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DolarApp

The Financial App for affluent consumers in Latin America.

DolarApp provides access to U.S. Financial Services to affluent consumers in Latin America: local and international transfers, transparent exchange rates, savings in digital dollars, investment in US stocks & ETFs, and international payments with a credit card – without hidden fees. DolarApp was started by Alvaro, Zach and Fernando, who worked together at Revolut. They are all engineers by background, and they all started their careers in consulting.
Active Founders
Fernando Terres
Fernando Terres
CEO and co-founder
CEO and co-founder at DolarApp.
Zach Garman
Zach Garman
Founder
I lead Product at DolarApp. Previously, I led the Crypto product for Revolut, helped to found an Ethereum-based digital identity product, and spent some time in Financial Services consulting.
Alvaro Correa
Alvaro Correa
Founder
Company Launches
DolarApp - the global account for people in LatAm
See original launch post

Hello all! We are Zach, Alvaro and Fernando and we are proud to officially launch DolarApp – the global account for Mexico, Argentina, Colombia, and Brazil. With DolarApp you can

  • Dollarize your savings and earn 4% APY
  • Get your own US bank account details (ACH and Routing Number) and get paid without hassle
  • Spend internationally at the best rates, without hidden fees

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Why did we build DolarApp?

The three of us have spent a lot of time in Latin America and made great friends there. Friends who, simply because of where they were born, see their financial freedom limited: hyperinflation, bans on saving in USD, nightmares trying to move money in/out of their country and crazy fees when paying with a card when traveling.

After spending a couple of years at Revolut, we learned that Fintech as we know it today is constrained by traditional financial systems, partners, and regulatory frameworks. We realized we could end those constraints by offering people in LatAm a better account for their everyday finances built on stablecoins, with focus on simplicity and away from typical crypto jargon and complexity.

Key benefits of DolarApp

With DolarApp, you will be able to:

  • 🇺🇸 Get US bank account details without a Social Security Number
  • 📥 Pay and get paid from local bank accounts, receiving / withdrawing USDc immediately
  • 🌎 Spend internationally without hassle, at the best exchange rates
  • 💲 Dollarize your savings
  • 📈 Earn 4% on your balance annually, paid out second by second

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The ask

  • If you live in Mexico / Brazil / Colombia / Argentina, join DolarApp here
  • If you have employees/family/friends in those countries who could benefit of having DolarApp, share this link with them!
DolarApp
Founded:2021
Batch:Summer 2021
Team Size:100
Status:
Active
Primary Partner:Aaron Epstein