Numo

Numo (operating as The New Money Company) is a San Francisco-based fintech startup founded in 2023 that provides offshore banking services specifically designed for international contractors and freelancers in emerging markets. The platform allows global contractors to open US bank accounts, receive ACH payments from American clients, earn and hold funds in USD to protect against local currency hyperinflation, and transfer money to their local bank accounts within 20 seconds at low cost. Numo verifies and credentials contractors through professional profiles linked to invoices, building trust with US-based clients. The company is backed by Y Combinator and targets contractors in Nigeria, Kenya, South Africa, Vietnam, Thailand, Malaysia, and the Philippines, positioning itself as the global bank for the rising generation of high-earning digital workers in emerging markets.