Flutterwave , a leading payments technology provider in Africa, announced the expansion of its Send App service to 49 states in the U.S. through a partnership with MainStreet Bank , a subsidiary of MainStreet Bancshares Inc.
Flutterwave’s Send App makes it faster, easier, and more affordable to transfer money from Africans in the diaspora to their family 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 coupon and referral code section.
Remittances to Africa have doubled over the past decade, reaching an estimated $100 billion by 2022 , according to the United Nations, which helps pay medical bills, school fees and living expenses for an estimated 200 million Africans. The importance and need to stay connected, regardless of distance, is a key driver of this expansion.
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Since its initial launch, Send App has quickly established itself as a trusted platform for Africans in the diaspora, providing a simple and affordable way to send money to loved ones across Africa. Send App’s U.S. footprint now extends to 49 states (all excluding Texas ) . The U.S. expansion will build on Flutterwave’s success and reinforce its commitment to serving African diaspora communities around the world with a payment solution that meets their needs.
Olugbenga “GB” Agboola , Founder and CEO of Flutterwave said, “As a customer-centric and forward-thinking community bank, MainStreet Bank understands and prioritizes investing in communities, making it a perfect fit for Flutterwave’s goal of building bridges between Africa and the world, Our partnership with MainStreet Bank underscores our commitment to providing secure, compliant and efficient financial solutions. This has further strengthened the security of our customers’ funds and data, ensuring that Send App remains a trusted remittance solution that provides Africans in the diaspora with peace of mind for every dollar they send home. We are deeply committed to our diaspora community, which is set to play a major role in Africa’s next phase of growth.”
Todd Youngren , President of Avenu, a division of MainStreet Bank, said the relationship with Flutterwave is a perfect fit for Avenu, an integrated banking platform with fully integrated compliance and risk management: “We are proud to partner with Flutterwave as they expand Send App across the United States.”
About Flutterwave
Flutterwave is the first payments technology company that enables global businesses to expand their business into Africa and other emerging markets by enabling local and cross-border transactions through a single application programming interface (API). The company has infrastructure in 34 African countries and enables cross-border transactions from the diaspora to African countries through its remittance product Send App.
About MainStreet Bank and Avenu
MainStreet Bank, a $2 billion community bank headquartered in Fairfax , Virginia, has a culture of innovation. Its proprietary Avenu software-as-a-service (SaaS) platform is the only integrated banking solution that connects banking partners and their applications directly and seamlessly to a central, purpose-built solution built and owned by the bank.
