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Reinvent banking by using a DeFi digital ecosystem protocol offering new banking service11-50 Employees
  • Early Stage
    Startup in initial stages
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Reinvent banking by using a DeFi digital ecosystem protocol offering new banking service
The World Bank and United Nations Migration Report estimate that 272 million migrants sent $689 billion through conventional banks and $1.76 trillion through underground remittances in 2020.

Underdeveloped countries often lack access to formal banks, making it difficult for money to flow between countries. Underground remittances offer a convenient alternative, but often involve high fees and are subject to unfair exchange rates.

Bitcoin and other cryptocurrencies appear to be the solution to the remittance problem. Bitcoin and other cryptocurrencies fail because of their non-scalable technology, expensive proof-of-work blockchain fees, currency volatility, and difficulty of use.

Asdra is developing a decentralized financial infrastructure and blockchain protocol that combine a stable-token remittance system that provides a smooth user experience, utilizing Blockchain to give financial access to anyone.
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Kittituch Thanaraksalakul
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Francesco Cardullo
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Francesco Cardullo is the Co-Founder & Business Lead of Asdra, an innovative Fintech company pioneer of innovation with the goal of making digital banking equal and usable by anyone, everywhere, instantly.
Mintra Saenbua
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She is a crypto and financial enthusiast who is driven by the desire to be part of something significant, with wide-ranging experience in several industries, as well as having the privilege of working with experienced professionals.
Valuation

$7M

Funded over

1 round

Latest round

Pre-Seed (Jun 2021)

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