Peg (formerly Paymobil) YC Application

Winter 2020Inactive

Peg (formerly Paymobil) went through Y Combinator in the Winter 2020 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: Winter 2020
Industry: FintechPayments
Team size: 2
Status: Inactive
Launched: 2020

Founders

Daniel NordhFounder

What Peg (formerly Paymobil) does

Peg is a global bank account replacement using stablecoins. We make it possible to send money to any email or phone number in the world in seconds. We have taken all the friction out of the current terrible UX with crypto p2p payments and made it better than regular consumer products like Venmo and Square Cash. Unlike those it works across borders and can launch globally due to our non-custodial architecture. Peg was the first self-custodial stablecoin focused wallet, launched early 2020.

Peg (formerly Paymobil)'s YC application, reconstructed

Y Combinator application

Peg (formerly Paymobil), Winter 2020 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Peg (formerly Paymobil)

Describe what your company does in 50 characters or less.

The super simple stablecoin wallet with free transactions

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

We built Peg, a self-custodial stablecoin wallet that replaces bank accounts globally. It lets users send money instantly to any email or phone number worldwide with no fees, removing the friction common in crypto payments and beating Venmo or Square Cash on UX and global reach.

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

We live in San Francisco, CA, and the company is based there with a partly remote team

Explain your decision regarding location.

San Francisco is where the founders currently live and is a hub for fintech and crypto, making it the best place to build Peg and stay close to partners and users.

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 Peg (formerly Paymobil) YC application?

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