What Husky does

Husky is a Brazilian fintech payment institution regulated by the Banco Central do Brasil that provides digital international money transfer and multi-currency account services. Founded in 2016 in Araraquara by Tiago and Mauricio and headquartered in São Paulo, the company operates as a foreign exchange correspondent of Ouribank S.A. Banco Múltiplo under CMN Resolution 4.935, enabling users to receive international wire transfers (primarily in USD, EUR, and GBP) via multi-currency IBAN accounts and convert them to Brazilian Real at commercial exchange rates without bank-spread markups. The legal entity, Husky Instituição de Pagamento Ltda. (CNPJ 35.486.142/0001-95), is part of the broader Nomad corporate group.

The product surface centers on a self-serve mobile and web application for individual "Global Workers" (Brazilian remote employees, freelancers, and contractors paid by foreign companies), supplemented by a Corporate batch payment service that lets foreign firms execute single wire transfers disbursed to multiple Brazilian recipients. Supporting offerings include Husky Academy educational content, an annual Global Worker Research publication, a CLT-vs-PJ salary calculator, and a Husky Creators affiliate program. Revenue is generated through transaction-based pricing: up to 1% on conversions above US$1,000 and a flat US$10 fee on smaller conversions, deducted from the original currency before conversion.

Husky's go-to-market is product-led and direct-to-consumer, executed entirely through digital channels (iOS, Android, and web), supported by content marketing, a 1,600+-member Telegram community, partner-platform integrations with Upwork, Deel, and Payoneer, referral and affiliate programs, and earned media coverage in Exame, Forbes Brasil, and Money Times. The company explicitly identifies as 100% bootstrap with no institutional venture capital or private equity backing, although a 2018 round entry lists Bossa Invest at a $0 notional (likely a SAFE or unconverted instrument). Since inception, Husky reports having processed R$2 billion (approximately US$400 million) in cumulative transaction volume, with a recent quarter showing 315% growth in transaction volume and 151% revenue growth.

Name

Husky

Legal name

Husky Instituição de Pagamento Ltda.

Website

https://husky.io

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Husky is a Brazil-based, Banco Central-regulated payment institution that provides multi-currency IBAN accounts and international wire transfer services to Brazilian remote workers and contractors receiving payments from foreign companies. It earns revenue through transaction-based FX fees, operating entirely via a self-serve app and web platform.

Ownership category

akta.pro rank

Product category

Cross-Border Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

International Wire Transfer Processing (SWIFT/Correspondent Banking) (FSAMAHAB), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB), Wire/RTP Reconciliation, Settlement & Nostro/Vostro Support (FSAMAHAH)

Keywords

• International money transfers
• Multi-currency accounts
• Cross-border payments
• Foreign exchange services
• Fintech payment platform

Headquarters

HQ city

Araraquara

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Foreign Exchange Transaction Fees: Revenue generated through a percentage discount applied to transaction volumes. For conversions above US$1000, up to 1% fee; for conversions up to US$1000, a fixed fee of US$10. The fee is deducted from the original currency before conversion, using the commercial exchange rate at the time of transaction.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Husky is a Brazilian digital payment platform that enables individuals and businesses to receive international wire transfers in foreign currencies (USD, EUR, GBP and others) via multi-currency IBAN accounts and convert them to Brazilian Real at the commercial exchange rate without bank spread markups. The platform also offers a Corporate batch payment service that allows foreign companies to pay multiple Brazilian recipients in a single wire transfer. All transactions are processed through the company's regulated payment institution framework, with Ouribank as the banking partner for foreign exchange operations.

Product overview

Husky is a Brazilian fintech company operating as a digital international payment platform. The core product is a multi-currency account and international transfer service that allows users in Brazil to receive wire transfers from foreign employers and clients (primarily in USD and EUR) and receive funds in Brazilian Real at commercial exchange rates. The platform integrates directly with Ouribank for foreign exchange processing. Supporting products include a Corporate batch payment service for businesses paying multiple Brazilian recipients, Husky Academy educational content, an annual Global Worker Research publication, a Creators affiliate program, and a CLT vs PJ salary comparison calculator. The company positions itself as an alternative to traditional banks by eliminating spread fees and bureaucracy from international money transfers.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Currency Husky Account A digital multi-currency account that provides users with international bank account details (IBAN) to receive foreign currency payments (USD, EUR, GBP and others) from foreign employers and clients. Funds are automatically converted to Brazilian Real at the commercial exchange rate and deposited into any Brazilian bank account. Targeted at Brazilian professionals and Global Workers earning income from abroad.
• International Money Transfer Platform A digital platform for sending and receiving international transfers to and from Brazil, enabling users to hold multi-currency balances and exchange currencies at commercial exchange rates without bank spread fees. Accessible via husky.io website and native iOS and Android mobile applications.
• Corporate Batch Payment Service (Pay People in Brazil) A corporate service enabling foreign businesses to make a single international wire transfer that Husky splits and distributes to multiple Brazilian individuals or companies simultaneously. Streamlines high-volume international payment operations such as contractor payroll and freelancer payouts for companies employing Brazilian remote workers.

Quantifiable outcome

• R$ 2 billion in total transaction volume processed
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Ouribank S.A. Banco MúltiplocoreTechnology or IntegrationOuribank is the banking partner that processes all foreign exchange transactions for Husky. Husky operates as a foreign exchange correspondent of Ouribank, as established in CMN Resolution 4.935. The partnership enables Husky to offer international payment services while Ouribank handles the actual fund transfers.
• Veem, Inc.coreTechnology or IntegrationVeem is the Payment Processor for Nomad's Fluxo platform services. The partnership provides payment account boarding, payment screening, and payment data transmission services to facilitate money transmission through Veem's infrastructure.
• PayoneerminorChannel Partner/ Reseller/ DistributorListed as a partner platform on Husky's site map, enabling Brazilian professionals who receive payments through Payoneer to easily transfer funds to Brazilian bank accounts via Husky.
• UpworkminorChannel Partner/ Reseller/ DistributorFeatured partner for Brazilian freelancers using Upwork to receive international payments, with dedicated landing page and integration for seamless payment receiving.
• DeelminorChannel Partner/ Reseller/ DistributorPartner platform for international contractor payments, allowing companies using Deel to pay Brazilian contractors through Husky's infrastructure.
• LeanDNAminorOthersNote: This appears to reference a different company called Husky (Husky Technologies) in the manufacturing sector, not the Brazilian fintech company being analyzed.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Nomad Global: Brazilian fintech offering USD/EUR-denominated accounts and BRL payouts for Brazilians earning abroad. Husky and Nomad appear to share a corporate relationship (logo references 'by nomad') and directly compete for the same Global Worker persona with similar multi-currency IBAN products.
• Wise: Global cross-border payments leader with multi-currency accounts and transparent mid-market FX pricing. Directly comparable to Husky's value proposition of commercial exchange rates without bank spreads, with active Brazil inbound corridor and growing LatAm presence.
• Remitly: Digital remittance company with strong presence in the Brazil inbound corridor from the US and Europe. Targets similar user personas (migrant workers and remote professionals) with comparable digital onboarding and transparent fee structures.
• Payoneer: Global payments platform serving freelancers, marketplaces, and remote professionals. Husky is listed as a partner platform integration for users receiving Payoneer payouts who want BRL deposits, indicating direct overlap in the cross-border freelancer payment flow.
• Deel: Global payroll and contractor management platform. Husky's partnership with Deel positions it as a BRL payout rail for contractors paid through Deel, making Deel both a partner and a potential competitor as it expands its own payout infrastructure into Brazil.
• EBANX: Brazilian-focused payment processor serving cross-border merchants and platforms. Operates in the same regulatory perimeter (licensed by Banco Central do Brasil) and serves overlapping use cases for international funds movement into and out of Brazil.

Broad incumbents

• Western Union: Traditional global remittance incumbent with extensive agent network and digital channels, including a strong Brazil corridor. Competes with Husky for cross-border money transfer volume, but lacks Husky's digital-first UX and transparent commercial FX positioning.
• MoneyGram: Global money transfer operator with significant Brazil inbound volume from the US and Latin America. Represents the legacy incumbent alternative to Husky's digital-only model for cross-border transfers into Brazilian bank accounts.
• Revolut Business: Global digital banking platform with multi-currency accounts and international transfer capabilities. As Revolut expands into Brazil and Latin America, it represents an emerging broad incumbent threat with deeper liquidity and broader product suite.

Emerging players

• Conduit (formerly Bitso Business): LatAm-focused cross-border payments platform built on stablecoin rails for B2B payouts. Targets similar Brazilian and LatAm cross-border payment use cases with a different technical approach (blockchain-based settlement) that could either complement or compete with Husky.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/husky-io
• Xx.com/social_husky

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Husky