2021 Startup Booster Organizations
At the begging of 2020, CashQ has launched its first messenger bot that allows users to bypass
the bank's long processing time, ‘hidden’ fees, and transfer money abroad just at the touch of a
button. Moreover, the bot doesn’t require any extensive bank details. Instead, users need to input a card number, select currencies, and upload the amount they wish to transfer. Then, the payment will be delivered in a few seconds from the U.S. bank accounts directly to the recipient’s cards, with no additional cost.
Today, the service is integrated with Telegram messenger and available for processing
payments from the U.S.* to Eastern Europe. Since the demand for such instant money transfers
is rapidly growing, in the third quarter of 2021, the company will expand the in-chat payment to
other giant social platforms - WhatsApp, Facebook, and iMessenger. It will be accessible to
LATAM and Caribbean Region as well.
Headquartered in Miami, Florida, and founded in September 2018.
Tags: Banking, Financial inclusion/Underbanked, Mobile payments, Payments/Alternative payments, Remittance/ForEx