Telda provides spending accounts that enable users to send and spend money without the need for a traditional bank account. It also offers a free Telda card to use online and in stores, allowing holders to withdraw cash from ATMs, pay bills online, and send and receive money. With 1.5 million app downloads and 500,000 active users, the startup helped process transactions worth $300 million in 2023. It has secured $25 million in funding and plans to expand its offerings from payments to saving and investing.