Remittance startup, Sendsprint completes Nobel Financial acquisition to strengthen operations in the US
- Sendsprint has completed the acquisition of Nobel Financial Inc.
- Sendsprint aims to tackle the high cost of sending money to Africa by offering transfers for a flat fee of $5.
- Africa has witnessed a significant surge in remittance flows, with a record $100 billion received in 2022.
The acquisition of Nobel Financial by Sendsprint is a strategic move to expand its services and tap into the US market. By offering transfers for a flat fee of $5, Sendsprint aims to address the high cost of sending money to Africa. The surge in remittance flows to Africa presents a significant opportunity for Sendsprint's growth.
