Open the doors to global opportunities 🚀✨ #CashAbroad #Techstars #Payments #LATAM #CrossborderPayments #Exports #Imports
Next up in our founder and company feature series let's meet RUTH GH and Braulio Alejandro Ramirez Montiel with CashAbroad! "What problem are you solving?" Importers and exporters still rely on antiquated financial systems, constrained by banking hours, dependent on account managers, and exposed to currency risks that affect their profit margins and day-to-day operations. In 2022, a staggering $56T was exchanged globally through import and export activities. Despite these businesses being the backbone of our global economy, they remain significantly underrepresented. "What makes your solution unique?" CashAbroad is an all-in-one platform that enables companies to make international payments directly 24/7, exchange currencies, and instantly access digital dollars, euros, and other currencies through a wallet. It also offers short-term loans for your import and export activities. "Why now?" Latin America and Mexico are emerging as strategic locations for supply chains. This is primarily due to a shift in economic distribution that is prompting companies to consider Mexico for nearshoring. Additionally, Mexico initiatives like the Interoceanic Corridor are forging stronger connections between Asia and Europe. In 2023, Mexico surpassed China to become the largest trading partner of the United States, with imports amounting to 255 billion dollars. Given the anticipated growth in international trade, the current climate presents a golden opportunity to innovate financial services within the import and export industry. "Why are you the team to win?" Ruth and Braulio's experience in companies such as PwC, Sony, Telmex and Walmart, extensive knowledge in payments, and passion for international commerce have given them a unique advantage in introducing new solutions to the industry.