back Back

Sendsprint launches in the UK to provide money transfer services to the African Diaspora

By Leandra Monteiro

July 13, 2022

  • Africa
  • African Diaspora
  • Cross Border Payments
Share

Sendsprint TechnologySendsprint Technology Solutions, a payments company, is launching in the UK with a service targeting the African Diaspora, which represents an estimated 1.7 million people across the UK.

Sendsprint launches in partnership with Flutterwave, one of Africa’s leading payments technology companies, who provides the infrastructure to enable Sendsprint to process cross-border transactions.

Speaking on SendSprint’s UK launch, CEO Damisi Busari said, “We understand the connection that people have with their home countries and the importance of sending money and gifts home to support loved ones. SendSprint is about connecting the African Diaspora to loved ones at home by enabling fast, simple, and hassle-free international transfers, as well as an innovative gifting experience. This is a product for the African Diaspora, by the African Diaspora. All of us at SendSprint understand the multiple demands that Africans living abroad lead. Our service recognises and reflects this.

“The UK launch represents a significant step for SendSprint as we look to expand and connect people across the globe to their homes in Africa. We have ambitious growth targets which will be supported by scaling up our team across both product and customer service.”

The company’s products connect the African Diaspora to loved ones at home, and is introducing its Sendsprint money transfer service, and Sprint Connect to the market – a gifting solution which connects the African diaspora to retailers across the continent.

At launch, SendSprint will offer three destination countries for senders including Nigeria, Kenya and South Africa. In the first 18 months, SendSprint is targeting 300,000 UK customers. The UK launch represents the first step in SendSprint’s international plans as it looks to expand into the United States and Canada in the coming months.

Sendsprint’s Send Money product, is a reliable and affordable solution which will solve a financial problem for the African diaspora by providing a flat fee experience of $5 (approx £4.10) for money transfers as opposed to a sliding scale from other providers, favourable exchange rates with real-time transaction monitoring and 24/7 customer service support.

Sendsprint’s unique gifting product, Sprint Connect, is designed specifically for the African diaspora. The company’s technology-driven product range is enabled by aggregator partnerships with over 3,000 retailers in recipient countries. Partner retailers include Shoprite, Game, Jumia, Filmhouse Cinema, St Nicholas Hospital and Healthplus pharmacies among others. The product enables customers to send gift cards to recipients in Africa, for day-to-day purchases such as groceries, fashion and beauty products and healthcare, reflecting the cultural nuance in how remittances are used at home.

Previous Article

July 13, 2022

Tink launches Settlement Accounts to simplify real-time bank payments for merchants

Read More
Next Article

July 13, 2022

Kasheesh launches split online payments option across multiple credit & debit cards

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Africa

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 17, 2024

Confida and illimity create new capillary proximity network, Pehi

Read More

May 17, 2024

dLocal expands partnership with Deel to 12 new countries

Read More

May 17, 2024

Dwolla & Visa to enhance Pay by Bank experience for businesses

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023