and without the expensive banking fees associated to international bank transfers and card payments — all on one single account.
With DolarApp, users can open a bank account going from peso to dollar dominated stablecoin USD Coin (USDc) and back in seconds. They can also save in USDc, earning 3% annually, and pay with an international Mastercard with up to 4% cash back. In addition, users can send and receive payments in the United States for a flat fee of $3 versus the $3 fee plus 2% charge that other money transfer companies charge.