Multicurrency bank account for businesses
At Levro (Y S21), our mission is to build the financial backbone for global commerce. We are building financial infrastructure to allow any company to frictionlessly expand to any country. We help companies avoid complex/costly conversions, by holding 30+ different currencies in one US bank account. This means they can receive and pay funds internationally as if they had a local bank account, and our FX conversion fees are 4-8x cheaper than traditional banks.
Opening a bank account abroad as a business can be really hard: it can take up to 6 months in the UK, and you often even need to fly to Canada to open a Canadian bank account! Once accounts are open, banks charge high fees to convert between currencies, and the setup can be complicated to administer.
We closed an oversubscribed seed round from incredible fintech investors and operators, including YCombinator and the founders of Yahoo, Eventbrite, Monzo and others. We're 2x YC founders and experienced operators - Cathy founded a big data SaaS business that processed over $4bn in transactions, and Abeer built a hedge fund with over $1.5bn in AUM. As immigrant founders, we want to build the best global business bank, to give makers access to more markets and make finance as global as commerce.
As an early Senior Engineer, you’re sure to have a big impact! You’ll shape our product and technology direction, as well as support an engineering culture that empathizes with our customers, users, and other team members.
You’ll help define the rest of this list! We have plenty of ideas for what technologies make sense here, but we need your help to turn those ideas into product.
Levro is a new multicurrency business neobank. We help companies expand overseas by giving them the ability to hold, convert, and pay in/out of 30+ currencies using one account. Businesses can go global and hold $, €, £, ¥, etc., convert at better wholesale rates, pay in/out using local payment rails, and automate FX optimization.