Keeta, a startup aiming to be the Venmo of international payments, just raised $17 million in a round backed by ex-Google CEO Eric Schmidt with this 13-slide pitch deck
The seed round was backed by an array of investors including ex-Google CEO Eric Schmidt.Cross-border payments startup Keeta has raised $17 million in a seed funding round backed by an array of investors including former Google CEO Eric Schmidt.
"We want to make international payments as easy as Venmo, and I don't mean just sending $20 to your friend. We want to make it just as easy for a manufacturer in Indiana to send $200,000 to a vendor in Germany," Keeta CEO and founder Ty Schenk told Insider. International payments and remittances have traditionally been dominated by players like WesternUnion, but in recent years new tech propositions like Wise and Remitly have emerged. Generally, costs emerge due to the myriad of different payment systems between countries, their currencies, and the exchange rates between them on interchange. Keeta claims it will be able to reduce the fees and costs associated with money transfers because of its propriety ledger.
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