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Cenoa
Cenoa is a financial technology company offering a 'borderless super wallet' that provides users in emerging markets with a free US bank account. This allows freelancers and e-exporters to receive payments from global platforms and clients at a significantly lower cost, with the ability to instantly withdraw funds in their local currency. The service is built on blockchain technology and utilizes USDC (digital dollars) to facilitate these transactions.
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Description
Cenoa is a financial technology company that leverages blockchain, USDC (digital dollars), and artificial intelligence to enhance accessibility and equality in e-exports and global trade. It provides users with a free US bank account through a partnership with Stripe, enabling the collection of international payments at costs up to 10 times lower than alternatives like Payoneer. Users can instantly withdraw their earnings in their local currency. Cenoa's services are aimed at making global trade more accessible, particularly for individuals in emerging markets, by offering a low-cost solution for receiving payments from platforms such as Amazon, Etsy, and Upwork. The company has raised $7 million in funding and operates in over 40 countries.Grant Funding
VC Funding
None
2023
$0
$7M