Flutterwave, Africa’s leading payments technology company, has expanded its Send App service to 49 U.S. states, thanks to a partnership with MainStreet Bank.
The move aims to make money transfers faster, easier, and more affordable for Africans in the diaspora. The expansion excludes Texas but covers nearly the entire country.
Send App allows users to send money from the U.S. to family and friends across Africa. It offers features like real-time transaction tracking, exchange rate updates, and a new section for vouchers and referral codes.
According to Flutterwave, the expansion is critical in helping millions of Africans stay connected with loved ones.
Remittances to Africa have doubled over the past decade, reaching $100 billion in 2022. This money helps support education, medical bills, and living expenses for an estimated 200 million people.
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Flutterwave Supporting Diaspora Communities
Since its launch, Send App has grown into a trusted platform for the African diaspora. The latest expansion into the U.S. market builds on that success, strengthening Flutterwave’s commitment to serve African communities globally.
MainStreet Bank, known for its focus on community investments, is seen as the perfect partner for this initiative.
“Our partnership with MainStreet Bank underscores our dedication to providing secure, regulatory compliant, and efficient financial solutions,” said Flutterwave CEO Olugbenga “GB” Agboola. “This has further strengthened the safety and security of our customers’ funds and data.”
The partnership brings increased security to the platform, ensuring that Send App remains a reliable option for Africans in the U.S. looking to send money back home.
Meeting Growing Demand for Remittances
MainStreet Bank’s involvement boosts confidence in the platform’s financial integrity, said Todd Youngren, President of Avenu, a division of MainStreet Bank. “We are proud to partner with Flutterwave as they expand Send App across the U.S.,” he added.
The expansion addresses the growing need for remittance services. The ability to send money efficiently is crucial for Africa’s ongoing development.
Flutterwave believes that the African diaspora will play a significant role in driving this growth, especially as remittances continue to rise.
With this new partnership, Flutterwave continues to bridge the gap between Africa and the rest of the world. They are also empowering people to stay connected no matter the distance.