Moreta

Payments made easy for international travelers.

Y CombinatorSummer 2024ActiveFintechPaymentsFintechPaymentsConsumerTravel

What they do

Problem

International travelers struggle with inconvenient and costly ways to pay abroad, including exchanging cash, finding ATMs, and using cards that don’t work seamlessly with local payment methods.

Solution

Moreta is a mobile payment app that connects to local QR-code payment networks so travelers can pay merchants like locals using just their phone.

Who it's for

International travelers who want to pay local merchants digitally while abroad.

Founders

Walid Mahd

Founder/CEO

Walid is the co-founder and CEO of Moreta. He was previously a card and fintech payments consultant at Mastercard Advisors and is an Ivey Business School HBA graduate. He is an avid world traveler and backpacker, having explored over 30 countries across Europe, Southeast & Eastern Asia, Africa, and the Middle East.

Sam Yu

Founder/CTO

Sam is the co-founder and CTO of Moreta. He studied Computer Science at the University of Waterloo and has extensive experience building and shipping consumer products. As the Head of Research & Development at Stems, he led the development of their first mobile app and generative AI product. During his internships at Apple, Google, Meta, and Uber, Sam worked on high-impact projects, including developing the instagram.com search feature used by over 50 million people.