Avosend

About Avosend

Avosend provides a mobile application for fast, commission-free money transfers across 28 countries, utilizing 3D Secure technology to ensure transaction security. The platform addresses the need for affordable and efficient cross-border remittances, allowing users to send money directly to bank cards, accounts, or for cash pickup with competitive exchange rates.

<problem> Traditional cross-border money transfers often involve high fees, unfavorable exchange rates, and complex procedures, making it difficult for individuals to send money to family and friends abroad. Many existing solutions lack transparency and can be slow, creating uncertainty for both senders and recipients. </problem> <solution> Avosend provides a mobile application that enables users to send money quickly and affordably to 28 countries. The platform supports transfers to bank cards, accounts, or for cash pickup, offering competitive exchange rates and low commission fees. By leveraging 3D Secure technology, Avosend ensures transaction security and protects users from fraudulent activities. The service aims to simplify international remittances, providing a user-friendly experience with transparent pricing and real-time tracking. </solution> <features> - Mobile application for iOS and Android platforms - Support for transfers to bank cards, accounts, and cash pickup locations - Integration with Mastercard, Visa, and Mir payment systems - Real-time exchange rate monitoring and commission fee calculation - 3D Secure technology for secure transactions - Transaction history tracking - Customer support available 24/7 - Multi-language support </features> <target_audience> The primary target audience includes individuals who need to send money internationally to family, friends, or for other personal reasons, particularly those seeking affordable and secure transfer options. </target_audience> <revenue_model> Avosend generates revenue through commission fees charged on each transaction, with fees starting as low as 49 RUB for certain transfer routes. </revenue_model>

What does Avosend do?

Avosend provides a mobile application for fast, commission-free money transfers across 28 countries, utilizing 3D Secure technology to ensure transaction security. The platform addresses the need for affordable and efficient cross-border remittances, allowing users to send money directly to bank cards, accounts, or for cash pickup with competitive exchange rates.

Where is Avosend located?

Avosend is based in Moscow, Russia.

When was Avosend founded?

Avosend was founded in 2022.

Location
Moscow, Russia
Founded
2022
Employees
32 employees

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Avosend

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Executive Summary

Avosend provides a mobile application for fast, commission-free money transfers across 28 countries, utilizing 3D Secure technology to ensure transaction security. The platform addresses the need for affordable and efficient cross-border remittances, allowing users to send money directly to bank cards, accounts, or for cash pickup with competitive exchange rates.

avosend.com300+
Founded 2022Moscow, Russia

Funding

No funding information available.

Team (30+)

No team information available.

Company Description

Problem

Traditional cross-border money transfers often involve high fees, unfavorable exchange rates, and complex procedures, making it difficult for individuals to send money to family and friends abroad. Many existing solutions lack transparency and can be slow, creating uncertainty for both senders and recipients.

Solution

Avosend provides a mobile application that enables users to send money quickly and affordably to 28 countries. The platform supports transfers to bank cards, accounts, or for cash pickup, offering competitive exchange rates and low commission fees. By leveraging 3D Secure technology, Avosend ensures transaction security and protects users from fraudulent activities. The service aims to simplify international remittances, providing a user-friendly experience with transparent pricing and real-time tracking.

Features

Mobile application for iOS and Android platforms

Support for transfers to bank cards, accounts, and cash pickup locations

Integration with Mastercard, Visa, and Mir payment systems

Real-time exchange rate monitoring and commission fee calculation

3D Secure technology for secure transactions

Transaction history tracking

Customer support available 24/7

Multi-language support

Target Audience

The primary target audience includes individuals who need to send money internationally to family, friends, or for other personal reasons, particularly those seeking affordable and secure transfer options.

Revenue Model

Avosend generates revenue through commission fees charged on each transaction, with fees starting as low as 49 RUB for certain transfer routes.

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