Keeta, a startup aiming to be the Venmo of international payments, just raised $17 million in a round backed by ex-Google CEO Eric Schmidt with this 13-slide pitch deck

Ty Schenk, CEO and founder of Keeta
Ty Schenk, CEO and founder of Keeta. Keeta
  • Cross-border payments startup Keeta has raised $17 million in fresh funds.
  • The seed round was backed by an array of investors including ex-Google CEO Eric Schmidt.
  • Check out the 13-slide pitch deck Keeta used to raise the fresh capital below.
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Cross-border payments startup Keeta has raised $17 million in a seed funding round backed by an array of investors including former Google CEO Eric Schmidt.

The California-based company, founded in 2022, aims to simplify and speed up international payments and uses ledger technology to underpin its platform. Keeta offers lower settlement fees on transactions and has built a turnkey solution that financial institutions and fintechs can access through an API.

"We want to make international payments as easy as Venmo, and I don't mean just sending $20 to your friend. We want to make it just as easy for a manufacturer in Indiana to send $200,000 to a vendor in Germany," Keeta CEO and founder Ty Schenk told Insider.

"The problem with cross-border payments right now is that they are slow, expensive, and often really complicated for the average person."

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International payments and remittances have traditionally been dominated by players like WesternUnion, but in recent years new tech propositions like Wise and Remitly have emerged. Generally, costs emerge due to the myriad of different payment systems between countries, their currencies, and the exchange rates between them on interchange. Keeta claims it will be able to reduce the fees and costs associated with money transfers because of its propriety ledger. 

The company's $17 million in funding partially comes from former Google CEO Schmidt alongside other, unnamed investors. Keeta's mobile app is launching alongside its funding announcement where it will be available in the US, Canada, Mexico, Brazil, the United Kingdom, and the European Union.

"I feel really lucky to have met people in the venture community who are as enthusiastic about Keeta's mission as I am, and want to be involved as investors," Schenk added. "We've spent a long time perfecting this product, forming partnerships around the world, and making sure that it's more secure and performant than anything else on the market."

Funding will go towards building out the company's go-to-market strategy and expanding its sales and marketing teams.

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Check out Keeta's 13-slide pitch deck below:

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