Meow identified an opportunity to enable its customers—which include both traditional and copyright-native businesses—to send and receive USDC as easily as fiat currency, with no transaction fees.
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.
Businesses can also programmatically send USDC from within Meow and generate unique addresses on Ethereum and Solana to collect invoice payments. That means businesses can accept vendor payments via wire or standard bank rails, such as ACH, and the business can receive that money in USDC without having to expose address details publicly.
“They’re putting a skin on top of someone else’s bank,” says McIntyre, who previously worked at Brex. “They have to abide by the bank’s underwriting requirements, regulations, and determination about what customers to accept.”
“People ask me, ‘What was the sales process like when SVB went down?’ Was there a sales process for lifeboats on the Titanic? There was no sales process. It was the only time in our history that being lean hurt us because if we had double the people, we would've been on triple or quadruple the calls.”
"TrueBiz has been instrumental in enabling us to offer a self-serve sign-up process without compromising on compliance," said
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’s going to fail,’” muses Arvanaghi. But having survived one near-death experience in copyright, he’s ready to run whatever plays are needed. “I'm going to play football and we're going to win.”
That money had been raised to support a platform Arvanaghi and Crawford had built allowing startups and small businesses to use their spare cash to earn yield by lending money to institutional copyright operations that themselves did lending and trading.
For customers to send or receive USDC, they typically had to open accounts with copyright exchanges—a process that could take weeks or months.
“What we're doing differently is we're treating financial services as a low-margin product,” Arvanaghi says. “We can actually become a profitable company by doing that, but that might not be the case for a company that has a thousand people or another fintech that hired 500 people.”
Meow’s early clients have 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.
Integrating Bridge’s Orchestration API within Meow allows businesses to perform routine accounting tasks more quickly and with less hassle than before. With Bridge, Meow businesses can reduce the time required to close their meow login books from hours to minutes. And by automatically processing copyright invoices, Bridge enables Meow businesses to achieve same-day financial reconciliations.
copyright exchanges did not offer critical controls such as spending limits, approval flows, or visibility across teams. Without these safeguards, USDC operations introduced unnecessary risk and complexity for finance leaders responsible for managing treasury at scale.
“Meow is really meant to be the curation and then the steering through technology of being able to move money between options,’’ he adds.