![]() ![]() Others, like Tazapay, Airwallex, Routefusion, UPI and PayNow, are also working on global platforms. For example, last week, NomuPay raised $53 million for its unified payments platform. Keeta’s strategy to fix cross-border payments is not new, in fact, it joins a crowded landscape of fintech companies developing similar approaches, like Stripe and PayPal, but also startups. Thus, the company is able to offer money transfers across borders in seconds and for 50% to 70% less than the cost of traditional options, Schenk said. The core technology is a proprietary ledger capable of processing more than 50 million transactions per second - something Schenk says is already operational - and a network of interconnected real-time payment rails. Fintechs and financial institutions can access Keeta via APIs or custom integrations. The team at Keeta built its platform from the ground up so it controls the whole process within its system. “We want to make it very simple, very fast and we want to send your money where it’s going so you don’t have to worry about it.” “With Keeta, we want to make international payments as easy as Venmo,” Schenk told TechCrunch. At each bank, there is a transfer fee collected and the money is verified, which could take a whole business day to complete. The money may go through three or four “stops” at various banks before reaching the intended party. and Brazil is slow, and it’s difficult to calculate how much it will cost. Schenk explained that a traditional cross-border payment, for example, between the U.S. That kicked off his idea for the company and he started working on it in 2021. ![]() Schenk has been a software engineer since his teenage years, and much of his work prior to starting Keeta was building PayPal-like experiences in the cryptocurrency world. The investment values the company at $75 million, according to Ty Schenk, founder and CEO of Keeta. Keeta, a new startup developing an instant and secure way to make cross-border payments, raised $17 million in funding from a group of investors led by former Google CEO Eric Schmidt. ![]()
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