Flutterwave, Africa’s leading payments technology company, has announced the expansion of its Send App service across 49 States in the U.S. through a partnership with MainStreet Bank, a subsidiary of MainStreet Bancshares Inc. (Nasdaq: MNSB and MNSBP).
Send App by Flutterwave facilitates faster, easier, and 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 doubled over the last decade, reaching an estimated $100 billion in 2022, according to the United Nations. The funds support the medical bills, education costs, and living expenses of an estimated 200 million Africans. The importance of staying connected, no matter the distance, is a key driver of this expansion.
Since its launch, Send App has become a trusted platform for Africans in the diaspora, offering a simple way to send money to loved ones in Africa. Send App’s U.S. coverage has grown to 49 States (except Texas). The expansion will build on Flutterwave’s success and reinforce its commitment to serving African diaspora communities globally.
Olugbenga “GB” Agboola, Founder and CEO of Flutterwave, said, “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. Our partnership 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.”
Send App by Flutterwave is currently available on Google Play Store and Apple App Store. For more information on how to use Send App, please visit https://send.flutterwave.com/