Sendsprint Acquires Nobel Financial to Drive Expansion Into The U.S
SendSprint, a money transfer startup based in the UK with operations in the U.S. and Nigeria has announced the acquisition of Nobel Financial Inc., a US-based global remittance service provider, to drive expansion into the United States.
Founded in 2014, Nobel Financial Inc. offers outstanding international remittance services that have enabled more than a million people to send money and gifts-in-kind to friends and family in Africa, Latin America, Asia, and the Middle East.
With this acquisition, Sendsprint is now 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.
Commenting on the expansion to the United States, SendSprint CEO Damisi Busari said,
“The US presents a massive opportunity for us as a company and we are excited to bring our unique blend of people-focused technology solutions and nuanced understanding of Africans in the US market to make this expansion into the US a remarkable success”.
What Sendsprint expansion mean for users in the US
- Fast, secure, and low-cost transfers into Africa.
- You can send gifts from over 3,000 retailers operating in Africa – including big names like Shoprite, Dapper Monkey, Jumia, and Cake City – to loved ones back home.
- Simplified user experience
- Exclusive deals and rewards
- No wallet deposit required
As part of the acquisition, Nobel Financial Inc.’s Chief Compliance Officer, Scott McClain, will join the Sendsprint team as Chief Compliance Officer.
Sendsprint’s journey began earnestly in July 2022 with a focus on the UK, where it targeted the 1.7 million Africans in the diaspora. Offering a $5 flat transfer fee, it set out as a cost-effective alternative to traditional remittance services. The fintech is on a mission to make the diaspora experience of every African personalized, seamless, and convenient.
