A legacy remittance company exploring stablecoins for cross-border transfers and digital asset access.
Western Union’s stablecoin takes on fintechs for bigger share of Africa’s $95B remittance market
Western Union announced the launch of USDPT, a dollar-backed stablecoin, during the Money20/20 fintech conference. The stablecoin will debut on the Solana blockchain in 2026, marking a significant evolution in remittance technology.
This Nigerian immigrant’s remittance struggles inspired a fintech that spans continents
Akinsola Jegede launched VitalSwap in 2022 to facilitate high-volume transfers at low transaction rates. VitalSwap's model eliminates middlemen from the currency exchange process, reducing costs for users.
Microsoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora
Khalid Ashmawy founded Munify to address the high costs and slow processes of sending money home for Egyptians abroad. Munify joined Y Combinator's Summer 2025 batch, marking a significant achievement for a startup from outside the U.S.
Deep Dive: African Remittance Startups Are Battling for Your Wallet
The traditional methods of sending money to Africa included banks and Western Union. Remittance startups are emerging as key players in the African remittance market.
African Remittance Startups Surge as Inflows Hit Record $56B in 2024
LemFi secured $53 million in funding and surpassed $1 billion in monthly transactions. Nala expanded operations to the Philippines and Pakistan, securing $40 million in funding.
