Startup Idea: International Instant Money Transfer Application

Startup idea to create a software application that enables immediate cross-border money transfers akin to the speed of sending messages. This idea is aimed at reducing stress and uncertainty caused by fluctuating exchange rates and the current delay in the transfer process. It could be a game changer for people working or living overseas and the finance industry as a whole.

So, I work in the finance industry. I have worked overseas and now, I am based in New York.

Therefore, I have had many experiences with different cultures and people of all different social status.

From my experience, the most frustrating thing I have ever dealt with was dealing with the transfer of money over the border.

When I had money overseas, I absolutely hated it disappearing from my account but not landing in my United States account for 3-4 business days. During that time period, the exchange rate could have gotten better or worse!

Therefore, I was always stressed. If there could be a way to transfer money to someone directly, like as fast as we send messages, that would be absolutely massive for the entire industry.

For people living abroad, I think this would be a big weight off of their shoulder as well.