sati

Sati is a financial technology company focused on enhancing financial inclusion in Latin America by simplifying access to digital currencies. Founded in 2023 by Felipe Servin, the company is headquartered in Mexico. Servin's background includes starting his career in Silicon Valley and building a large Spanish-speaking online community, an experience that informs Sati's mission to leverage existing platforms for broad user adoption.

The core of Sati's operation is a platform that facilitates cryptocurrency transactions through WhatsApp, a widely used messaging application with over 3 billion users. This approach directly addresses the challenge of limited smartphone storage in emerging markets, as users do not need to download an additional application. The business model targets the unbanked and underbanked populations by providing a convenient and efficient means for cross-border transactions and peer-to-peer payments. Sati enables users to buy, send, receive, and store Bitcoin and stablecoins like USDC and USDT. Revenue is generated as the company facilitates these financial services, positioning itself as a key player in the growing crypto-payment infrastructure.

Sati's service allows individuals and businesses to transact with digital currencies as easily as sending a message. Users interact with a bot on WhatsApp to create a non-custodial wallet in under 30 seconds using just their phone number and a PIN. The platform supports payments via the Bitcoin Lightning Network for fast and low-cost transfers. For businesses, Sati offers a profile to accept cryptocurrency payments, helping them expand their customer base. A key milestone for the company was a Pre-Seed funding round in early 2024, securing $600,000 from investors including Draper Associates, Boost VC, and Arcanum Capital to further integrate its services within the WhatsApp ecosystem. The company has also formed strategic partnerships projected to onboard a significant number of new users to the Lightning Network.

Keywords: digital currency, financial inclusion, Latin America, WhatsApp payments, Bitcoin, stablecoins, cross-border transactions, fintech, Lightning Network, cryptocurrency platform, mobile payments, unbanked, emerging markets, peer-to-peer payments, crypto wallet, payment infrastructure, Felipe Servin, Draper Associates, Boost VC, Arcanum Capital