Flutterwave announced the expansion of its Send App service across 49 U.S. states through a partnership with MainStreet Bank. MainStreet Bank is a subsidiary of MainStreet Bancshares Inc. Send App facilitates faster, easier, and more affordable money transfers from Africans in the diaspora to their families and friends. Send App offers real-time support and exchange rate updates, an activity section that tracks transactions in real-time. It also has 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. This has supported 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 established itself as a trusted platform for Africans in the diaspora. 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.
Connecting Africa to the World
“As a customer-focused, tech-forward community bank. MainStreet Bank understands and prioritizes investment in communities. It a great fit for Flutterwave to connect Africa to the world.” Said Olugbenga “GB” Agboola, Founder and CEO of Flutterwave.
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“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.”
