Dulloo FX facilitates fast and secure international money transfers using a direct matching system between users in different countries. The platform offers competitive exchange rates and low fees, aiming for an efficient remittance experience. Users can initiate transfers directly through a simple process, including an option to send money via WhatsApp.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border money transfers often involve high fees, complex procedures, and reliance on banking intermediaries, making them inefficient and costly, especially for migrant communities. These conventional methods lack transparency and can be slow, creating challenges for individuals needing to send money to their families quickly and securely.
Solution
DULLOO facilitates secure and direct money transfers via a matching system on WhatsApp, connecting users who need to exchange funds in opposite directions. By identifying users with reciprocal transfer needs, DULLOO bypasses traditional banking intermediaries, reducing costs and increasing efficiency. The platform ensures transaction security by holding funds from both parties until the agreed-upon exchange is verified, guaranteeing that the correct amounts are transferred. DULLOO's approach simplifies the remittance process, making it more accessible and affordable for migrants to send money to their loved ones.
Target Audience
DULLOO primarily targets migrants and individuals who regularly send money to family members in other countries, particularly those in Brazil, Chile, and Mexico.
Features
- WhatsApp integration for initiating and managing money transfers
- Matching algorithm to connect users with opposite transfer needs
- Secure holding of funds to guarantee transaction safety
- Real-time exchange rate simulation with all taxes and fees included
- Option to match with open operations based on currency and value needs
- Customer support via WhatsApp