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Founded by Derrick Wolbert, Reuben Balik, & Q Carlson
Numo verifies and credentials global contractors and lets them earn and hold the USD they get from working for American companies. When they need to spend it, they transfer money instantly to their local bank account.
Paying international contractors for short-term engagements is messy. It’s full of remittance services whose brands are not conducive to trust or a professional environment and often look fraudulent to the uninformed.
For contractors, it’s even messier. With expensive fees, slow transfer times, and fuzzy tax + compliance rules — customers resort to funneling money through friends and families just to get paid.
And the death blow for contractors is the hyperinflation many of their home currencies are experiencing. Contractors work more every day for less money. International contractors want to hold their funds in USD as long as they can, and then bring it back only when they need to spend.
So they built Numo:
1. Contractors can onboard and get verified, background checked, and launch their profiles.
2. Every invoice they send via Numo to their clients is paired with their verified profile.
3. Their American clients get to pay the way they are most comfortable: ACH payment to a US bank account.
4. Contractors can hold the USD they make stateside until the moment they need to spend it locally. They can transfer funds to their local account within 20 seconds without excessive fees.
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