Cross-border payments platform Keeta launches with $17m funding

By Delisha Fernandes

Keeta, a payments platform offering instant and secure cross-border monetary transactions, announced its official launch with $17 million in funding from investors, including Eric Schmidt and Steel Perlot Management, LLC.

Keeta’s platform reduces the time and fees typically associated with international money transfers. Whereas current cross-border payments can cost over five per cent of the amount transferred and take nearly a week to process, It empowers customers to send these payments instantly at a fraction of the price.

Keeta is a payment platform that provides instant and secure monetary transactions across borders. With its unique ledger technology and network of global partners, Keeta improves the efficiency and interoperability of existing systems, enabling international transactions to be made safely, in seconds, and at a fraction of the cost.

“We want to make international payments as easy as Venmo,” said Ty Schenk, CEO and Founder of Keeta. “I am proud of the technology our team has built. Keeta connects places like Sao Paolo and New York with more convenient, safe, and secure payments while adhering to the highest regulatory standards.”

“Keeta’s technology is orders of magnitude more scalable and efficient than existing solutions,” said Eric Schmidt, investor and former CEO of Google. “I am  thrilled to support Ty and his team’s mission to modernise global payments.”

By accessing the Keeta Platform via easy-to-use APIs or custom integrations, FinTech companies and financial institutions can improve customer experiences by reducing the costs and delays associated with funding customer accounts and delivering payments. In addition to its business tools, Keeta is launching a consumer-facing mobile app, allowing instant transfers between friends and family worldwide.