Flutterwave has announced the expansion of its Send App remittance service to 49 U.S. states through a partnership with MainStreet Bank.
This move significantly broadens Send App's reach in the United States, covering all states except Texas. The expansion aligns with the growing remittance market to Africa, which reached an estimated $100 billion in 2022, according to data from the UN.
Send App by Flutterwave facilitates faster, easier, and more affordable money transfers from African diaspora communities to their families and friends in Africa. The service offers real-time support, exchange rate updates, transaction tracking, and a new voucher and referral code system.
This expansion is expected to enhance Flutterwave's position in the competitive remittance market and provide more options for African diaspora communities in the U.S.
Olugbenga Agboola, Founder and CEO of Flutterwave, emphasized the partnership's role in providing secure, regulatory-compliant, and efficient financial solutions. Todd Youngren, President of Avenu, a division of MainStreet Bank, noted that the collaboration fits well with Avenu's embedded banking platform.
This expansion reinforces Flutterwave's commitment to serving African diaspora communities globally and contributing to Africa's economic growth through improved remittance services.
