← Leaderboard

Sending money home costs migrant workers too much

Fintech · Philippines · 👁 0 views

Fees and poor exchange rates eat into remittances families depend on.

Source: World Bank: Remittance Prices Worldwide

Rally people who face itWhatsAppLinkedInXGet credit for who you bring in

Proof it's real

Does this happen to you?

10 more first-hand stories and this problem counts as validated for founders.

Who's solving this

18 startups work on this worldwide

18 startups elsewhere work on this, none in Philippines.

◎ Gap in Philippines
  • RevolutUnicorn

    Fintech

    Spending and sending money across borders carried high fees

    United Kingdom

  • PhonePeUnicorn

    Fintech

    Sending money and paying merchants needed cash or cards

    Bengaluru · India · Digital payments

  • TossUnicorn

    Fintech

    Sending money and banking in Korea was cumbersome

    South Korea

See all 18 startups, by country →Matched automatically from Philippines and around the world. Missing one? Add it and it joins the directory.

Elevtr Ventures venture studio

Want to build this?

Turn this problem into a company. Elevtr Ventures helps founders go from idea to product-market fit, scale and a Series A.

How would you solve it?

No suggestions yet. Be the first to propose a solution.

Weekly digest

Top unsolved problems in Philippines, every Monday

New problems, the most-wanted fixes, and gaps where no startup is building yet.

One email a week. Unsubscribe in one click.