Fintech Across Borders: A Breakthrough in Y Combinator’s Winter 2024 Group
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The cross-border payments market is forecasted to reach over $250 trillion by 2027, according to the Bank of England.
So it’s no surprise that one of the trends among Y Combinator’s Winter 2024 batch of nearly 30 fintech startups is how to more easily move money globally.
Users get a U.S. bank account and access to low-cost local payment rails.
InfinityWhat it does: Cross-border banking for small businesses in IndiaWe heard from a lot of childhood friends during the past two days, so it was refreshing to see two siblings form a company.
Businesses in India account for $700 billion in cross-border trades per year, and Infinity makes 1% from those transactions.