New remittance start-up SendSprint has launched in the UK, targeting the country’s 1.7 million-strong African diaspora.
The firm has launched in partnership with Nigerian paytech Flutterwave, which will provide the infrastructure necessary to enable SendSprint to process cross-border transactions.
SendSprint will initially offer three destination countries for senders: Nigeria, Kenya and South Africa. The company plans to onboard 300,000 UK customers and a further 400,000 international customers in the first 18 months.
The paytech plans to expand its operations into the US and Canada in the coming months having established its international headquarters in the UK, with a presence in the US and Nigeria.
SendSprint’s money transfer service will allow for $5 flat-fee remittances with favourable exchange rates and real-time transaction monitoring.
Additionally, its Sprint Connect offering will allow customers to send gift cards to recipients in Africa, for day-to-day purchases such as groceries, fashion and beauty products and health care.
SendSprint CEO and former Flutterwave strategy lead Damisi Busari says the start-up “is about connecting the African diaspora to loved ones at home by enabling fast, simple, and hassle-free international transfers”.
“We have ambitious growth targets which will be supported by scaling up our team across both product and customer service,” Busari adds.