Key Facts
Optimism raised a $150M Series B, backed by a16z and Paradigm
Optimism has a dedicated 24/7 Slack channel with the Meow team and executives.
Optimism uses Meow for banking and payments
Meow charges zero fees for on and offramping USDC
From the Meow team
“Optimism is a household name in Web3. We’re proud they chose Meow for their primary business banking needs.”
— Brandon Arvanaghi, CEO
Before Meow
Before Meow, Optimism used several different providers for their financial solutions. Without consolidation, they weren’t able to operate as quickly and efficiently as possible. Optimism switched to Meow because they offered a full suite of financial solutions, including stablecoin payments, higher-yield savings, and the typical solutions like bill pay and reimbursements.
Features
How they use Meow
Global business checking through Meow's partner banks.
Access to U.S. Treasury Bills, U.K. Gilts, and German Bunds at BNY Pershing
Send and receive USDC with zero fees, all through your existing cash balance.
OVERVIEW
The Optimism Foundation is a nonprofit organization overseeing the development and governance of the Optimism Layer 2 scaling ecosystem for Ethereum. It stewards the Optimism Collective, a community-driven model combining blockchain infrastructure with public goods funding, aimed at making Ethereum transactions faster, cheaper, and more accessible.
This case study was conducted with Ryan Shon, Treasury Lead at Optimism.
“We’ve saved tens of thousands of dollars in fees by switching to Meow. Being able to toggle between stablecoins and cash, especially alongside a bill pay solution, is an incredible feature.”
The Problem
Q. How were you handling your banking before Meow?
We used a bunch of different providers for our financial solutions. It wasn’t consolidated, so we weren’t operating as fast and efficiently as we could have been.
The Switch
Q. Why did you switch to Meow?
We needed a full suite of solutions for our banking provider: stablecoin payments, higher-yield savings, and the typical solutions like bill pay and reimbursements. With Meow, we got it all in one place. It’s made it easy to move funds seamlessly across the network.
The Results
Q. What results have you seen since switching to Meow?
We’ve saved tens of thousands of dollars in fees with Meow. Being able to toggle between stables and cash, alongside a bill pay solution, is an incredible feature.
Q. What else has stood out about working with Meow?
We were shocked at how responsive Meow was compared to our older providers. Someone will respond to us within the hour. You don’t really get that kind of treatment as a customer anymore.
Q. What would you tell someone considering Meow?
I’ve used Meow in previous roles too, so it’s a product I keep coming back to. They really understand the needs of their customers and continuously build features that make your life better as an operator.
“Optimism is a household name in Web3. We’re proud they chose Meow for their primary business banking needs.”
Meow Technologies is a financial technology company, not a bank. The banking services described in this case study are provided by Grasshopper Bank, N.A.; Member FDIC.
The case studies discussed herein were selected based on objective non-performance based criteria and are provided for illustrative purposes. There is no guarantee Meow will find similar opportunities in the future. While the information prepared in this message is believed to be accurate, we make no express warranty as to the completeness or accuracy of the information. Actual results may vary depending on various market conditions. The individual interviewed herein has not been compensated for sharing his opinion and experience with Meow. Any compensation creates a conflict of interest, and the interviewee’s comments may not be representative of any other person’s experience with Meow.
