HEVN U.S.

Product Introduction

1. Definition: HEVN U.S. is a financial technology (fintech) platform that provides eligible global companies with access to U.S. dollar (USD) banking infrastructure through a network of regulated U.S. sponsor banks. It is a conduit for cross-border treasury and payment solutions, not a bank itself.
2. Core Value Proposition: It exists to solve the critical problem of USD access and banking for non-U.S. businesses. Its primary value is enabling companies in over 100 countries to open a company-named U.S. bank account for receiving, holding, and sending USD via major banking rails like Fedwire and SWIFT, bypassing traditional, slow correspondent banking chains.

Main Features

1. U.S. Sponsor Bank Custody: HEVN facilitates the opening of a dedicated U.S. bank account in the client company's name through a partner U.S. sponsor bank. This account is used for USD custody, collections, and treasury. Eligible deposits held at the sponsor bank may qualify for FDIC insurance, subject to applicable limits and conditions. Clients receive formal bank documentation, including a Bank Confirmation Letter issued directly by the U.S. banking partner.
2. Fedwire and SWIFT Payment Access: The platform provides direct access to core U.S. and international payment networks. Clients can send domestic USD payments via Fedwire and eligible international payments via the SWIFT network. HEVN targets T+1 (next business day) settlement for over 90% of SWIFT payments, providing tracking with Unique End-to-End Transaction Reference (UETR) and MT103 confirmations for audit trails.
3. Integration with Global USD: HEVN's platform allows for a hybrid financial setup. Clients can hold funds in the secure, bank-based U.S. Account and seamlessly transfer USD to HEVN's "Global USD" product. This digital wallet enables instant, 24/7 internal transfers between HEVN users, payouts via supported local currency rails (like SEPA, FPS, Pix), and settlements using supported stablecoin networks, offering greater flexibility for international settlements.

Problems Solved

1. Pain Point: It addresses the severe friction, high cost, and slow speed (often 3-5 business days) inherent in traditional cross-border USD payments for non-U.S. entities. It solves the difficulty for foreign businesses in establishing direct U.S. banking relationships and obtaining the documentation (e.g., bank letters) required by partners and supply chains.
2. Target Audience: The service is built for global SMEs and mid-market businesses engaged in international trade, including importers, exporters, commodity traders, manufacturers, and SaaS companies with U.S. clients. It specifically targets companies that transact in USD but are headquartered outside the United States.
3. Use Cases: Essential scenarios include: a manufacturer in Vietnam needing to pay a U.S. supplier via Fedwire; a Brazilian commodity trader receiving a large USD wire from a European buyer; an Indian SaaS company holding USD revenue in a secure, FDIC-eligible account while needing to pay contractors in various countries via local rails through Global USD.

Unique Advantages

1. Differentiation: Unlike traditional international banks or regional banks, HEVN provides a unified platform combining regulated U.S. bank custody with modern digital payment rails. Compared to neo-banks, it offers direct access to sponsor banks and formal banking documentation. Its fee structure (e.g., from 0.03% for wires) is typically more transparent and competitive than traditional bank FX spreads of 2-4%.
2. Key Innovation: The core innovation is the "conduit" model, acting as a technology and compliance layer between global businesses and U.S. banking infrastructure. This allows for faster onboarding (7-14 business days vs. weeks for a direct bank account) and the unique, seamless integration between a traditional bank account (U.S. Account) and a digital multi-rail payout network (Global USD) within a single platform.

Frequently Asked Questions (FAQ)

1. Is HEVN a bank and is my money FDIC-insured? No, HEVN is a financial technology company, not a bank. U.S. banking services are provided by its regulated sponsor bank partners. Eligible deposits held in the U.S. Account at the sponsor bank may qualify for FDIC insurance up to applicable limits, subject to account structure and recordkeeping. Global USD balances are not FDIC-insured.
2. How long does it take to open a HEVN U.S. Account? The account opening process typically takes between 7 to 14 business days, subject to eligibility checks, compliance review (KYC/KYB), and final approval by the selected U.S. sponsor bank. This is significantly faster than establishing a direct relationship with a U.S. bank, which can take up to 4 weeks.
3. What is the difference between the U.S. Account and Global USD? The U.S. Account is for bank-centric operations: holding USD with FDIC-eligible custody, sending/receiving wires (Fedwire/SWIFT), and obtaining bank-issued documents. Global USD is a 24/7 digital wallet for moving funds instantly between HEVN users, paying out via local rails (e.g., EUR, GBP, BRL), or using stablecoins. They are designed to work together.
4. Which payment rails and currencies are supported? The U.S. Account supports USD payments via Fedwire (domestic) and eligible SWIFT routes (international). Global USD supports multiple currencies (USD, EUR, AED, CNY, etc.) for payouts via local automated clearing houses and instant payment systems, as well as internal HEVN transfers and supported stablecoin networks.
5. Who is eligible for a HEVN U.S. Account? Eligible companies are typically legally registered entities in over 100 supported countries outside the U.S., with a legitimate business need for USD banking. Eligibility is subject to a compliance review based on business type, expected transaction volume, and adherence to anti-money laundering (AML) regulations. A minimum monthly volume commitment is often required.