This Nigerian immigrant’s remittance struggles inspired a fintech that spans continents
- Akinsola Jegede launched VitalSwap in 2022 to facilitate high-volume transfers at low transaction rates.
- VitalSwap's model eliminates middlemen from the currency exchange process, reducing costs for users.
- The platform processed over $1,000,000 in its MVP phase across 18,000 transactions.
VitalSwap's innovative approach to cross-border payments addresses significant pain points in the industry, particularly for users in Nigeria. However, the reliance on liquidity partners poses a risk as the company scales. Future discussions should focus on how VitalSwap can maintain liquidity and compliance while expanding its user base and services.
