Keeta – a new global payments platform offering instant and secure cross-border monetary transactions – recently announced its official launch with $17 million in funding from investors, including Eric Schmidt.
Powered with a highly scalable proprietary ledger technology, capable of processing over 50 million transactions per second and a network of interconnected real-time payment rails, Keeta’s platform dramatically reduces the time and fees typically associated with international money transfers. Other current cross-border payments can cost upwards of 5% of the amount transferred and take nearly a week to process and Keeta empowers customers to send these payments instantly at a fraction of the price.
By accessing the Keeta Platform through easy-to-use APIs or custom integrations, fintech companies and financial institutions can improve customer experiences by reducing the costs and delays associated with funding customer accounts and delivering payments. Along with its business tools, Keeta is launching a consumer-facing mobile app, allowing instant transfers between friends and family worldwide.
Keeta is currently available by invitation in the U.S., Canada, Mexico, Brazil, the United Kingdom, and the European Union.
KEY QUOTES:
“We want to make international payments as easy as Venmo. I’m really proud of the technology our team has built. Keeta connects places like São Paolo and New York with more convenient, safe, and secure payments while adhering to the highest regulatory standards.”
— Ty Schenk, CEO and Founder of Keeta
“Keeta’s technology is orders of magnitude more scalable and efficient than existing solutions. I’m thrilled to support Ty and his team in their mission to modernize global payments.”
— Eric Schmidt, investor and former CEO of Google
