San Francisco-based fintech startup Multicent is gearing up for launch, aiming to provide a financial services super-app offering personal and business accounts and a range of financial products for individuals and merchants in 15 countries.
Billing itself as “the world’s first digital investment banking super-app and merchant banking platform”, Multicent will also offer commission-free investment products, a cryptocurrency exchange, credit cards business and market services.
Multicent claims that it “transforms informal financial systems to enable every entrepreneur and growing business to unlock their full potential”.
The company says it has already registered 358,000 personal accounts, including stock and crypto-trader accounts, and more than 10,000 professional clients on its waiting list.
Crypto traders can trade with over 750 different cryptocurrency and fiat currency pairs, including Bitcoin, Ethereum, and BNB, with as little as $1.
With the Multicent debit card, users can automatically invest a portion of their paycheck in their choice of stocks and crypto and get paid up to two days sooner with direct deposit.
Multicent offers financial products for founders, entrepreneurs and businesses, with real-time expense management and automated expense management software. These services pair with unlimited virtual corporate credit cards that earn rewards and build credit history.
The super-app will also support payment infrastructure, giving e-commerce businesses a managed and customizable solution to securely accept payments online. Users can also accept contactless payments on iPhone and Android devices using Tap to Pay.
Multicent was founded in 2021 and its waiting list is currently open for registration.