Amid massive growth and strong demand from existing markets, Higlobe expands into Argentina and the Philippines

Higlobe Surpasses $100 Million in Annualized Volume, Offering Instant Transfers with the Lowest-cost Guaranteed for Overseas Contractors and SMBs Paid by U.S. Clients

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Leigh Disher
leigh@gmkcommunications.com

Higlobe, Inc., the firs

t comprehensive payment solution tailored to the needs of overseas professionals paid by U.S. clients, today announced that in just one year it has surpassed $100 million in annualized volume while serving the Mexican and Brazilian markets. Higlobe is a new kind of global financial service provider powered by stablecoin, bridging the U.S. with emerging markets. As it continues to add features and benefits, it is rapidly becoming a full financial partner for overseas contractors working for U.S. corporations and SMBs.

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Higlobe has surpassed $100 million in annualized volume while serving the Mexican and Brazilian markets (Graphic: Business Wire)

Based on the company’s year-one success and heavy demand, Higlobe is now rolling out its solution to Argentina and the Philippines – markets that have significant service and engineering exports as well as goods shipped to the U.S. This expansion underscores Higlobe’s enormous growth potential.

Prior to Higlobe, only large banks could offer a full suite of USD products to the largest exporters while specialist companies focused on global money transfer. Higlobe successfully bundles these services affordably for thousands of professionals and SMBs by leveraging stablecoin. The company is growing at approximately 20% every month. These numbers are expected to scale dramatically as Higlobe services its new geographies.

For a fraction of the cost of other solutions, Higlobe offers overseas professionals and SMBs:

• A USD-receiving bank account where they can receive payments from their U.S. clients.
• The option to save their funds or to spend via cards.
• The ability to get instant transfers home, with a lowest-cost guarantee on fund transfers.
• A no-loss warranty for up to $20,000.
• A SOC 2-compliant global stablecoin transfer platform.
• A Money Service Business (MSB) registered with FinCEN, a bureau of the U.S. Treasury Department.

“Being able to work for U.S. companies opened up a new world of opportunities for me, but the process of getting paid was eye-opening. It took so long to receive payment, and there were so many fees subtracted,” said Charlle Daniel, a Brazilian engineer. “Now, with Higlobe, the long wait and those high fees are gone. I am happier because I have a much less expensive way to get my money.”

Users are passionate about Higlobe and evangelize it to their friends. In fact, 50% of its business comes via customer referrals.

“Companies and workers operate within an international talent marketplace today, but payment options haven’t kept pace with post-Covid workforce changes. As a result, remote workers lose a significant portion of their pay to fees associated with monetary transfers,” said Higlobe CEO and Co-founder Teymour H. Farman-Farmaian. “Higlobe started with the goal of moving the world’s money instantly and at no cost. This has clearly resounded with workers as we save our users thousands of dollars each year. Now, we are adding even more services to become a one-stop-shop for their financial lives.”

To find out more about why global professionals love Higlobe, please visit www.higlobe.com.

About Higlobe, Inc.

Higlobe, Inc. is a financial technology company enabling frictionless global commerce. Higlobe follows industry best practices for the security and privacy of customer data and publishes a SOC-3 attestation report on its website where users can verify Higlobe’s adherence to the SOC 2 Type 2 standard. The company was founded in 2020 by Teymour H. Farman-Farmaian and Jeff Bolton who used their global experiences to build an international payment transfer solution that leverages stablecoins that are 1:1 backed by U.S. dollars or U.S. government treasury securities to transfer money quickly. Higlobe users can also load funds onto prepaid payment cards which can be used to pay their bills in the U.S. or at home.

Higlobe’s investors include Battery Ventures, TTV Capital, FjLabs, Reciprocal Ventures, Paxos, DCG, and Raptor Group. Follow Higlobe on Instagram, Facebook, and LinkedIn.

Higlobe is registered as a Money Service Business (MSB) with the United States Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).

View source version on businesswire.com: https://www.businesswire.com/news/home/20241018189600/en/

Higlobe started with the goal of moving the world’s money instantly and at no cost. This has clearly resounded with workers as we save our users thousands of dollars each year. — Higlobe CEO and Co-founder Teymour H. Farman-Farmaian