Former SpaceX and X employees raise $9 million for Standard Economics, a platform for the unbanked

Former SpaceX and X employees raise $9 million for Standard Economics, a platform for the unbanked

Evan Jones first encountered the burdensome world of cross-border payments when he tried to send money to his parents in rural Ireland, encountering steep fees and slow processing times. After learning that the problem is even more pronounced for people who live in developing countries and often lack banking services, he decided to create Standard Economics, a startup designed to erase the hassle typical of international payments. On Tuesday, St…