Modern rails for the way businesses already work.
Parallel was built so businesses can move money on stablecoin rails without abandoning the systems they already rely on. Run the old and the new in parallel. That’s where the name comes from.
How money actually moves, and why that needed to change.
Parallel started from frustration with how money actually moves. As an entrepreneur working with contractors and partners around the world, the founder kept running into the same problems — payments that took days, fees that quietly ate 2–4% of every transaction, and corridors where the local payout option was structurally worse for the recipient than getting paid in dollars.
Many of those contractors were already asking to be paid in stablecoins. They knew USDC reached them faster, held its value better, and let them off-ramp through the local exchanges they already used. The rails worked. What didn't exist was a clean product layer on top — something a finance team could actually use without learning crypto wallets, gas, or chain selection.
So we built one. Parallel is the platform we wanted when we were managing this ourselves: a clean dashboard, a USD account that works the way you'd expect, a USDC wallet alongside it, and a payments product that just sends money to the right place in the form the recipient wants. Stablecoins do the work in the background. Your team works in the foreground.
The rails are ready. The product layer isn’t.
Stablecoins are the future of cross-border money movement. The rails are faster, cheaper, and more global than what came before, and the regulatory infrastructure has caught up enough that businesses can use them without legal risk. The remaining work is building products that finance teams actually want to use.
Run modern rails in parallel with old ones.
You shouldn't have to rip out your existing systems to use better infrastructure. Parallel is built to sit alongside the tools you already have — your bank, your accounting software, your existing payment workflows — not to replace them.
Stablecoins are infrastructure, not a product.
USDC is the rail Parallel uses to move money. You don't need to think about wallets, gas, or chains. The complexity stays under the hood; the experience on top is a clean payments product.
Finance teams deserve better tools.
The cross-border payments space has spent years optimizing for either consumer remittance or enterprise treasury. The teams in between — startups, small businesses, growing companies with international operations — get the worst of both. Parallel is built for them.
Built by operators who’ve felt the problem firsthand.
Parallel is founded and built by Peter Kohler, based in Chicago. Peter is a former McKinsey consultant and software engineer who has worked with enterprises and financial institutions on both the strategy and engineering sides of complex systems. He’s been an entrepreneur for years, and Parallel grew directly out of the payment problems he ran into running his own businesses.
The team is small and focused. We’re heads-down building a product that finance teams can rely on, with the same care and rigor we bring to the businesses we’ve helped run. More on the team as we grow.
Parallel is in private beta.
We’re working with a small group of businesses to validate the product before opening it up more broadly. If your team is paying contractors or vendors abroad and you want to see if Parallel fits, we’d like to talk.