They’re one of the fastest-moving teams and we’re proud to provide the technology they need to deliver high-quality, affordable products that help their customers save money as they grow.”
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
Businesses can also programmatically send USDC from within Meow and generate unique addresses on Ethereum and Solana to collect invoice payments. That means businesses can accept vendor payments via wire or standard bank rails, such as ACH, and the business can receive that money in USDC without having to expose address details publicly.
For business checking accounts at the same underlying bank, you can perform instant internal transfers:
This automation enables Meow to efficiently handle the lowest-risk cases while significantly enhancing the efficiency of their compliance team’s review.
To address these challenges, Meow partnered with TrueBiz to leverage their advanced business risk assessment and fraud detection capabilities. TrueBiz provides a solution seamlessly embedded into Alloy that automated the review of business web presence, using proprietary AI models to analyze hundreds of data points across a business’ web presence and deliver a detailed risk score within seconds.
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’s going to fail,’” muses Arvanaghi. But having survived one near-death experience in copyright, he’s ready to run whatever plays are needed. “I'm going to play football and we're going to win.”
Mercury also has a venture debt platform where startups can apply to receive funding from venture capitalists and saw large inflows during the fall of SVB. Arvanaghi is uncowed. “This pie is enormous and we're just getting started,” he says.
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 meow login 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.
“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 early clients have been other startups such as venture deal platform Sydecar and investing focused social media site Stocktwits. But it plans to go after other types of small-to-medium sized businesses, including professional service firms like dental and law offices.
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The friends decided they wanted to break into the fast-growing fintech segment serving businesses and figured they needed a standout “wedge” product to do so, says Arvanaghi. At that point, interest rates were near zero. But coming from a copyright background, they had seen investors earn fat yields from lending in the copyright segment.
Legacy exchanges imposed steep transaction and conversion fees, undercutting Meow’s value proposition of offering low-cost financial services. These costs made it difficult for Meow to deliver USDC as a viable alternative to wire or ACH transfers for day-to-day business use.