We're building the cross-border payment platform we always wished we had — fast, transparent, fair, and a little bit boring (in the best way).
Most of the people who built GlobeWire have wired money to family at some point in their lives — and watched a sickening percentage of it vanish into fees, FX markups, and intermediary banks they'd never heard of.
We did the math one weekend in 2019. On a typical $300 transfer through a U.S. bank to East Africa, the sender was losing $35–$45 to the bank's wire fee, plus another $12–$18 to an inflated exchange rate. The recipient saw less than 84 cents on the dollar.
Then we did the math on the other side: the actual cost to move $300 across borders — banking rails, compliance screening, payout integrations, currency conversion — is a few dollars. The rest is markup.
We built GlobeWire to charge what it actually costs to move money. No more, no less.
As of last quarter.
You see the exchange rate, the fee, and the recipient amount before you confirm. Always. No "actual rate may vary" footnotes.
Every transfer screens against U.S. Treasury OFAC sanctions lists and meets FinCEN BSA/AML requirements. Compliance keeps your money safe — not slow.
Mobile money in Kenya. GCash in Manila. PIX in Brazil. SPEI in Mexico. We meet recipients where they already are, not where it's convenient for us.
Cross-border payments are heavily regulated for good reason. We treat that as a feature, not a tax. Our platform is a licensed Money Services Business, registered with FinCEN, and operates under formal Bank Secrecy Act and Anti-Money Laundering programs.
Customer funds sit in segregated trust accounts at U.S. banks. They never touch operating capital. If GlobeWire vanished tomorrow, your in-flight transfers would still settle.