Kontigo

Kontigo is developing a USDC-based smart neobank tailored for the Latino community in the United States and Latin America. Their platform aims to provide a seamless and efficient financial experience, leveraging the benefits of stablecoins and cryptocurrency. Within just 20 days of launching their peer-to-peer onramp, Kontigo has achieved impressive traction, including $540,000 in deposits, 10,000 active users, and a waitlist exceeding 300,000 individuals. The founding team brings extensive experience from leading fintech companies in Latin America and global players like Venmo, Nubank, Rappi, MercadoLibre, Ualá, Platzi, and Yuno. Kontigo is backed by prominent investors such as DST Global, Soma Capital, Pioneer Fund, Transpose, and numerous Y Combinator alumni.

Addressing the challenges of cross-border payments and currency depreciation in Latin America, Kontigo offers a solution through a USDC global wallet and a Bitcoin savings account. Traditional cross-border transactions to Latin America can be prohibitively expensive, with fees reaching up to 20% per transaction. Furthermore, the region has experienced significant currency depreciation over the past decade. Kontigo aims to provide a stable and cost-effective alternative, offering a Venmo-like experience on USDC, Zelle-like cross-border payments without limits, and Nubank & Revolut-like services backed by Bitcoin, mitigating the risks associated with inflationary currencies. The platform integrates user wallets with an AI-powered private banker on WhatsApp to facilitate international USDC transactions.