
Cross-border payments for emerging markets
capimoney.com (opens in a new tab)Capi Money builds financial infrastructure for trade in emerging markets, focusing on the problem of importers paying international suppliers — a transaction that remains slow and expensive wherever correspondent banking is thin. The stated aim is to grow GDP in those markets by making the global financial system fairer and more accessible, on the reasoning that businesses which can pay suppliers reliably are able to expand, create jobs and act as engines of prosperity rather than being capped by the mechanics of settling an invoice. The team is around 100 people across 10 countries.
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