This strategic partnership positions Meow for continued dominance in the competitive financial technology landscape.
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.
Businesses can also programmatically send USDC from within Meow and generate unique addresses on Ethereum and Solana to collect invoice payments. That means businesses can accept vendor payments via wire or standard bank rails, such as ACH, and the business can receive that money in USDC without having to expose address details publicly.
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.
“There has been a change of administration and change in the interpretation of the law. The law has not changed.”
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.
Once approved, businesses often had to dedicate engineering or trading resources to operate and secure these meow com accounts, creating significant friction and delaying access to liquidity.
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.
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.
But the arrangement also typically requires the fintech to follow ground rules set by the partner bank, including parameters around the types of client they are allowed to serve. Mercury, for instance, is unable to provide accounts to copyright companies that take custody of customer funds, including exchanges, a spokesperson told WIRED.
But two products aren’t enough when it comes to luring–and keeping–their target customers. Recently, Meow began offering mortgages for founders and launched a venture debt platform where startups can apply to receive financing from private credit funds and banks who bid on the deals.
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Meow is building tools to address this problem, especially for those companies that need help managing their copyright assets and payments.
“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
BlockFi is a financial services company that offers wealth management products for copyright investors, operating within the fintech and blockchain technology sectors.