Moreta
Moreta operates Moreta Pay, a mobile wallet enabling international travelers, expats, and digital nomads to scan local QR payment codes across 16+ countries in Southeast Asia and Latin America without a local bank account, monetizing via a 1.5% transaction fee, FX spreads, and a $9.99/month Gold subscription.
- Company typePrivate
- Founded2024
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Moreta does
Moreta is a Y Combinator-backed fintech that built Moreta Pay, a mobile wallet enabling international travelers, digital nomads, and expatriates to scan local QR payment codes across 16+ markets in Southeast Asia and Latin America without holding a local bank account. The app integrates fragmented local payment standards including PromptPay, ThaiQR, KHQR, QR Ph, DuitNow, SGQR, QRIS, PayPay, VietQR, Zero Pay, Bre-B, Yape, Plin, BCB QR, Nequi, Daviplata, Daviplata, and $imple, with bank funding connected through Plaid and onboarding KYC handled by AiPrise. The platform also extends into online shopping (Lazada, Shopee), ride-hailing and delivery (Grab, LINE MAN), travel booking (Trip.com, Agoda), and bill payments.
The product is distributed as a self-serve iOS and Android app acquired through the app stores and a content-led funnel (blog, Instagram, WhatsApp community, YC listing). Moreta monetizes through three streams: a flat 1.5% fee on QR transactions in Latin America, FX margins on currency conversion (advertised as mid-market rates with zero FX markups), and a $9.99/month Moreta Gold premium subscription. The company is headquartered in San Francisco, operates as Moreta Global Inc., and is FinCEN-registered and MSB-licensed under U.S. financial security standards while complying with GLBA and Regulation P.
Founded in 2024 with 1-10 employees and a $500K seed round led by Y Combinator in September 2024 (with Newgen Venture Partners), Moreta is at an early stage. Strategic emphasis is on rapid geographic and product surface expansion: a 2025 LATAM launch extends coverage beyond an initial Southeast Asia footprint, and partnerships with Lazada, Grab, LINE MAN, Trip.com, Agoda, and Issara Platforms layer the wallet into commerce, mobility, and visa ecosystems targeting the 67 million annual international travelers with $127 billion in spending across Asia.
Moreta firmographics
Firmographics- Name
- Moreta
- Legal name
- Moreta Global Inc.
- Website
- https://moretapay.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Moreta operates Moreta Pay, a mobile wallet enabling international travelers, expats, and digital nomads to scan local QR payment codes across 16+ countries in Southeast Asia and Latin America without a local bank account, monetizing via a 1.5% transaction fee, FX spreads, and a $9.99/month Gold subscription.
- Ownership category
- akta.pro rank
Moreta industry classification
Industry- Product category
- Cross-Border Mobile Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- QR Code Payments Wallets (FSAMAEAC)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), In-App / Online Checkout Wallets (FSAMAEAH)
Keywords
Where Moreta is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Moreta business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure
Revenue model
- QR Transaction Fees: Flat fees charged on QR code payments. In Colombia and Bolivia, QR transactions carry a flat 1.5% fee per transaction. This is the primary revenue stream as users pay merchants via QR codes.
- Gold Subscription: Monthly subscription service priced at $9.99 USD providing premium benefits. Automatically renewed each month unless cancelled. Users who cancel are downgraded to standard service.
- Foreign Exchange Spread: Revenue generated through currency exchange spreads when converting USD, GBP, or EUR to local currencies (Thai baht, Philippine peso, Vietnamese dong, etc.) at the time of transactions. Mid-market rates offered to users.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Moreta Gold Subscription - Premium tier at $9.99/month |
| Transaction based/ take rate | Pay-as-you-go | Standard Service - Free tier with transaction fees |
| Transaction based/ take rate | Pay-as-you-go | Bolivia QR Payments - 1.5% flat transaction fee |
| Transaction based/ take rate | Pay-as-you-go | Peru QR Payments - 1.5% flat transaction fee |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Moreta product offering
Product offeringCore offering
Moreta Pay is a mobile digital wallet that lets international travelers, expats, and digital nomads scan local merchant QR codes for cashless payments across 10+ countries in Asia and Latin America without needing a local bank account. Users link a US, UK, or EU bank account through Plaid, fund the wallet, and pay merchants at mid-market FX rates via integrations with national QR networks such as PromptPay, QR Ph, KHQR, VietQR, Bre-B, Yape, and Plin. The app also supports online shopping, bill payments, and international remittances, and offers a premium Gold subscription tier.
Product overview
Moreta Pay is a single unified mobile payment platform for international travelers, expats, and digital nomads. The core product, Moreta Pay, allows users to connect their US, UK, or EU bank account via Plaid, fund a digital wallet, and make QR code payments at local merchants across Asia and Latin America without needing a local bank account. The platform spans four main use cases delivered as integrated sub-products within the same app: QR Code Payments (scanning local merchant QR codes via networks like PromptPay, KHQR, QR Ph, Bre-B, Yape, Plin, and others), International Money Transfers/Remittance (QR-to-bank and direct bank transfer remittances), Bill Payments (utilities like electricity, water, internet, mobile via Lazada or direct QR codes), and Online Payments (e-commerce, travel, and food delivery platforms). Moreta also offers a premium Gold Subscription add-on at $9.99/month with enhanced features.
Differentiator
Problem solved
Functional benefit
Products and services
- Moreta Pay Mobile payment platform (iOS and Android) that enables international travelers, expats, and digital nomads to scan local QR codes at merchants across 10+ countries in Asia and Latin America without holding a local bank account. Users link a US, UK, or EU bank account via Plaid, fund a digital wallet, and pay merchants with mid-market currency conversion. Supports QR Code Payments, International Remittance, Bill Payments, and Online Payments use cases in a single app.
- Moreta Gold Subscription Premium monthly subscription tier for the Moreta Pay app priced at $9.99 USD per month, automatically renewed on the first business day of each month from the linked bank account. Provides enhanced features on top of the standard Moreta Pay service and downgrades users to standard service upon cancellation.
Quantifiable outcome
- Zero FX markups on exchange rates vs typical 3-5% markup from banks
- +2 more outcomes
Companies that use Moreta
Customer profileSegments3 records
Ideal customer profiles3 records
Moreta technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
AI capability4 records
Feature8 records
Moreta partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- PlaidcorePlaid provides secure bank account connections for Moreta users. Connected funds are insured and stored in trusted banks. Plaid is the trusted industry leader in financial connections, enabling ACH transfers from user bank accounts.
- AiPrisecoreAiPrise provides machine learning-powered identity verification services. Used to verify user accounts using passport photos and selfies to block fraudulent actors during account creation.
- Moreta Pay (referenced in Issa Compass partnership context)minorPart of Issara Platforms' cross-border mobility ecosystem strategy alongside Genki and Cursor Thailand, enabling visa platform users to make local payments.
- LazadacoreIntegration with Lazada e-commerce platform enabling Moreta users to scan QR codes generated on Lazada to complete online payments for shopping. Also used for utility bill payments through Lazada's platform.
- GrabcoreSoutheast Asia's leading ride-hailing, shipping and food delivery app. Moreta users can scan driver QR codes or import QR codes from the Grab app to make payments for taxi rides and food delivery.
- LINE MANcoreThailand's on-demand ride-hailing and food delivery app. Moreta users can make online payments without local bank accounts. LINE MAN offers English translations and serves all provinces in Thailand.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Moreta competitors and assessment
Company assessmentDirect peers
- Wise: Wise (formerly TransferWise) is a cross-border multi-currency payments platform serving consumers, freelancers, and businesses. It directly competes with Moreta in the multi-currency, mid-market FX, and cross-border payment use case for travelers and digital nomads, but does not currently focus on local QR network interoperability.
- Revolut: Revolut is a global digital bank offering multi-currency accounts, FX at interbank rates, and travel-oriented spending features. It targets the same international traveler persona as Moreta and has begun regional QR integrations, making it a direct competitor in the cross-border wallet category.
- Airwallex: Airwallex provides cross-border payments, FX, and multi-currency accounts primarily to businesses but increasingly to consumers and travelers. Its regional payment-rail integrations and FX at mid-market rates are directly comparable to Moreta's value proposition.
- Remitly: Remitly is a digital remittance platform focused on sending money from developed markets to emerging markets, with a strong corridor footprint in Southeast Asia and Latin America. Moreta's remittance product competes directly with Remitly for cross-border senders.
- N26: N26 is a European digital bank with multi-currency accounts, travel-friendly debit cards, and interbank-rate FX. It competes with Moreta for European travelers paying abroad and overlaps on the cross-border spending and FX use case.
Emerging players
- Genki: Genki is a travel-focused insurtech and fintech for nomads and long-term travelers, explicitly referenced alongside Moreta in Issara Platforms' cross-border mobility ecosystem. It targets the same digital nomad and expat segments with overlapping travel-payment use cases.
Broad incumbents
- Western Union: Western Union is a global incumbent in cross-border money transfer and FX, with extensive retail and digital channels. While its core product is remittance rather than traveler QR payments, it competes for the same cross-border send-and-spend wallet customer.
Regional players
- Grab (GrabPay): Grab is Southeast Asia's leading super-app with a built-in wallet (GrabPay) and extensive QR acceptance across the region. It is both a partner of Moreta (integration source) and a potential competitor if it opens GrabPay directly to inbound foreign travelers.
- PayPay: PayPay is Japan's dominant QR payment network with hundreds of millions of merchants, integrated into Moreta as a payment rail. As a regional player, it shapes the economics and competitive context for any Japan-bound traveler wallet, including Moreta's.
Others
- Nequi: Nequi is one of Colombia's leading digital wallets and a node in the Bre-B interoperable QR network that Moreta integrates with. It is not a direct competitor to Moreta for inbound foreigners, but as a major local rail it influences the interoperability and economics of Moreta's Colombian corridor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
Moreta social profiles
Digital presenceMoreta compliance and trust
Trust signalCompliance4 records
Moreta financial estimates
Financial estimateRevenue estimate
Valuation estimate
Moreta leadership team
Management profileNumber of profiles
Profiles2 records
Moreta funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Moreta M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Moreta
What does Moreta do?
Moreta Pay is a mobile digital wallet that lets international travelers, expats, and digital nomads scan local merchant QR codes for cashless payments across 10+ countries in Asia and Latin America without needing a local bank account. Users link a US, UK, or EU bank account through Plaid, fund the wallet, and pay merchants at mid-market FX rates via integrations with national QR networks such as PromptPay, QR Ph, KHQR, VietQR, Bre-B, Yape, and Plin. The app also supports online shopping, bill payments, and international remittances, and offers a premium Gold subscription tier.
Is Moreta a public or private company?
Moreta is a private company. It is classified as venture growth investor backed and is currently operating.
When was Moreta founded?
Moreta was founded in 2024. It employs 1 to 10 people.
Where is Moreta based?
Moreta is headquartered in San Francisco, United States, in the North America region.
How does Moreta make money?
Three revenue lines are on record. QR Transaction Fees are the primary driver. The others are gold Subscription and foreign Exchange Spread.
Who are Moreta's main competitors?
Direct peers on record are Wise, Revolut, Airwallex, Remitly and N26. Genki is listed as an emerging player. Western Union is listed as a broad incumbent. Regional players are Grab (GrabPay) and PayPay. Nequi is listed as an others.
Does Moreta have an API?
No public API is recorded for Moreta.
What industry is Moreta in?
Moreta's product category is Cross-Border Mobile Payments. Its primary akta.pro industry code is FSAMAEAC, QR Code Payments Wallets, with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 52232.