Pesa, a fintech startup, is revolutionizing remittance services with a multi-currency wallet. Now expanding into the US and 27 European countries, Pesa aims to make global money transfers faster, cheaper, and more accessible.

Pesa's Global Expansion in Remittance Services

Pesa, a fintech startup founded by Nigerians Tolulope Osho, Yusuf Yakubu, and Adewale Afolabi, is revolutionizing remittance services by making them more accessible, affordable, and reliable. After launching in Canada in 2021, Pesa has rapidly expanded into 27 European countries and is now eyeing the US market. The startup’s multi-currency wallet allows users to send, receive, and hold multiple currencies, making international money transfers seamless and efficient.

Key Highlights:

• Pesa is finalizing licenses to launch in the US and recently expanded into 27 European countries.
• The platform allows users to send, receive, and hold six different currencies.
• Pesa aims to make global money transfers fast, secure, and affordable, reducing the need for risky informal channels.
• The startup has processed over a million transactions valued at $380 million and serves 60,000 users, 30% of whom are active.
• Expansion into new markets, including India and Sub-Saharan Africa, positions Pesa as a major player in the digital remittance space.

Impact and Future Goals:

• Pesa’s efforts align with the World Bank’s projections of increasing remittance flows to low-and-middle-income countries, expected to reach $129 billion in India by 2025.
• The startup’s expansion will intensify competition with other digital remittance platforms like Wise, Nala, and Flutterwave.
• Pesa plans to introduce multi-currency cards and other financial products to enhance user experience and drive further growth.

By leveraging technology and innovative solutions, Pesa is poised to significantly impact the global remittance industry, empowering diaspora communities and fostering financial inclusion. 🚀💼

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