For years, people living in developed countries have enjoyed low money transfer fees when sending funds to their families and friends in developing countries.
Unfortunately, for those living in developing countries, this is not the case.
That's why London-based fintech startup Sendit is launching to fix this remittance inequality anomaly. While most companies are targeting remittance to Africa and other developing regions, Sendit says it will initially focus on enabling remittance from Nigeria to the United Kingdom, and later to the EU, the US and the rest of Africa.
Subscribe for free today to fully access The Draft, and for as low as $5 per month for premium content, including exclusive stories and investigative reports on Techloy.