Sendsprint, a Totowa, New Jersey-based international payment and remittance startup, has acquired Nobel Financial Inc., a NJ-based global remittance service provider.
The amount of the deal was not disclosed.
With this acquisition, Sendsprint will be able to support money transfers and gifting from customers in 16 US states, including New Jersey, Maryland, Georgia and more, to recipients in Nigeria, Ghana, Kenya and other African countries.
Founded in 2014, Nobel Financial offers international remittance services from the USA to over 32 countries across Africa, Latin America, Asia and the Middle East. As well as money, the company also enables users to send in-kind gifts such as bags of rice and other gifts to recipients in Africa.
Led by CEO Damisi Busari, Sendsprint is a financial technology startup specializing in cross-border payment solutions, with operations in the US, UK, Ghana, Kenya, South Africa and Nigeria. With the aim to simplify international transactions, it offers user-friendly platforms for individuals, businesses, and organizations to send and receive payments globally.
FinSMEs
09/08/2024