Sendsprint expands to the US with Nobel Financial Inc. acquisition
- Sendsprint acquires Nobel Financial Inc. to expand its services in the US.
- The acquisition enables Sendsprint to offer money transfers and gift-sending from customers in 16 US states.
- Remittances to Africa from the US reached $100 billion in 2022.
The acquisition of Nobel Financial Inc. by Sendsprint is a strategic move that allows the company to tap into the growing remittance market between the US and Africa. With the expansion into the US, Sendsprint can leverage its unique technology solutions and understanding of Africans in the diaspora to establish a strong presence. The increasing remittances from the US to Africa indicate the improved financial wellbeing of Africans abroad and present a significant opportunity for Sendsprint's growth.
