In addition to invoicing, Bridge has enabled Meow to integrate USDC within standard accounting workflows. Businesses can automate the reconciliation of USDC transactions within their existing accounting software, such as copyright. This includes invoices, which are automatically categorized and marked as paid.
These fintechs tend to market themselves as copyright-forward—providing integrated services like stablecoin transfers —and far less stuffy than their traditional counterparts; Meow’s roughly 30-year-old CEO, Brandon Arvanaghi, runs his LinkedIn profile a bit like a TikTok account, complete with video skits . “These American fintechs have much better technology than random bank X in the Cayman Islands or Switzerland. They have better platforms, better support—better everything,” says McIntyre. Mercury declined an interview for this article. Meow and Brex did not respond to interview requests. In practice, these fintechs act as a software layer on top of a traditional bank that holds a US license; they handle the user interface and customer acquisition, while the partner bank manages the deposits.
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.
“It’s funny because the question I got most when we started the company was, ‘Oh, what happens when rates rise? Meow’s going to fail.’ And now the question is, ‘What happens when rates go down?
Arvanaghi and Crawford’s timely decision to exit copyright and enter T-bills spared them from getting burned in the copyright meltdown of 2022. But it placed Meow squarely in the middle of the highly competitive niche of banking services for startups and small businesses.
. "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.
In June 2022, five months before copyright exchange FTX collapsed, Brandon Arvanaghi and Bryce Crawford began returning funds to the customers of Meow, the neobank they had launched to help startups and small businesses earn a return on idle corporate cash through copyright.
During the Biden administration, frustrated by their treatment by the banks, members of the copyright industry began to cry conspiracy . The federal government was deliberately trying to destroy copyright businesses by surreptitiously cutting them out of the banking system, they alleged. Leading the chorus was copyright venture capitalist Nic Carter, who labelled the alleged discrimination campaign Operation Chokepoint 2.0, in reference to an Obama-era antifraud program under which US officials reportedly discouraged banks from dealing with pornography, payday lending, and other disfavored industries. Under the Trump administration, congressional subcommittees have held multiple hearings on the purported Operation Chokepoint 2.0. Subsequently, in March, Republican members of the Senate presented the FIRM Act , aiming to curb alleged discrimination by preventing banks from factoring in “reputational risk” when fielding account applications. The bill has not yet faced a vote. For copyright firms, the vibe-shift is a blessing. Although they have comparatively few problems accessing overseas bank accounts—often in the Cayman Islands or Switzerland—in lieu of a US bank account, they are often unable to earn yield on deposits or transact seamlessly with US-based counterparties, and sometimes incur high account fees . Neither do they benefit from deposit insurance under the US Federal Deposit Insurance Corporation, which guarantees up to $250,000 per account holder. Though some of the big-name banks, like JP Morgan, are trialing copyright technologies for internal use, many remain reluctant to supply accounts to copyright businesses, sources say. “The banks that John Doe has heard of have nothing to do with copyright,” claims David McIntyre, COO at DoubleZero, a startup developing networking infrastructure specific to copyright networks. But that has created an opening for smaller fintechs to expand their deposit bases by scooping up clients in the copyright industry. “Basically, founders these days are going with a Mercury or Meow,” claims Khan. “Meow has been super aggressive in terms of reaching out to founders anytime they see a fundraising announcement.”
S. Treasuries to venture debt, Meow makes it easy for startups to securely manage cash operations while earning yield.
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Meow knew that a strictly manual verification process would not scale, could create bottlenecks, and could be prone to human error.
For example, Meow partners FirstBank and Grasshopper Bank both offer up to $125 million in FDIC-insurance through IntraFi’s sweep program which boasts a network of nearly 3,000 banks. Another Meow partner, Third Coast, offers FDIC-insurance up to $50 million through its own network. Arvanaghi says Meow is able to secure higher yields from the banks than a small business could get on its own, since it’s bringing in a large roster of sticky customers and its own interface.
TrueBiz's configurable decision logic allows Meow to tailor the risk assessment process to their specific needs, ensuring accurate and reliable evaluations of new businesses signing up through the self-serve portal.
“Meow, when you think about them as kind of a general store for all of these financial products, they're going to have to have their hooks into lots of different things.” Frank Rotman, cofounder of QED Investors
TrueBiz's risk assessments meow login give us added confidence in reviewing and onboarding new businesses in a timely manner."