Vision
Our vision is to develop financial service applications that allow our customers to move money like thoughts and make it easier and more affordable for people to conduct transactions without touching cash. We believe this is a moment in history when mobile money services are needed in a world that is moving away from physical cash transactions to digital money and mobile transactions that are seamless across international borders.
Making an Impact
The companies we are targeting to acquire/merge with have these characteristics:
There are large areas of the world where financial service markets are severely under-served. Millions of people need faster, cheaper ways to transfer money directly across borders to fund business transactions and provide family support. Mobile money platforms also provide a solution to the billions of people who own a cellphone but do not have access to a bank. Our services also allow people in other countries to access USD online accounts that are FDIC insured.
By reducing the cost of international fees for cross-border transactions, we support the United Nations’ Sustainable Development Goal to reduce cross-border transaction costs from 7% or more to 3%. Our use of advanced technologies is lowering Fintech costs.
We’re committed to supporting the progress of developing countries and cultures. We have a keen understanding of market needs in many regions of the world where cellphones are in wide use but mobile money services are not yet available. Our founder Dr Khandaker was born in Bangladesh and we have technical teams and partners in Bangladesh and other countries, which gives us unique insights into the needs of developing markets.
We are helping to ensure that humanity has a path forward from an unhygienic cash system; to reduce poverty; improve lives of the unbanked; offer security and saving options for migrant workers; connect families and communities; empower charities and women; and educate underprivileged children.
