U.S.-based technology firm River has acquired Wind, a decentralized payments and banking platform, to create a comprehensive super app combining telecommunications, stablecoin-powered payments, and decentralized banking.
This strategic acquisition is a major step in River’s mission to serve the world’s 300 million global citizens—individuals living outside their home countries. With this move, River integrates cross-border financial tools directly into its fast-growing eSIM-powered platform. 
Launched in 2024, River’s eSIM service has achieved $10 million in annual recurring revenue (ARR) in under a year, currently serving over 30,000 recurring users and more than 100,000 one-time buyers worldwide.
With Wind now under its umbrella, River users will gain access to low-cost stablecoin transactions (up to 70% cheaper than traditional providers), multicurrency wallets, and bill payment tools—all without needing a traditional bank account.
Looking ahead, River plans to introduce fully decentralized banking features, including access to income management, savings, and credit for cross-border populations.
River’s leadership team includes Pathao founder Elius, who joins River CEO Ruhin Hossain and lead investor Nabeel Alamgir, founder of restaurant-tech unicorn Lunchbox. Notably, River has scaled profitably without external funding and is currently valued between $100 million and $200 million.
With new licensing in key markets such as the EU and UAE, and enterprise partnerships targeting over one million migrant workers, River is positioning itself as a top player in global connectivity and digital finance—backed by the $800 billion global remittance opportunity.
