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
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.
RevolutUnicorn
FintechSpending and sending money across borders carried high fees
United Kingdom
PhonePeUnicorn
FintechSending money and paying merchants needed cash or cards
Bengaluru · India · Digital payments
TossUnicorn
FintechSending money and banking in Korea was cumbersome
South Korea
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.