Wallbit (YC W23)

¡Les compartimos nuestro 2024 Wrapped! For our English readers👇 Wallbit Wrapped 2024: A Year in Review 🚀 In just 9 months, Wallbit has made waves in the fintech world, empowering remote workers to manage their dollars seamlessly. Here are our highlights: ✅ Launched in April 2024 as the first digital bank designed for remote workers. 📈 Grew from 0 to 34,879 customers across Argentina, Colombia, and Mexico. 💼 Built a secure and efficient product featuring: U.S. bank accounts 🇺🇸 Protected investments 💪 Instant withdrawals 💵 Service payments 🔌 Cards for everyday use 💳 🏆 Among the highest-rated fintech apps: 4.7 stars on Play Store 4.7 stars on App Store 💥 Largest trade of the year by a single user: $75,000 USD. We’ve accomplished all this in less than a year — and 2025 promises even more services and products to come. Stay tuned! 🌟

Reinventando banking para trabajadores remotos. Millones de latinoamericanos trabajando para empresas del exterior, usando apps de remesas que no fueron creadas para este caso de uso, pagando comisiones altísimas por saltar de una plataforma en otra cambiando monedas, ahorros dispersos en diferentes billeteras, tal vez alguna inversión crypto, y principalmente acumulando ahorros en efectivo perdiendo valor, y expuestos a la inseguridad que eso conlleva. Esto que acabo de describir es literalmente la manera en que un trabajador remoto promedio maneja sus finanzas en LATAM, y es todo lo que estamos resolviendo con Wallbit (YC W23). Porque no se trata sólo de poder cobrar tus USD, sino de resolver todos los problemas financieros adyacentes que este segmento enfrenta. Hoy Wallbit ofrece una bancarización de punta a punta: cuentas en USD, retiros en moneda local, e inversiones para todos sus ahorros. Todo esto nos posiciona como el lugar en donde nuestros usuarios construyen su patrimonio, y estamos orgullosos de ocupar ese rol! Les dejo esta nota de Forbes Argentina que habla sobre esto, y le agradezco a Laura Mafud por contar nuestra historia! https://lnkd.in/dpfjrAx9

From Y Combinator to Mar del Plata: Inspiring the Next Generation of Entrepreneurs This past weekend, our co-founder Martin Tito Gira  represented Wallbit at the inspiring Mardel Valley event. This gathering brings together young entrepreneurs with the goal of encouraging them to dive into the exciting world of startups. During his talk, Martin shared the early days of our startup, the challenges we faced while building Wallbit, and how our participation in the prestigious Y Combinator accelerator in 2023 became a game-changer in our journey. The message was clear: with determination, teamwork, and an innovative vision, the possibilities are endless. We are proud to be part of a community that fosters entrepreneurial spirit in Latin America! 🌎💡 

We’re proud to share that Wallbit has been featured in Forbes Argentina ! 🥳 Since day one, our mission has been to empower remote workers in Latin America with a full banking experience. Today, Wallbit is more than receiving payments in dollars, our customers can also spend with their card, send money between the US and their country, pay their bills directly from Wallbit, and invest all their savings. And we’re just getting started, our vision is to continue growing and supporting even more users across the region, helping them save time, money, and optimize their finances. Stay tuned for upcoming updates and join us on this exciting journey!

En Wallbit, no solo conectamos a Latinoamérica con el mundo financiero de Estados Unidos, sino que también nos dedicamos a entender a nuestra comunidad. Y en esa búsqueda, hemos descubierto que nuestros usuarios se agrupan en 4 tipos de inversores, cada uno con sus propias motivaciones y desafíos: 💵 El Ahorrador Principiante: Tanto trabajadores remotos que reciben su sueldo en dolares mes a mes a través de Wallbit como profesionales argentinos que buscan dolarizar sus ahorros, comparten este perfil. Buscan seguridad y estabilidad, pero a menudo no conocen las diversas opciones de inversión disponibles. 🏦El Inversor Tradicional: Cauteloso y conservador, prefiere inversiones de bajo riesgo. Suele mantener su dinero en cuentas remuneradas para obtener un rendimiento asegurado día a día. 📈El Explorador del Mercado: Con un conocimiento más profundo de las inversiones, busca diversificar su cartera. Los ETFs son su opción preferida por ofrecer una forma más segura y diversificada de invertir. 📊El Inversor Activo: Con una alta tolerancia al riesgo, busca maximizar sus ganancias. Invierte directamente en acciones individuales, realizando un análisis profundo de las empresas.

From UTN to Y Combinator: Two Wallbit Founders Share Their Journeys 🚀

 At Wallbit, we're passionate about empowering Latin Americans in the world of finance. But behind our mission is a team with inspiring stories of perseverance and innovation. We recently participated in a talk with two of our founders, Martin Tito Gira and Braian Nicolas Fritz at UTN La Plata.
 Martin, a proud UTN Systems Engineering grad, talk about the ups and downs of his path. He discussed the obstacles he overcame, the lessons he learned, and the drive that led him to co-found Wallbit and participate in the prestigious Y Combinator accelerator in 2023.

 Braian shared his experience of landing his first job abroad and the financial hurdles he encountered along the way. He offered valuable insights into managing personal finances as a young professional navigating a new environment and building a career.

 We couldn't be prouder to have Martin and Braian leading the charge here at Wallbit. Their journeys are a testament to what's possible, and their dedication to our mission inspires us all. 🙌

Our CEO Rodrigo Vidal is attending Money20/20 in Las Vegas next week! Let us know if you're around, we'd love to connect!

Wallbit is growing every day for multiple reasons: •The development of our acquisition channels •We're obsessed with metrics to improve customer support and retention. •Our product team is constantly improving our services But there’s another reason... The market itself is growing fast too📈 Let’s dive into that: As a global neobank for remote workers, we’ve witnessed how remote hiring has exploded, especially post-pandemic. Why is this happening? •With internal communication tools making remote work seamless, the need for physical office collaboration is a thing of the past. So if companies start hiring talent across cities, why not across countries? •Cross-border payroll and global neobanks emerge to solve all these international banking needs, Wallbit is one of them but our competitors are important here too! We’re all developing this market together (if you’d like to know what's Wallbit doing to lead this market just reach us out!) •Governments are also shaping the regulatory and taxation landscape to integrate this new remote work model (aka contractors), making them feel less like “outsiders.” Here's a powerful stat: ~25% of the customers we onboard every month are working for a foreign company for the very first time... if this market weren't growing, these opportunities wouldn't exist. Let’s keep moving forward! 🚀

¡Seguimos sumando nuevos clientes a nuestra API! Hoy queremos darle la bienvenida a Wallbit (YC W23) a nuestro servicio tecnológico. Wallbit es un NeoBank para trabajadores remotos que ofrece cuentas en Estados Unidos, pagos en Argentina, inversiones en bolsa, tarjeta, entre muchos otros servicios. Desde hace unos días Wallbit trabaja con la infraestructura legal, financiera y tecnológica de Let’sBit para procesar sus pagos en Argentina ¡Gracias por confiar en nosotros Rodrigo Vidal,Tomás Bruzza y todo el equipo de Wallbit!

Today, we’d like to talk about how Wallbit is simplifying the finances of remote workers. 💻 Our customers are professionals living in Latin America and working for U.S.-based companies. 🌎🇺🇸 Before Wallbit, they had to find complicated ways to receive their salaries. Typically, they would jump between 3 or 4 payment apps (mostly designed for remittances) to receive dollars 💵 and then cash out in their local currency. This process is slow 🐢 and super expensive —costing them around 5% of their income!! How are we solving it? 👇 Wallbit provides them with a U.S. bank account where they can receive their salaries, and it also allows them to withdraw directly to their local bank accounts in Latin America. Instead of taking days, this flow of funds now happens in literally 8 seconds! ⏱️ So how is this powerful feature improving our customers' financial lives? 💡 ✅ They have 100% immediate liquidity of all their savings in the U.S. While they can save in dollars (and even invest through our investment account 📈), they still have 24/7 access to their funds if they need to spend locally. ✅ They avoid the risks of P2P transactions! Without Wallbit, they would have to use multiple platforms or P2P currency exchange marketplaces, which come with potential scam risks 🛑. ✅ They can maximize their income by reducing withdrawal fees, saving in dollars to avoid inflation in their local currencies, and investing their savings in stocks, ETFs, or U.S. bonds 📊. It’s good to talk about our app features, but it’s great to talk about how they actually improve our customers' day-to-day lives. 🌟