Ugandan entrepreneur and co-founder of money transfer service app Eversend, Stone Atwine says that the app is rebranding and expanding its product and market.
In 2020, the app only allowed individuals and businesses to send money from one mobile device to another across borders at a cheaper cost than traditional bank and wire transfers. Today, the company’s operations include cross-border payments, virtual credit cards, currency exchange, and cryptocurrency transfers.
Eversend has also now introduced a B2B crypto-fiat payments application, allowing businesses to accept cryptocurrency as a form of payment. This system, which consists of an API that businesses can integrate into their own platforms, enables them to hold, payout, collect and convert cryptocurrency to fiat and vice versa.
In addition to this, the app is also rebranding its visual look.
“With these implementations, we have matured into an advanced company. From a mobile application to a retail and business payment platform. The re-brand includes a changed logo and visual style, including the font and color to reflect who we are today and symbolize our future.” The company mentioned in a statement on its website.
The company started with one inspired young man, Stone Atwiine, fixing the perils of sending remittances to his grandma in Uganda and now they’re building the financial octopus for Africa and beyond.
Eversend services are available in Uganda, Kenya, Ghana, Nigeria, and Rwanda. The company is looking at further regional expansion.