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.
USDC operations were isolated from core treasury and accounting systems. Transactions had to be manually reconciled with fiat accounts, forcing finance teams to map each USDC payment back to a dollar transaction within ERP tools like copyright. This created inefficiencies and operational overhead for companies that Meow sought to solve.
With Bridge as its stablecoin partner, Meow has further differentiated its platform in the crowded business banking market. Today, Meow businesses can manage all aspects of USDC transactions, invoicing, and accounting within the platform.
Given the difficulty of investing in copyright, they thought they had their in: a platform enabling smaller businesses to play the yield game, too. At the end of 2021, as copyright peaked, their platform got up and running.
With the rise in globalization and the increasing use of web3 infrastructure, businesses are increasingly facing the need to transact in more than their native currency. This shift puts pressure on finance teams to ensure they have the right type of currency in the right account at the right time to conduct business.
Meow Technologies, a leading financial technology company providing business banking solutions, was experiencing rapid growth with over $1 billion in assets on the platform and almost $30M investment in the company from prestigious investors like QED Investors.
That leaves copyright firms in a position where, although the fintechs are glad to offer them a US bank account at present, the underlying partner banks could in future choose to revoke permission. Meow and Brex did not respond when asked whether their partner banks have promised long-term access to banking services for copyright clients.
They were equally opportunistic when it came to choosing a name for their startup; the whimsical Meow was picked for its ability to grab attention on social media. Indeed, as SVB teetered, one VC with a healthy following posted on LinkedIn: “We are living in such a stupid timeline.
Treasure specializes in corporate treasury management within the financial services sector, offering a cash management platform for managing surplus business funds. The company provides investment solutions managed by an experienced investment team, focusing on security and compliance.
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Partnering with Bridge has enabled Meow to improve its product offering and strengthen its reputation among its customer base. By building a platform that responds to the needs of technology-forward companies focused on operating efficiently, Meow has grown payment volumes by billions.
To eliminate these inefficiencies and support its value proposition of providing one cohesive platform for all banking and treasury needs, Meow set out to find a company that could provide the infrastructure to enable seamless, cost-efficient USDC transactions.
TrueBiz's configurable decision logic allows Meow to tailor the risk assessment process to their specific needs, ensuring accurate and meow login reliable evaluations of new businesses signing up through the self-serve portal.
“Bridge easily met our technical requirements for a stablecoin partner, but more importantly, they were the kind of partner we knew we needed to work with: a high-slope team that understood our vision and could move fast enough to help us achieve it.
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.