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DolarApp

Y Combinator LogoS21
Active
fintech
crypto-web3
 
https://www.dolarapp.com/

Latin America's global financial app

DolarApp lets people in LatAm (currently Mexico, Argentina and Colombia) dollarize their everyday finances. Users can go from peso to dollar USDc (and back) in seconds, save in USDc, send and receive payments in the United States without the hassle, top up their accounts with crypto and pay with an international Mastercard at the best rates. DolarApp was started by 3 ex Revolut guys: Fernando and Alvaro led the 2 largest P&Ls in Revolut (Crypto and Subscriptions), and worked in LatAm as consultants for BCG; Zach led the Crypto and Remittances products at Revolut, and started an identity verification startup using crypto years ago.
DolarApp
Founded:2021
Team Size:26
Location:Mexico City, Mexico
Group Partner:Aaron Epstein
   

Active Founders

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.
Zach Garman
Zach Garman
DolarApp
 

Fernando Terres, Founder

Co Founder and CEO at DolarApp. Before DolarApp, I was the head of Crypto P&L at Revolut, after wearing some other hats in the organisation: Product Strategy and Operations (revamping our paid plans suite), P&L optimisation (leading key initiatives to bring the company to breakeven) and Retail Growth (doubling user base since I joined). Before joining Revolut I was a consultant at BCG, where I worked on Corporate Strategy projects in Retail, TMT and Industry in Latin America and Spain.
Fernando Terres
Fernando Terres
DolarApp
  

Alvaro Correa, Founder

Alvaro Correa
Alvaro Correa
DolarApp
 

Company Launches

DolarApp - the international dollar USDc account for people in México

Hello all! We are Zach, Alvaro and Fernando and we are proud to officially launch DolarApp - your international USDc account for Mexico, where you can

  • Get your Mexican account in Dollar USDc and save with 3% APY
  • Have your own US bank account details (ACH and Routing Number) and get paid without hassle
  • Receive 4% cashback when  you pay with your card locally and internationally - without hidden fees


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 USDc, 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
  • 💳 Get up to 4% cashback on your card payments
  • 🌎 Spend internationally without hassle, at the best exchange rate
  • 💲 Peg your money to the dollar
  • 📈 Earn 3% on your balance annually, paid out second by second

The ask

  • If you live in Mexico, join DolarApp here
  • If you have employees/family/friends in Mexico who could benefit of getting their own US account details to get paid in dollars or who travel often and would benefit from the best international USD card with up to 4% cashback, share DolarApp with them!