The innovative fintech, Conotoxia, Inc., is disrupting the U.S. financial services industry through the launch of its new money transfer service. Born from the Polish family of companies under the umbrella of Conotoxia Holdings, known in Europe for its innovative multi-currency financial services. Holdings has generated over $20 billion in transaction volume.
Money transfer services will be available first in Illinois — where the Polish community is largest — with a graduated roll out to 40 other states. The new service supports customers who want to send money to family and friends living in Europe and those travelling and studying there.
Conotoxia’s innovative edge comes from the elimination of traditional intermediaries and its in-house foreign exchange technology that together reduce the cost of sending money cross border.
Customers can now send funds either online or through its proprietary mobile app. Funds can be converted into 27 currencies and transmitted from bank account to bank account.
Conotoxia’s U.S. CEO, Marcin Piὁro, states: “Launching money transfers in the U.S. is the culmination of several years of effort. Today, the message is clear — we are ready to conquer the U.S. market, and we won't stop until we accomplish it. Our service has already been well-received by the audience in Europe. I am convinced that on a very competitive market as the U.S., dominated by industry dinosaurs, there is a place for such a fearless brand as Conotoxia”.
