Remittance Startup Sendsprint Acquires Nobel Financial For US Expansion
- Sendsprint acquires Nobel Financial Inc. to expand its services in the United States.
- Sendsprint will support money transfers and gifting from customers in 16 US states to recipients in African countries.
- Remittance flows to Africa have reached $100 billion in 2022, surpassing funds received through Official Development Assistance and Foreign Direct Investment.
The acquisition of Nobel Financial Inc. by Sendsprint is a strategic move to expand its presence in the United States and tap into the growing remittance market. By offering low-cost transfers and expanding its operations, Sendsprint aims to address the high cost of sending money to Africa. The addition of Scott McClain, with his expertise in compliance, will ensure Sendsprint's compliant growth as it expands across the US.
