About Us

We are rewriting the rules of global finance.

Netaro (legally Elagon Inc.) is the compliant, programmable financial backbone for the next century of borderless commerce.

The Problem We Are Solving

The global correspondent banking system is a patchwork of 50-year-old infrastructure held together by trust, manual reconciliation, and a web of intermediary banks. When a business in the US sends a payment to a supplier in the Philippines, that money passes through 3–5 banks over 2–5 days, with each institution taking a cut and adding opacity.

Trillions of dollars in working capital are trapped in nostro/vostro accounts, acting as pre-funded buffers for a system that moves at the speed of fax machines. We are replacing it — not patching it.

Our Solution

Netaro uses USDC — a fully reserved, fiat-backed stablecoin — as the clearing layer for cross-border B2B payments. When an enterprise sends a payment through Netaro, the fiat is converted to USDC on-chain, routed directly to the destination country, and converted back to local fiat — typically in under 10 minutes, at a fraction of the cost.

The crypto mechanics are the easy part. The hard part is building the financial infrastructure on top: double-entry accounting across fiat and crypto assets, atomic settlement across multiple providers, real-time reconciliation, and the compliance posture to operate in regulated markets.

Leadership

Yash Patel — Founder & CEO. Background in enterprise software, global payments strategy, and financial infrastructure. Previously at Airbnb, RingCentral.
Xianwen Chen — Co-founder & CTO. Deep expertise in distributed systems, blockchain infrastructure, and high-availability financial platforms. Previously at Dropbox, Tsinghua University.

Core Values

Trust: Compliance isn't just a requirement; it's our foundation. We do not route around regulation; we build pathways through it. Trust is our primary asset, and security is embedded into every line of code.
Velocity: Money should move at the speed of data, and so do we. We bias toward action and ship enterprise-grade infrastructure rapidly, without ever compromising on elegance or reliability.
Collaboration: Complex markets require deep local empathy. We succeed by partnering closely with local banks, regulators, and each other.
Better World: By democratizing access to stable, instant, and low-cost payments, we are leveling the playing field and unlocking financial efficiency for billions.
Integrity: We are building the financial backbone of the future. That requires holding ourselves to the absolute highest ethical standards, building transparent systems our partners can rely on for decades.
First Principles Thinking: We do not iterate on the broken correspondent banking system; we deconstruct global finance to its fundamental truths.

Regulatory Status

Registered with US FinCEN as a Money Services Business (MSB)
Member of the Circle Alliance Program
Actively pursuing VASP and VARA licenses
Pursuing Money Transmitter Licenses (MTLs) across operational jurisdictions
Integrated with Visa Direct and Bridge
Partnered with a Tier-1 US Sponsor Bank

Team Background

Our founding team has backgrounds at Airbnb, Dropbox, RingCentral, Mastercard, Tsinghua University, Cal State LA, and Pay'N'Park. We bring together product, engineering, compliance, and financial operations expertise.

Work With Us → | Open Roles →