Moreta YC Application

Summer 2024Active

Moreta went through Y Combinator in the Summer 2024 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2024
Industry: FintechPayments
Team size: 4
Status: Active
Launched: 2024

Founders

Walid MahdFounder/CEO
Sam YuFounder/CTO

What Moreta does

At Moreta, we simplify payments for international travelers, letting you pay for anything using just your phone. Done is the hassle of searching for the best cash exchange rates or ATMs on your next trip. With Moreta, paying local merchants is easy. We came up with Moreta while on our own backpacking adventures. Watching locals pay with a simple scan while we fumbled with cards and cash. So, we created a solution. By syncing with local payment networks, Moreta lets you pay like a local securely and digitally, without needing a bank account in every country. We’re starting in Asia, where QR code digital wallets are taking over and are now the top choice at checkout. As these wallets start to join forces for cross-border payments, Moreta is the first to bridge the gap for international travelers from card-centric markets to tap into these local networks. Moreta will target 200 million travelers arriving in the region each year, who together have $410 billion in everyday expenditure.

Moreta's YC application, reconstructed

Y Combinator application

Moreta, Summer 2024 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Moreta

Describe what your company does in 50 characters or less.

Payments made easy for international travelers.

What is your company going to make? Please describe your product and what it does or will do.

We built an app that lets international travelers pay local merchants using their phone. Moreta connects to local QR code payment networks in Asia, so travelers can skip cash and cards and pay like locals do without bank accounts there.

Where do you live now, and where would the company be based after YC?

We live in San Francisco, and after YC the company will remain based here.

Explain your decision regarding location.

San Francisco is where we are rooted, with strong access to fintech talent and investors. We plan to stay here to build our product and grow.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Moreta YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Moreta's public data (launch notes, founder backgrounds, product description). It shows how a company like Moreta would present itself to YC, not the text they submitted.