Money that lives in your texts.
We put money in the chats people already live in. No new app, no wallet, no crypto explainer. Text Stablemate and the transfer happens, to anyone, anywhere. The rails underneath are local stablecoins; the person sending never has to know that.
Messaging is the world's largest unbanked network.
Billions already talk in Messages, with no way to send money without leaving the app. Stablecoins made the money itself instant and nearly free, and Base already hosts 25+ local-currency coins. The rail is finished. The front door isn't.
25+
local stablecoins live on Base
$857B
sent across borders every year
6.36%
average fee to send money home · 14.99% through a bank
$500K
Brings the first node online — Singapore ⇄ Indonesia
$20K
Soft-circled — first close in progress
$0
Wired / docs signed
Pre-seed
Pre-seed, actively closing
Deck, one-pager and the latest update
View in-browser or download the PDF.
A local number. A global account.
The number is local so funding, cash-out and support work in your market. The account behind it is global — one thread that reaches any phone number in the world. The app comes later, for advanced sends; the thread is enough to start.
Text your country's number
That first message is the signup. We create the wallet for you, abstracted behind your email. No seed phrase, no app required.
Send to any number, anywhere
Not just your corridor. Any phone number on earth, whether or not they have ever heard of Stablemate.
Receive the same way
Money in and money out both arrive as a text into your Stablemate Account. One thread is the whole interface.
It lands in local money
XSGD in, IDRX out, auto-converted on arrival and cashed out by the licensed ramp in that market.
Each country is a node. We are the wire between them.
Every country is licensing its own stablecoin, and each one is an island. We own the messaging, the local issuer owns the currency, and together that is one network.
Number layer
In-country numbers via Photon. One per market, on iMessage and WhatsApp.
Account layer
One Stablemate Account per phone number. Sends and receives land as text, in the same thread.
Routing layer
Settlement and auto-swap on Base. The licensed ramp in each market does the regulated leg.
iMessage
Live · via Photon
Live today · more platforms to come
Any number on earth
The recipient installs nothing. A text arrives with the money in it.
We own the chat. You own the currency.
We don't issue, we don't hold licences and we never hold customer funds. We take no side between currencies. Inside a market we commit to one partner, so they get every user on that number, and the issuer decides when funds release.
We bring the users and the chat
The number, the account layer and the front door that looks like a normal text. Most people will never mint a stablecoin. They will text.
You bring the licence and the money
The banks, the on and off ramps, mint and redeem, and the decision to release funds. We never hold local currency and never override you.
One partner per market, every currency welcome
We back no currency over another. Within your market you are the only rail on our number, so every user comes through you.
Every node makes the next worth more
Apps compete for users; networks compound them. Node four is worth more than node one to every issuer already connected.
One network. APAC first.
The first corridor is Singapore ⇄ Indonesia, one of the two largest in the region, with money moving both ways. Five markets is the minimum Photon needs to provision international numbers, and APAC is where the local stablecoins, the ramps and the remittance volume already are.
2 / 5
Target: 5 markets this raise
25+
Local-currency stablecoins
$857B
Sent across borders every year
🇺🇸United States
USDCWhere the rail was proven. Live on iMessage today.
🇮🇩Indonesia
IDRXRupiah stablecoin on Base. Receiving side of the first corridor.
🇸🇬Singapore
XSGDRegulated hub and the outbound sender side of the first corridor.
🇲🇾Malaysia
MYRCRinggit stablecoin from BLOX, plugged into the same network.
🇯🇵Japan
JPYCLicensed yen stablecoin. High iMessage penetration.
The swap and the float.
Two lines, both tied to volume rather than headcount. Every send converts, and every balance sits somewhere. Pre-revenue today — the first paying corridor lands with this pre-seed.
0.42%
On every auto-conversion into the local stablecoin (USDC → IDRX, XSGD → IDRX). Scales directly with corridor volume.
The float
A cut of user yield on idle balances held across the network. It compounds with every node added.
Incumbent, all-in
$12.72
6.36% global average
Stablemate conversion leg
$0.84
0.42% swap
Plus the ramp's own fee
—
Set in-market by the licensed partner, not by us
Every layer is best in class.
Photon for the numbers, Definitive for the swaps, Base for settlement, and one licensed issuer per country for local money. They bring the licence, the banks and the mint. We bring the users and the chat, plus the part nobody else has: the account layer and the network between the nodes.
Photon
LIVE · NUMBER INVENTORYiMessage and RCS delivery, and in-country numbers across five markets.
Definitive
LIVE · SWAPSPowers every in-thread swap and the auto-conversion into local stablecoins.
Base
LIVE · SETTLEMENTEvery send, receive and swap settles on Base.
IDRX
CLOSING · INDONESIAThe rupiah stablecoin on Base. Receiving side of the first corridor.
StraitsX
IN TALKS · SINGAPOREXSGD and the regulated ramp on the sending side.
BLOX
IN TALKS · MALAYSIAMYRC and the banking stack for ringgit in and out.
Local stablecoins on Base
25+ local-currency stablecoins are live on Base. Each one is a market where a Stablemate number can land — APAC is where we start.
| Country | Ticker | Issuer | Status |
|---|---|---|---|
| 🇸🇬SingaporeSGD | XSGD | StraitsX | BASE ✓ |
| 🇮🇩IndonesiaIDR | IDRX | IDRX | BASE ✓ |
| 🇲🇾MalaysiaMYR | MYRC | BLOX Malaysia | BASE ✓ |
| 🇲🇽MexicoMXN | MXNB | Bitso | BASE ✓ |
| 🇧🇷BrazilBRL | BRZ | Transfero | BASE ✓ |
| 🇿🇦South AfricaZAR | ZARP | Stablecoin ZA | BASE ✓ |
| 🇦🇺AustraliaAUD | AUDD | Novatti | BASE ✓ |
| 🇬🇧UKGBP | TGBP | TBV (on Base) | BASE ✓ |
| 🇨🇭SwitzerlandCHF | VCHF | AllUnity | BASE ✓ |
| 🇸🇪SwedenSEK | SEKAU | AllUnity | BASE ✓ |
| 🇳🇬NigeriaNGN | CNGN | WrappedCBDC | LAUNCHING |
| 🇯🇵JapanJPY | JPYC | JPYC Inc. | TARGET |
| 🇵🇭PhilippinesPHP | PHPC | Coins.ph | TARGET |
| 🇰🇪KenyaKES | cKES | Mento Labs | TARGET |
Dimmed rows are not yet on Base. Full rows are confirmed live.
Full directory ↗$500K pre-seed to bring the first node online
Singapore ⇄ Indonesia, money moving both ways on a licensed rail, plus the partnerships signed for the nodes after it.
SG ⇄ ID
first corridor live by end of year, money moving both ways
10,000
users on the network
2 + 3
nodes live, plus three more signed and ready to go
On the ground
The team in Singapore and Jakarta, building the corridor alongside the local operators.
Partnerships
Closing the node partners already in talks.
Legal & compliance
Node agreements, audits and security review.
Number inventory
Photon numbers across the first five markets.
What we need
The intros and conviction that close the first corridor.
Issuer intros
Warm intros to BD at local-currency stablecoin issuers — StraitsX, IDRX, BLOX, JPYC, Coins.ph, and anyone launching under new APAC frameworks.
Ramps and counsel
On/off-ramp operators licensed in Indonesia, Singapore, the Philippines, and Japan — plus counsel who can stand behind licensed partners as the entity of record.
A believer
Someone who has watched distribution moats get built. The connections we’re wiring — carriers, issuers, in-thread accounts — aren’t something a new team reproduces next quarter.
Built by people who live in the chat.
Matthew Meakin
Founder & CEOFormer private interventionist to high-profile clients — trust was the whole job. Built the Base Event Agents, deployed at Basecamp 2025 and DevConnect. Base Batches 002. Owns narrative, GTM and Base relationships.
Risavdeb Petra
Co-Founder & CTOFull-stack engineer building on Base since its earliest days — frontend, backend, cloud infrastructure and onchain integrations. Owns the rail, the wallets and the onchain stack.
Aritra Roy
Co-Founder & EngineerBackend and systems engineer building scalable, real-world software.
Michael Gale
Co-Founder & CBOTwo startups built and exited in web2. Onchain full-time since 2021. Growth and partnerships.
Let's talk
First cheque is pending close. Reach out if you want the full picture or a warm intro path into the raise.