New remittance start-up SendSprint has launched in the UK, targeting the country’s 1.7 million African diaspora.
The company has launched in partnership with Nigerian payment technology Flutterwave, which will provide the necessary infrastructure for SendSprint to process cross-border transactions.
SendSprint will initially offer three destination countries for senders: Nigeria, Kenya and South Africa. The company expects to onboard 300,000 UK customers and another 400,000 international customers in the first 18 months.
The paid technology plans to expand its operations in the United States and Canada in the coming months after establishing its international headquarters in the United Kingdom, with a presence in the United States and Nigeria.
SendSprint’s money transfer service will allow lump sum payments of $5 with favorable exchange rates and real-time transaction tracking.
Additionally, its Sprint Connect offering will allow customers to send gift cards to recipients in Africa, for everyday purchases such as groceries, fashion and beauty products, and healthcare.
SendSprint CEO and former chief strategy officer for Flutterwave, Damisi Busari, said the startup “aims to connect the African diaspora to their loved ones back home by enabling fast, simple and hassle-free international transfers.”
“We have ambitious growth targets which will be supported by strengthening our team for both product and customer service,” adds Busari.