Flutterwave, Africa's leading payments technology company has announced the expansion of its Send App service across 49 U.S. states through a partnership with MainStreet Bank, a subsidiary of MainStreet Bancshares Inc. Send App by Flutterwave facilitates faster, easier, and more affordable
money transfers from Africans in the diaspora to their families and friends
back home. Other key features of Send App include real-time support and
exchange rate updates, an activity section that tracks transactions in
real-time, and a new voucher and referral code section.
Remittances to Africa have doubled
over the last decade, reaching an
estimated $100 billion in 2022, according to the United Nations,
supporting the medical bills, education costs, and living expenses of an
estimated 200 million Africans. The importance and necessity of staying
connected, no matter the distance, is a key driver of this expansion.
Since its initial launch, Send App
has quickly established itself as a trusted platform for Africans in the
diaspora, offering a simple and affordable way to send money to loved ones
across Africa. Send App’s U.S. coverage has grown to 49 states today (all
except Texas). The U.S. expansion will build on Flutterwave’s success and
reinforce its commitment to serving African diaspora communities globally with
a payment solution that fits their needs.
“As a customer-focused, tech-forward
community bank, MainStreet Bank understands and prioritizes investment in
communities, which makes it a great fit for Flutterwave’s goal to build bridges
that connect Africa to the world,” said Olugbenga
“GB” Agboola, Founder and CEO of Flutterwave.
“Our partnership with MainStreet
Bank underscores our dedication to providing secure, regulatory compliant, and
efficient financial solutions. This has further strengthened the safety and
security of our customers' funds and data, ensuring that Send App remains a
reliable remittance solution that gives Africans in the diaspora peace of mind
with every dollar they send back home. We care deeply about our diaspora
community, who we expect to play a major role in Africa’s next phase of
growth.”
Todd Youngren, President of Avenu, a
Division of MainStreet Bank, said the Flutterwave relationship is a great fit
for Avenu, an embedded banking platform with fully integrated compliance and
risk management. “We are proud to partner with Flutterwave as they expand Send
App across the U.S.”
