What is SendFriend?
SendFriend is a fintech company dedicated to revolutionizing international money transfers for Overseas Filipino Workers (OFWs). By leveraging blockchain technology and a strategic partnership with Ripple, SendFriend offers a secure, user-friendly, and cost-effective remittance solution. The platform significantly reduces transfer costs by an estimated 65% compared to industry averages. The company's leadership comprises a seasoned team with prior experience at prestigious institutions such as The World Bank, MIT, MoneyGram, and Harvard Business School, positioning SendFriend for substantial growth and market disruption.
How much funding has SendFriend raised?
SendFriend has raised a total of $1.7M across 1 funding round:
Other Financing Round
$1.7M
Other Financing Round (2019): $1.7M, investors not publicly disclosed
What's next for SendFriend?
The substantial enterprise-level funding and strategic investment indicate SendFriend is in a scaling phase, poised to expand its market reach and enhance its technological infrastructure. The company's focus on reducing remittance costs for OFWs, coupled with its innovative use of blockchain and strong team, suggests a trajectory towards becoming a dominant player in the global remittance market. Future developments will likely involve further platform enhancements, broader geographic expansion, and continued efforts to lower transaction fees, solidifying its competitive advantage.
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