# Moreta

> Moreta (Moreta Pay) is a Y Combinator S24 fintech building a mobile wallet that lets international travelers, expats and digital nomads pay local merchants by scanning QR codes across Southeast Asia and Latin America - using their own currency, at real exchange rates, without needing a local bank account. It connects to national QR networks like Indonesia's QRIS, Thailand's PromptPay and the Philippines' QR Ph so a Western visitor can pay at street stalls and cafes the same way a local does.

- **Founded:** 2024
- **Headquarters:** San Francisco, California, United States
- **Founders:** Walid Mah'd (Co-Founder & CEO), Sam Yu (Co-Founder & CTO)
- **Team size:** 4
- **Products:** Moreta Pay (mobile wallet app), QR Code Payments, Multi-currency wallet & top-up, Online payments & bill pay, Money transfer / remittance
- **Notable:** Accepted into Y Combinator Summer 2024 batch., Launched Moreta Pay across multiple Southeast Asian countries including a live rollout in Indonesia via QRIS., Registered as a FinCEN money services business (MSB) operating under U.S. financial standards.

## Products & services

- **Moreta Pay (mobile wallet app)** — iOS and Android app that lets travelers scan local QR codes to pay merchants, with automatic currency conversion at real exchange rates and transparent fees.
- **QR Code Payments** — Pay at merchants via national QR standards - QRIS (Indonesia), PromptPay (Thailand), QR Ph (Philippines) and more - from one wallet and account.
- **Multi-currency wallet & top-up** — Fund the wallet by connecting a USD bank account (Plaid), European SEPA, UK Faster Payments or an international card, then top up instantly.
- **Online payments & bill pay** — Use the wallet for online payments and local bill payments while abroad.
- **Money transfer / remittance** — Send funds cross-border with real-time currency conversion.
- **Security & fraud suite** — AI identity verification (AiPrise), 24/7 fraud monitoring with human support, real-time transaction alerts and unusual-login detection; funds held with trusted banks via Plaid.

## Achievements

- Accepted into Y Combinator Summer 2024 batch.
- Launched Moreta Pay across multiple Southeast Asian countries including a live rollout in Indonesia via QRIS.
- Registered as a FinCEN money services business (MSB) operating under U.S. financial standards.
- Built merchant acceptance across national QR standards in Thailand, Indonesia and the Philippines from one app.

## Latest updates

- **2024-08** — Moreta joins Y Combinator's Summer 2024 batch and launches publicly as a travel payments wallet.
- **2025-01** — Moreta Pay goes live in Indonesia, enabling QRIS payments for tourists, nomads and expats.
- **2025-06** — Expands supported markets to include Malaysia alongside Thailand, Vietnam, Philippines, Laos and Mongolia.

## Links

- Website: https://moretapay.com
- LinkedIn: https://www.linkedin.com/company/moretapay

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Profile page: https://yespress.io/moreta-yc-s24
Published by YesPress — https://yespress.io
Last updated: 2026-07-30