Former Flutterwave Strategy Lead Damisi Busari, is launching an African fintech enterprise called Sendsprint in the UK to provide money transfer and gifting services to three destination countries for senders including Nigeria, Kenya and South Africa.
Speaking more about the platform Busari said,
“This is a product for the African Diaspora, by the African Diaspora. All of us at SendSprint understand the multiple demands that Africans living abroad lead. The UK launch represents a significant step for SendSprint as we look to expand and connect people across the globe to their homes in Africa. We have ambitious growth targets which will be supported by scaling up our team across both product and customer service.”
In its first 18 months of business, SendSprint plans to serve 300,000 UK consumers. The UK launch is the first step in its international objectives. The firm also intends to expand to the United States and Canada in the coming months.
Sendsprint’s Send Money product aims to solve a financial problem for the African diaspora by providing a flat fee of $5 for money transfers as opposed to a sliding scale from other providers, with real-time transaction monitoring and 24/7 customer service support.
Additionally, the business provides Sendsprint Connect, a gifting service that can be utilized at over 3,000 merchants in recipient nations. Shoprite, Game, Jumia, Filmhouse Cinema, St. Nicholas Hospital, and Healthplus pharmacies are just a few examples of partner merchants.
The launching of Sendsprint coincides with a $2 million funding round raised by FCA-licensed firm Zazuu, which offers a pricing comparison site for members of the African diaspora to sift through the best available deals.