Wallbit

Wallbit is a neobank founded in Argentina in 2022, designed specifically for global remote workers, especially in Latin America. The company offers US bank accounts, debit cards, and investment accounts, allowing users to manage their finances remotely without needing to be physically present in the US. Wallbit's services enable users to receive payments in US dollars, hold funds in US bank accounts, and withdraw money locally in their home currencies or cryptocurrencies. The platform addresses the challenges remote workers face with local banks, which often do not support US dollars or impose high fees on international transfers. Wallbit provides a business portal for companies to pay contractors globally, facilitating seamless payroll management. With over 25,000 individual customers and more than 1,500 American businesses using its services, Wallbit has established itself as a key player in the fintech space for remote workers. The company has raised $1.5 million in funding and was accepted into the Y Combinator Winter 2023 accelerator program, reflecting its innovative approach to financial services.