It charges an average annual 0.12% fee for money parked on its T-bill platform, though that varies by customer, Arvanaghi says. Similarly, it collects a small interest rate spread on the checking accounts through its bank partners.
Not all of the products will make money for Meow right away—for example, it doesn’t currently get anything from the mortgage marketplace. Right now, it’s bringing in about $1 million in revenue a month through tiny fees and spreads.
Importantly, Bridge was able to move at the speed Meow expected from its stablecoin partner. The solution was live less than a month after development began, making Meow the first business banking company in the United States to offer these capabilities.
For business checking accounts at the same underlying bank, you can perform instant internal transfers:
This automation enables Meow to efficiently handle the lowest-risk cases while significantly enhancing the efficiency of their compliance team’s review.
. "Their intelligent controls and automated solutions have allowed us to continue scaling thoughtfully, knowing that we have robust fraud detection in place in addition to our existing processes.
Once approved, businesses often had to dedicate engineering or trading resources to operate and secure these accounts, creating significant friction and delaying access to liquidity.
Meow enables customers to earn interest through high-yield checking accounts, purchase T-bills with lower annualized fees than traditional financial institutions offer, and benefit from continuous innovation on both its technology and its financial products.
Treasure specializes in corporate treasury management within the financial services sector, offering a cash management platform for managing surplus business funds. The company provides investment solutions managed by an experienced investment team, focusing on security and compliance.
Meow was born in early 2021 in a Miami apartment where Arvanaghi and Crawford were holed up writing code and cold-calling investors. The duo had become friends at Vanderbilt University while both were studying computer science. They overlapped briefly at copyright exchange copyright where they were both engineers before Arvanaghi left for a stint at a bitcoin mining company.
But two products aren’t enough when it comes to luring–and keeping–their target customers. Recently, Meow began offering mortgages for founders and launched a venture debt platform where startups can apply to receive financing from private credit funds and banks who bid on the deals.
Meow’s early clients have meow business been other startups such as venture deal platform Sydecar and investing focused social media site Stocktwits. But it plans to go after other types of small-to-medium sized businesses, including professional service firms like dental and law offices.
Meow is building tools to address this problem, especially for those companies that need help managing their copyright assets and payments.
“Bridge easily met our technical requirements for a stablecoin partner, but more importantly, they were the kind of partner we knew we needed to work with: a high-slope team that understood our vision and could move fast enough to help us achieve it.
“Meow is really meant to be the curation and then the steering through technology of being able to move money between options,’’ he adds.