In an increasingly interconnected world, money transfers to emerging economies represent a crucial challenge for the development and support of local populations. Pesa positions itself at the forefront of this revolution, offering a fast, secure, and accessible solution for all. Thanks to its innovative technologies and user-centered approach, Pesa transforms the way money circulates, allowing millions of people to benefit from new economic opportunities. Be convinced by the incredible impact of this platform on the daily lives of individuals and communities around the globe.
A response to risky informal chains
Pesa, a fintech specializing in money transfers, tackles high costs, inaccessibility, and uncertainty in traditional remittance services. The founders of Pesa, inspired by their own experience using informal channels like WhatsApp groups to transfer money, decided to create a reliable and secure alternative.
Solutions tailored to the needs of diasporas
Initially launched for the Canada-to-Africa remittance market in 2021, Pesa quickly expanded into a comprehensive action plan. By creating a multi-currency wallet, Pesa allows its users to send, receive, and hold funds in multiple currencies, thus facilitating international transactions without interruption.
Global expansion and strategic licenses
Already present in 27 countries of the European Union, Pesa is in the process of acquiring the necessary licenses for its launch in the United States. Through a temporary partnership in the United Kingdom, obtaining an Electronic Money Institution (EMI) license is underway, which will allow Pesa to offer lower-cost services and provide new features to its users.
Access to major remittance destinations
Pesa now enables transfers to five African markets such as Nigeria and Ghana, as well as to India, the largest recipient country of remittances. With a strategic entry into India, Pesa facilitates money transfers to a rapidly growing remittance region.
Competition in the digital space
Facing competition from startups and established businesses like Wise and Zepz, Pesa has achieved profitability in less than two years. With over one million transactions processed, valued at $380 million, and 60,000 users, of which 30% are active, Pesa stands out for its efficiency and rapid growth.
Future goals and product innovations
Optimistic about the impact in new markets, the Pesa team envisions products like multi-currency cards. Their ambition is to complement expansion and integrations on all continents to generate even more revenue.
- Innovation: Multi-currency wallet
- Expansion: Almost 30 countries covered
- Competitiveness: Global remittance market
- Impact: Over one million transactions
- Reliability: Strategic partnerships and licenses
- Projection: Multi-currency cards planned
