Sendsprint acquires Nobel Financial to expand remittance services in the US
Sendsprint, an international payment and money transfer start-up, has acquired US-based remittance fintech Nobel Financial to expand its global presence and enhance its services for customers in the US.
Sendsprint set to acquire Nobel Financial
The acquisition, the financial terms of which are undisclosed, will enable Sendsprint to support remittances and gifting from users in 16 US states to recipients in Ghana, Kenya, Liberia, Nigeria, and other African nations.
Damisi Busari, CEO and founder of Sendsprint, says the US market “presents a massive opportunity for us as a company”.
Sendsprint, headquartered in London and Lagos, facilitates quick fund transfers to Africa, claiming to often complete transfers within 30 minutes.
Established in 2014, Nobel Financial provides international money transfer services from the US to more than 32 countries across Asia, Africa, Latin America, and the Middle East. Furthermore, the firm allows users to send in-kind gifts to beneficiaries in Africa.
Following the acquisition’s close, Nobel Financial’s chief compliance officer, Scott McClain, will transition to Sendsprint, retaining the same role. He will be accompanied by members of his current team to help bolster Sendsprint’s compliance programme in the US.
