What Bithonor does

Bithonor operates as CR Tecnología y Finanzas SpA, a Chilean-incorporated fintech founded in 2019 by Venezuelan entrepreneurs to facilitate cross-border money transfers for Latin American migrants. The platform enables individual and enterprise users to send funds from seven or more sending countries — including Chile, Argentina, Brazil, Colombia, Peru, Dominican Republic, and Europe — to Venezuela and other Latin American destinations. Its core technology intermediates transfers by executing buy/sell orders for stablecoins (USDT, USDC) on alternative exchange platforms, then converting to local currency and delivering to beneficiaries' bank accounts. This stablecoin-based architecture is positioned to deliver faster settlement (30 minutes to 2 hours during business hours) and lower costs than traditional remittance channels, which the company references as charging 7-8% in commissions.

The product suite comprises three tiers: the core Bithonor platform for individual remitters with self-service web and mobile access; Bithonor SPA (Cuenta Empresarial), an enterprise tier for bulk payments, cross-border payroll, and supplier payments; and Marca Blanca, a white-label solution for partners seeking branded deployment of the remittance infrastructure. Bithonor charges a 3% service fee per transaction plus an exchange-rate margin, with no additional commissions on international transfers. Distribution is exclusively digital — web platform, mobile app, and country-specific WhatsApp support lines across six markets — supplemented by participation in industry events such as the Chile Fintech Forum 2025.

The company operates under Chilean regulatory oversight, holding UAF registration No. 3067 as a reporting entity for AML/CFT compliance and CMF registration No. 183 as a financial service provider, with a formal Crime Prevention Manual under Law 20.393. As of late 2023, the platform reported 7,000+ registered users, with the employee count between 11 and 50. Strategic institutional partnerships include AWS (cloud infrastructure), SERCOTEC and CORFO (Chilean state development agencies), FinteChile (industry association), and the Cámara de Comercio de Santiago. No external funding rounds, M&A activity, or revenue figures are publicly disclosed.

Name

Bithonor

Legal name

CR TECNOLOGÍA Y FINANZAS SpA

Website

https://bithonor.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Bithonor is a Chilean-regulated digital remittance platform serving Latin American migrants, intermediating cross-border transfers from 7+ sending countries to Venezuela and other destinations via stablecoin-based settlement, with individual, enterprise, and white-label product tiers.

Ownership category

akta.pro rank

Product category

Cross-border remittance services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto-Enabled Cross-Border Transfers & On/Off-Ramps (FSAGAKAO)

akta.pro secondary industries

Consumer P2P International Remittances (FSAGAKAA), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Consumer Remittances (P2P) (FSAMAIAA), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE)

Keywords

• Cross-border remittances
• Stablecoin payments
• Digital money transfers
• Latin America fintech
• Migrant remittance platform

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Service Fee / Transaction Fee: Variable tariff of 3% of the total remittance value calculated in Chilean pesos (Tarifa de Servicio). Charged per transaction prior to execution. No other commissions or charges beyond this fee and the daily exchange rate apply. Subject to VAT.
2. Exchange Rate Margin: Revenue generated from the spread between the exchange rate applied to the customer and the rate at which Bithonor transacts on exchanges. The service fee is explicitly separate; the primary monetary exchange risk and margin lie in the difference between displayed and market exchange rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Bithonor operates a digital cross-border remittance platform that enables individuals and businesses to send money across Latin America. The platform intermediates international money transfers by purchasing and selling stablecoins (USDT, USDC) on alternative exchanges and converting them into local currency for delivery to beneficiaries' bank accounts. It serves Latin American migrants sending remittances to family members, as well as enterprises needing bulk cross-border payments, payroll, and supplier remittances, with a self-service web/mobile interface complemented by WhatsApp-based personalized support.

Product overview

Bithonor operates as a unified digital financial platform specializing in international money transfers and remittances across Latin America. The core Bithonor platform serves individual users with commission-free transfers using real-time exchange rates and cryptocurrency-based intermediation. Business clients are served through Bithonor SPA (Cuenta Empresarial), which offers bulk payment processing, supplier payments, and payroll capabilities with API access. A white-label solution (Marca Blanca) enables enterprises to deploy branded versions of the platform. The ecosystem also includes a companion web application for account management, verification, and transaction tracking.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Transfers processed in 30 minutes to 2 hours once funds are available in Bithonor accounts
• +2 more outcomes

Named customers3 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

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• SERCOTECcoreStrategic or Co-development PartnerSERCOTEC (Servicio de Cooperacion Tecnica) is a Chilean government agency supporting small and medium enterprises. Bithonor works with SERCOTEC as a partner supporting entrepreneurship and business development, particularly among the migrant community in Chile.
• AWS (Amazon Web Services)coreTechnology or IntegrationAmazon Web Services provides cloud infrastructure powering Bithonor's digital platform, supporting the scalable and secure operation of its remittance and financial services technology stack.
• FinteChilecoreStrategic or Co-development PartnerFinteChile is the Chilean fintech association. Bithonor is a member and active participant in FinteChile events including the Chile Fintech Forum 2025, contributing to industry advocacy, regulatory dialogue, and ecosystem development for fintech in Latin America.
• CORFOcoreStrategic or Co-development PartnerCORFO (Corporacion de Fomento de la Produccion) is a Chilean state development agency. Bithonor operates in partnership with CORFO, receiving support for innovation and technological development as part of Chile's fintech ecosystem development.
• 3IE (Instituto Internacional de Investigations Economicas)minorStrategic or Co-development Partner3IE is associated with Universidad Santa Maria in Chile. Bithonor maintains a partnership with 3IE, likely related to research, innovation, or economic development initiatives supporting the fintech sector.
• Camara de Comercio de Santiago (CCS)minorStrategic or Co-development PartnerThe Santiago Chamber of Commerce (CCS) validates and certifies Bithonor's website and business operations, confirming the legitimacy and good standing of the company for consumer trust.
• UAF Chile (Unidad de Analisis Financiero)coreOthersBithonor is registered under No. 3067 in the Public Registry of Reporting Entities of the Unidad de Analisis Financiero (Chile's financial intelligence unit). The UAF supervises Bithonor for anti-money laundering (AML) and counter-terrorism financing (CTF) compliance under Law 19.913.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Xoom (PayPal): PayPal-owned digital remittance service with deep LatAm payout coverage and established trust among migrant senders in the US, Europe, and increasingly in-country LatAm corridors. Directly comparable product offering and target customer.
• AirTM: Digital dollar wallet and peer-to-peer payments platform serving LatAm, including Venezuela and other Bithonor destination markets. Overlaps on cross-border transfers and stablecoin-mediated payouts to underserved LatAm corridors.
• Global66: Chile-founded multi-country LatAm remittance and multi-currency account platform. Direct competitor in the same origin corridors (Chile, Argentina, Peru, Brazil) with overlap in serving Latin American migrant senders and small businesses.
• Bitso: Latin America's largest crypto-native exchange and payments platform with operations in Argentina, Brazil, Mexico, Colombia. Competes both as a USDT/USDC on/off-ramp and increasingly in cross-border transfers using stablecoin rails — the same architecture Bithonor relies on.
• Remitly: US-headquartered digital cross-border remittance company with strong LatAm corridor volume, including Chile→Venezuela and other routes Bithonor serves. Competes head-to-head for the same migrant consumer segment with a mobile-first value proposition.

Emerging players

• Belo: Argentina-based crypto-fintech offering dollar savings, payments, and remittances using stablecoin rails. Emerging competitor in the Argentine send-side corridor where Bithonor also operates, sharing the stablecoin-mediated transfer thesis.
• Reserve: Stablecoin-based payments and savings platform focused on Latin American hyperinflation economies including Venezuela and Argentina. Targets the same dollar-access and cross-border use cases as Bithonor using a parallel stablecoin-first architecture.

Broad incumbents

• MoneyGram: Long-standing global remittance incumbent with extensive LatAm payout coverage, now also pushing digital channels. Comparable destination coverage to Bithonor but with a much larger scale, brand, and traditional-rail cost structure.
• Western Union: Global incumbent in cross-border money transfers with the largest LatAm agent network and strong brand recognition among migrant senders. Serves overlapping customer needs but with a cash-pickup-heavy, higher-fee model that Bithonor is positioning against.

Regional players

• Ualá: Argentine neobank with cross-border payment and remittance features targeting underbanked LatAm consumers. Comparable mission of digitizing migrant financial flows, primarily Argentina-centric, with adjacent product overlap rather than head-to-head remittance competition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bithonor
• LinkedInlinkedin.com/company/bithonor
• Instagraminstagram.com/bithonor
• Xx.com/Bithonor

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Bithonor