Startup Idea: Real-time International Money Transfer Software

Startup idea to develop a software that allows real-time transfer of large amounts of money to overseas banks or accounts. This solution aims to minimize the time delay currently experienced in international money transfers in the finance industry.

For me, I work in the finance industry. It involves a lot of dealing with money and analyzing it for the large investors that I work for.

A massive pain point for me is the amount of travel time it takes for money to transfer overseas.

I am familiar with Chase Quick Pay (uses Zelle) and things like Venmo which is almost an immediate transfer of money.

However, when we are moving around large amount of money to banks, or accounts, overseas, it is frustrating that it takes many days to move.

It bothers me a lot but some of the people that I work with don't mind it. Therefore, if we could have a software that would simply allow for money to move in real time, it would be so helpful for everyone that is involved in the finance industry.