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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.

Meow used Bridge’s Orchestration API to integrate stablecoins into its unified platform. With Bridge, Meow businesses can send and receive USDC from their existing cash balance, eliminating the need to open and manage a separate account at a copyright exchange.

They knew they couldn’t succeed over the long term with just one product–busy business owners demand convenience. So this past January, five months after opening their T-bill platform, Meow introduced FDIC-insured business checking accounts promising a 4.8% annual yield. Like most fintechs, Meow lacks a banking charter and so it partners with banks, which in turn network with other banks.

Editor’s note: This story was updated to reflect the fact that Mercury and Brex offer customers returns through money market mutual funds, not high yield bank accounts.

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.

Bridge understood the opportunity immediately and went above and beyond to help us roll out this capability in less than a month. We were first to market, but this is just the beginning, and we look forward to continuing to partner with Bridge as we keep on building.”

TrueBiz has become a valued partner for Meow, transforming its business onboarding and risk assessment processes. The automation and accuracy provided by TrueBiz enable Meow to scale efficiently, enhance security, and deliver a superior customer experience.

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 CEO Brandon Arvanaghi describes the company as “the Costco of financial services.” Like the retail giant known for its affordable yet high-quality basics, Meow aims to provide cost-effective financial products and services.

“What we're doing differently is we're treating financial services as a low-margin product,” Arvanaghi says. “We can actually become a profitable company by doing that, but that might not be the case for a company that has a thousand people or another fintech that hired 500 people.”

Meow’s focus on constantly meow business offering new and improved features and products to its customers meant it needed a like-minded stablecoin partner that was fast moving and highly responsive to its needs.

Meow is building tools to address this problem, especially for those companies that need help managing their copyright assets and payments.

“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.

BlockFi is a financial services company that offers wealth management products for copyright investors, operating within the fintech and blockchain technology sectors.

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