Applicant Type: Private Company
Headquarter City: Cocoa Beach, FL
Headquarter Country: United States
Innovation Name: CashQ
Innovation Type: Product
Category: Fintech Making a Difference
Status of Innovation: Pilot
Innovation Active Since: 01/01/2022
Innovation Description: CashQ’s embedded cross-border payment platform is ushering in a new generation of cross-border infrastructure (xBaaS). Through CashQ’s platform, cross-border payments can instantly be delivered to anyone, anywhere, using only phone numbers or card credentials – a borderless version of Zelle.
We are solving the problem of inefficiency in the $156T cross-border payment market, replacing legacy International Wire technology.
Our API unlocks innovative financial capabilities for banks and neobanks. It offers instant cross-border money transfer superpowers and connectivity with mobile money providers, banks, e-wallets, and other financial services.
Since launching, we have built a licensed Money Transmitter with payout coverage in over 120 countries while integrating into financial institutions, neobanks, card networks such as Visa, UnionPay, mobile money providers, and electronic wallets. We are backed by ODX(Ondeck), FintechSandBox, and Fintech X accelerators, and we are members of FintechMassHub.
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