At 007 Venture Partners, we are drawn to founders who build with conviction, clarity, and care. Not just companies, but systems. Not just growth, but trust.
In the global remittance market, a market where 2.2 billion adults remain locked out of modern financial tools. We saw not just another cross-border payments app, but a company solving the problem that every incumbent ignores: what happens after the money arrives.
That's what SpotPay is here to fix.
A New Kind of Bank
SpotPay is building what others have been too comfortable to attempt: a truly borderless financial account for the underbanked world. Not good as in "good enough." But good as in: instant, accessible, and designed from the ground up for the people who need it most.
Instead of forcing recipients in underbanked markets to rely on cash pickup windows or expensive informal networks, SpotPay gives them a full-stack financial account. A wallet, a physical card, a savings product, and a merchant payments network, powered entirely by stablecoin rails. No traditional bank account required.
The results are already speaking for themselves: 13,000+ new users in just two months, transaction volume growing 37% week-over-week, and the number we keep coming back to 100% Day-90 retention on transacting users. Zero churn. Not because the product is sticky in the engagement sense. Because it has become financial infrastructure that people genuinely depend on.
From Corridors to a Global Network
SpotPay isn't just a remittance tool. The team, led by Zsika Phillip (Ex-Google, Stanford MBA, grew up in the Caribbean) and Thomas Césaré-Herriau (4th engineer at Brex, Ex-Google) have architected something far more ambitious.
The platform operates across 43 countries today, with its highest-volume corridors running between the US and Central America and the US and the Caribbean. These are corridors with deep diaspora networks, high remittance frequency, and almost no modern last-mile infrastructure, exactly where SpotPay's on-the-ground model creates maximum differentiation.
The merchant layer is equally important. Local SMBs accept SpotPay via QR code, avoid card processing fees, and receive settlement up to 24 hours faster than legacy card rails. Every new merchant strengthens the network for users. Every new user strengthens the case for merchants. That's a flywheel that compounds.
Why Now
The macro environment has never been more aligned for what SpotPay is building.
Stablecoin transaction volumes crossed $46 trillion in 2025, approximately three times Visa's annual volume signalling that blockchain settlement rails have moved well beyond experimentation into genuine infrastructure. The GENIUS Act, signed in July 2025, established the first US federal regulatory framework for stablecoin issuers, removing the compliance uncertainty that had slowed institutional adoption for years.
And yet the traditional remittance incumbents such asRemitly, Wise, Western Union remain structurally unable to solve the last-mile problem. They are sender-side businesses. They move money across borders but they don't help recipients actually use it. That gap is SpotPay's opening, and it is widening.
Why We Invested
At 007VP, we invest in founders solving hard problems in emerging markets, especially those building financial infrastructure for the next billion users.
SpotPay fits that mission precisely. It is a capital-efficient, high-velocity, and mission-driven company led by founders with the rarest possible qualification: they have lived the problem they are solving.
Zsika grew up between the Caribbean and Latin America. He has personally navigated the broken systems SpotPay is built to replace. Thomas built payment infrastructure at Brex from the earliest days and understands what it takes to scale financial systems at speed. Together, they bring a combination of cultural context, technical depth, and institutional credibility, including direct relationships with central bank governors in their target markets that incumbents simply cannot replicate.
But more than the credentials, we believe in what they stand for.
We believe the 2.2 billion underbanked adults in the world deserve modern financial tools. We believe that stablecoins, deployed thoughtfully and compliantly, are the infrastructure that makes this possible at scale. And we believe that 100% Day-90 retention is not a lucky metric, it is the clearest signal we have seen in years that a product has found genuine, recurring utility.
That is what SpotPay is building.
The Road Ahead
The vision is bold. The execution so far has been even bolder.
At 1% of the implied $275B TAM, SpotPay would generate over $68M in annual revenue at its current take rate. Merchant QR payments, yield products on stablecoin balances, and a potential B2B API layer each represent additional revenue streams that compound as the network grows. At scale, SpotPay is positioned to be the Nubank of stablecoin-native emerging market finance.
As the team deepens the US–Caribbean and US–Central America corridors, expands into South East Asia, and continues building its merchant network, we are excited to support Zsika, Thomas, and their team on this journey.
Because when you give someone a real financial account for the first time, you don't just help them receive money, you give them the infrastructure to build a life.
And that's what SpotPay does.
