Eversend provides an all-in-one multi-currency mobile application for borderless payments and financial management. Users can exchange currencies, send and receive money internationally, and create virtual USD cards for online spending. This platform offers lower transaction fees and transparent exchange rates for both personal and business financial needs.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GFLSVAFounders
Product
Problem
Traditional cross-border money transfers, especially within Africa, are often expensive and inefficient, creating barriers to financial inclusion. Hidden foreign exchange fees and reliance on traditional banking infrastructure contribute to these high costs.
Solution
Eversend offers a multi-currency payments platform designed to streamline and reduce the costs of international money transfers. Users can send, receive, and exchange money in multiple currencies at competitive rates using a single e-wallet. The platform also provides virtual USD debit cards, enabling users to avoid high foreign exchange fees when making online payments. By offering affordable rates and transparent transactions, Eversend aims to drive down the cost of payments, particularly for individuals and businesses operating in Africa.
Target Audience
Eversend primarily targets individuals and businesses in Africa who need to send, receive, or exchange money across borders, as well as cryptocurrency traders.
Features
- Multi-currency e-wallet to hold and exchange various currencies
- Virtual USD debit cards to minimize foreign exchange fees on online transactions
- Send and receive money internationally at low transaction fees
- In-app messaging platform for customer service support
- High-level security measures, including secure servers and privacy verification
- Mobile app available for Android and iOS devices
- KYC verification process for secure transactions