Oakland based payments and remittance platform raised $1.2m in Seed funding led by Launch Africa.
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Afriex raises $1.2m in Seed funding
“We would go back home every two years and even then, I would always take note of what was missing and what could be improved. I would find myself having to pay for foreign expenses with money that was sitting in a US bank account,” said Alabi. “Traditional remittance companies were so slow and expensive that I knew I could do it better with crypto. Remittance is the best and most important use case for crypto. Our goal is to build the world’s largest remittance company, starting with emerging markets.”
