From Philosophy to Fintech: Building UmrahCash for Pilgrims to Saudi Arabia feat. William Phelps

Episode notes

In the 51st episode of Colors of Web3 and Entrepreneurship, we sit down with William Phelps, the founder and CEO of UmrahCash. William, originally from London with a background in philosophy and traditional finance, found his passion in emerging markets and the potential of blockchain technology. After working with an Africa-focused Web3 fund, William saw a significant gap in the market for financial services catering to pilgrims traveling to Saudi Arabia. He founded UmrahCash to address the challenges pilgrims face in accessing local currency, particularly those from emerging markets with currency restrictions. Join us as William explains how UmrahCash leverages stablecoins to simplify access to Saudi Riyals for pilgrims, working within the existing financial and cultural landscape to provide a seamless and secure experience.

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