Broad Fintech Analysis: $125K Raised
What is Broad Fintech?
Broad provides a digital account and card for holding pounds, euros, and dollars. The service includes real-time currency exchange and cards for online, in-person, and withdrawal use. Broad ceased operations on March 16, 2026, according to its official notice page.
Location
123 Buckingham Palace Road, London, England SW1W 9SH, United Kingdom
Employees
1-10
Founded
2019
Investors
- Goodwater Capital
- 2 other undisclosed investors
Product Features & Capabilities
- Multi-currency account, real-time currency conversion, Broad card for international purchases, virtual and physical cards, online shopping, intelligent spending, travel expenses management.
Pricing
- £1 = R$ 0,00
-
- 1,10% de IOF
-
- 2,00% de Spread
How much Broad Fintech raised
Seed - $125K
2021Lead Investor: Y Combinator
Who are the founders of Broad Fintech
MP
Marcos Pileggi Filho
Founder
JA
Juliano Alves
Founder
Business Model
Revenue from transaction fees, financial interest margins, and premium services subscriptions.
Competitors Overview
Broad Fintech's main competitors in the digital multi-currency account and card market include:
- Eversend: Offers a multi-currency application for exchanging, sending, and receiving money, focusing on international money transfers.
- Cornerstone: Specializes in international payments and currency management, providing multicurrency accounts that benefit businesses dealing with multiple currencies.
- Swipe: Provides a multi-asset digital wallet and Visa debit card platform, emphasizing cryptocurrency transactions, which may attract a different customer base.
- Crosspay: Focuses on international money transfer services for personal and business needs, appealing to users seeking straightforward solutions.
- FasterPay: A digital payment platform offering multi-currency accounts and digital wallet transfers, catering to both personal and business users.
- Klanto: Concentrates on corporate card issuance and expense management, appealing to businesses looking for integrated financial solutions.
- PayAlly: Provides a suite of financial services, including international and local payment solutions, advantageous for users needing diverse payment options.
These competitors highlight the diverse landscape of financial technology services, with each company offering unique features that may cater to different segments of the market.
Market Focus
Broad Fintech primarily focuses on the financial technology (fintech) industry, specifically offering digital multi-currency accounts and payment solutions for international transactions.
See something that needs updating? Suggest edits to this profile.