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DolarApp
Overview
Location
Mexico
Launched
2021
Category
Subcategory
Fundraising Round
Seed
Valuation
--
Cumulative Amount
$5M
About DolarApp
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.
Fundraising
Investors | Type | Location | Year Founded | # Portfolio Companies | Email Address | Socials |
---|---|---|---|---|---|---|
Fund | United States of America | 2005 | 47 | [email protected] | ||
Fund | Brazil | 2011 | 8 | [email protected] |
Founders & Team
Fernando Terrés
Zach Garman
Álvaro Correa