Abound selects Monad blockchain to scale its finance super‑app after surpassing $500 M in remittances
Executive summary: Abound announced a partnership with Monad to underpin its upcoming wallet product and broader service expansion after exceeding $500 M in remittances. The partnership signals that fast‑growing fintech firms are turning to blockchain infrastructure to reduce costs and scale cross‑border payments, which could influence competitor strategies and investor interest in the remittances sector.
Who is involved: Abound (finance super‑app), Monad (blockchain provider), and the global Indian user base that drives the remittance volume.
Likely next: Abound will open the wallet product waitlist shortly and likely integrate Monad‑based transactions into its app, while monitoring user adoption and transaction cost savings.
Abound, a super‑app targeting the global Indian diaspora, announced it will use the Monad network to power its next growth phase, which includes a new wallet product whose waitlist will open soon. The move follows the company’s milestone of crossing half‑a‑billion dollars in remittance volume, signaling strong user traction. By tapping a high‑throughput blockchain, Abound aims to lower transaction costs and improve cross‑border payment speed for its expanding base.
Timeline
- — Fastest Growing Global Finance Super App Abound chooses Monad to Power its Next Phase of Growth (PR Newswire)
- — Banken: Dekabank hebt Gewinnprognose an – Fondsabsatz boomt (Handelsblatt)
- — Altersvorsorgedepot: Scalable setzt mit seinen Konditionen Konkurrenz unter Druck (Handelsblatt)
- — Volksbanken: DZ Bank erzielt Rekordgewinn und hebt Prognose an (Handelsblatt)
Sources
- Fastest Growing Global Finance Super App Abound chooses Monad to Power its Next Phase of Growth — PR Newswire
- Banken: Dekabank hebt Gewinnprognose an – Fondsabsatz boomt — Handelsblatt
- Volksbanken: DZ Bank erzielt Rekordgewinn und hebt Prognose an — Handelsblatt
- Altersvorsorgedepot: Scalable setzt mit seinen Konditionen Konkurrenz unter Druck — Handelsblatt