WasabiCard

WasabiCard, based in Singapore, is a Web3 financial infrastructure platform that empowers businesses to issue branded cards and facilitate efficient cross-border payments through stablecoin technology. Founded in 2024 and headquartered in Singapore, WasabiCard operates as a financial services provider enabling global businesses to issue branded payment cards. The company has focused on creating a platform that enhances financial transactions while expanding its reach into various markets. WasabiCard is a comprehensive Web3 financial infrastructure platform that focuses on enabling global businesses to issue branded cards and facilitate seamless payments and settlements.

Its core offerings include card issuance, global payouts, and payment processing powered by stablecoin technology, allowing users to send and receive money in over seven currencies. This platform bridges the gap between fiat and stablecoins, catering to businesses seeking efficient cross-border transactions. Notable features such as cashback on purchases, a referral program for higher returns, and customizable API connectivity enhance the user experience. WasabiCard serves a diverse client base comprising over 100,000 users and 200 business partners across more than 25 countries, facilitating millions of daily transactions worldwide.

WasabiCard generates revenue through transaction fees associated with card usage, global payouts, and payment processing services. Individual consumers and businesses actively participate in the ecosystem by utilizing the platform for financial transactions, which contributes to the overall transaction volume. The structure of these transactions typically involves partnerships with licensed institutions for card issuance and operational support, ensuring compliance with regulatory standards. Clients benefit from various services, including cashback incentives and the ability to create virtual cards for specific financial needs.

While specific pricing plans and fee structures are not disclosed, the emphasis on high cashback rewards and efficient payment processing is a significant draw for both individual users and businesses, driving the platform's growth and adoption in international markets. WasabiCard is strategically planning to expand its product offerings by designing new features aimed at enhancing user experience and transaction efficiency. The company is targeting expansion into North American and European markets by the end of 2025, aligning with its goal to increase its user base and transaction volume. Recent funding received will be utilized to support these initiatives, focusing on product development and market entry strategies to enhance WasabiCard's presence in the global financial landscape.