A legacy remittance company exploring stablecoins for cross-border transfers and digital asset access.
Zepz to use stablecoins to optimise its remittance back-office infrastructure
Zepz has partnered with Circle to integrate stablecoins into its back-office operations. This partnership aims to reduce reliance on pre-funding payout positions in destination countries.
Scoop: CBN releases list of 108 IMTOs with commercial approval
The CBN has licensed 108 IMTOs, a significant increase from 15 in 2016. The renewed push by the CBN aims to boost dollar inflows into Nigeria.
Deep Dive: African Remittance Startups Are Battling for Your Wallet
The traditional methods of sending money to Africa included banks and Western Union. Remittance startups are emerging as key players in the African remittance market.
African Remittance Startups Surge as Inflows Hit Record $56B in 2024
LemFi secured $53 million in funding and surpassed $1 billion in monthly transactions. Nala expanded operations to the Philippines and Pakistan, securing $40 million in funding.
Sendsprint expands to the US with Nobel Financial Inc. acquisition
Sendsprint acquires Nobel Financial Inc. to expand its services in the US. The acquisition enables Sendsprint to offer money transfers and gift-sending from customers in 16 US states.
