Firm unveils app for diaspora remittance
A Nigerian-owned Fintech company has concluded plans to launch a mobile app to boost the growth of Small and Medium Enterprise through diaspora remittance.
The firm based in the United Kingdom said the app, FinREMIT, will help bridge the gap between remittances and financial inclusion, thereby providing a much-needed boost to the developing economies.
The founder of the company, Temitope Amujo, in a statement on Wednesday, said the app when launched will not only usher in a new era for diaspora financial inclusion but also reshape Nigeria’s financial landscape as well as bridge the gap between diaspora and Nigerian businesses especially the Small and Medium-sized enterprises.
According to Amujo, the app would be a financial game-changer with the mission to mobilise diaspora remittance from about 17 million Nigerians outside the country to boost the Nigerian economy.
Amujo added that the app will commence with a target to remit about 200,000 pounds to a minimum of 200 small businesses by the first quarter of 2024 to create a minimum of 400 new jobs every two months.
The statement added the app and website version will be launched on December 1, 2023.