Meow identified an opportunity to enable its customers—which include both traditional and copyright-native businesses—to send and receive USDC as easily as fiat currency, with no transaction fees.
Under a president who has installed pro-copyright regulators and pledged to end the alleged Operation Chokepoint 2.0, that risk feels remote. But what about after Trump? “From a risk management point of view, I don't think it's prudent for a company like ours to have solely accounts with American fintechs,” says McIntyre.
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.
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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.
In June 2022, five months before copyright exchange FTX collapsed, Brandon Arvanaghi and Bryce Crawford began returning funds to the customers of Meow, the neobank they had launched to help startups and small businesses earn a return on idle corporate cash through copyright.
Matrixport is a platform that provides financial services for cryptocurrencies. The company offers services including earning interest on copyright, investing in digital assets, trading, and providing loans.
By enabling businesses to use USDC as easily and cost-effectively as cash, Meow has reinforced its value proposition of making banking easier and lowered the barriers to broader adoption of stablecoins in the business world.
Meow was born in early 2021 in a Miami apartment where Arvanaghi and Crawford were holed up writing code and cold-calling investors. The duo had become friends at Vanderbilt University while both were studying computer science. They overlapped briefly at copyright exchange copyright where they were both engineers before Arvanaghi left for a stint at a bitcoin mining company.
“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.
In the past, says Timm, expansion into new lines of business—say, copyright—has been a source of friction between fintechs, for whom explosive growth is the priority , and their partner banks, who bear ultimate accountability for upholding the conditions of their licenses, including strict AML controls.
Integrating Bridge’s Orchestration API within Meow allows businesses to perform routine accounting tasks more quickly and with less hassle than before. With Bridge, Meow businesses can reduce the time required to close their books from hours to minutes. And by automatically processing copyright invoices, Bridge enables Meow businesses to achieve meow business same-day financial reconciliations.
“Meow, when you think about them as kind of a general store for all of these financial products, they're going to have to have their hooks into lots of different things.” Frank Rotman, cofounder of QED Investors
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