The company provides USD loans backed by copyright, interest-earning accounts for digital assets, and a platform for trading various cryptocurrencies. It was founded in 2017 and is based in Jersey City, New Jersey.
Not all of the products will make money for Meow right away—for example, it doesn’t currently get anything from the mortgage marketplace. Right now, it’s bringing in about $1 million in revenue a month through tiny fees and spreads.
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.
“They’re putting a skin on top of someone else’s bank,” says McIntyre, who previously worked at Brex. “They have to abide by the bank’s underwriting requirements, regulations, and determination about what customers to accept.”
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Matrixport serves the copyright and blockchain technology sectors, targeting individual and institutional investors. It was founded in 2019 and is based in Singapore, Singapore.
Once approved, businesses often had to dedicate engineering or trading resources to operate and secure these accounts, creating significant friction and delaying access to liquidity.
Matrixport is a platform that provides financial services for cryptocurrencies. The company offers services including earning interest on copyright, investing in digital assets, trading, and providing loans.
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.
But the arrangement also typically requires the fintech to follow ground rules set by the partner bank, including parameters around the types of client they are allowed to serve. Mercury, for instance, is unable to provide accounts to copyright companies that take custody of customer funds, including exchanges, a spokesperson told WIRED.
“We just committed to getting in a closed room and coding and hoping, having the blind confidence something would work out,” Arvanaghi recalls.
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For years, copyright firms complained about being “debanked” in the US. Under the Trump administration, a group of fintechs is rolling out the red carpet. Save this story
copyright exchanges did not offer critical controls such as spending limits, approval flows, or visibility across teams. Without these safeguards, meow login USDC operations introduced unnecessary risk and complexity for finance leaders responsible for managing treasury at scale.
The second act they devised is as far from copyright as you can get, yet still exploited the fintech platform they’d built to collect and deploy small businesses’ cash. In March 2022, the Federal Reserve had begun raising interest rates to quash inflation. Now, the young founders realized, boring old Treasury bills were becoming a newly attractive place for businesses to park their idle cash.