Fintech company SendSprint is launching its money transfer platform in the UK to help the country’s African diaspora send money back to Nigeria, Kenya and South Africa for a flat fee. 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. There are an estimated 1.7 million people in the UK’s African diaspora. SendSpring said its remittance service will charge a $5 flat rate as it looks to win people over from banks and other services that charge higher rates or sliding scale fees.
SendSprint is partnering with African payments technology company Flutterwave, where Busari was previously an executive, to provide the infrastructure for the service. The company was incorporated in April and has chosen the UK as its international headquarters. It also has offices in the US and Nigeria. Fellow international payments platform Atlantic Money recently gained its payments license in Europe.