The innovative neobank, which calls itself a ‘PayPal for Africans,’ allows you to accept USD from anyone in the world by Wire / ACH.
In addition, the account also enables you to receive bitcoin and stablecoins becoming one of the first African companies to allow Africans to convert dollars to cryptocurrencies.
Speaking to BitKE, Mathias, the CEO / Co-founder, Santym, said:
“If you are an importer/exporter, travel agent business, software developer, or anyone who does international business and/or needs a U.S. bank account (with optional crypto integration), Santym is your choice.”
– CEO, Santym
Santym allows you to open either a business or a personal account quickly in about 5 minutes, but some accounts might take up to 3 business days.
Santym touts itself as a bridge between traditional finance and crypto for Africans that fixes international payment issues.
Below are Santym offerings:
- KYC / AML compliance
- U.S. bank account ownership
- Crypto custody
- ACH + Interntional Wire
- Interest-earning accounts from 4-12% APY
Santym has already secured trusted custodian and wallet partners to provide compliance and trusted remittance services across Africa.
The startup is founded by 2 Ethiopian entrepreneurs, Mathias Abdissa and Yearbsra Hailu, who are both passionate with years of experience in building e-Commerce and crypto solutions for Africa.
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: Look out for an upcoming exclusive BitKE interview the Santym CEO.
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