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A new fintech startup, Karsa (YC W25), has launched with the goal of giving people in emerging markets easier access to the U.S. financial system. Designed with freelancers, families, and everyday savers in mind, Karsa lets users open a virtual U.S. dollar account in just a few minutes, making it simpler to send, receive, and hold dollars without needing a U.S. bank.
Karsa currently lives in Pakistan, offering features like ACH-enabled accounts, cross-border payments, and incoming remittances. A Visa card linked to users’ USD balance is also in development. Unlike typical cash-out apps or limited remittance services, Karsa functions more like a real U.S. bank account, with options to hold dollars and earn yield through U.S. Treasury exposure.
What sets Karsa apart is its backend. It uses stablecoins to enable fast and low-cost transfers, though this remains invisible to users. The interface stays clean and familiar, with no crypto wallets or technical steps involved.
While Pakistan is the starting point, Karsa’s reach is already expanding. Interest is rising in regions like India, Nigeria, and Kenya, reflecting a growing demand for accessible, dollar-based financial tools across the Global South.
