IYU provides a cross‑border money transfer platform that lets European users send unlimited funds to Africa, Asia, and Latin America via a mobile app, web portal, or physical agencies, using direct partnerships with local banks for low‑cost, secure transactions. The service also offers open‑banking integration for financial institutions to onboard diaspora and expatriate customers, enabling bidirectional transfers with transparent fees and real‑time exchange rates.
Funding
Funding not disclosed
Founders
Product
Problem
Individuals and businesses in Europe often need to send money to family, friends, or partners in Africa, Asia, and Latin America, but face high fees, limited transfer limits, and fragmented access to reliable banking networks.
Solution
IYU offers a cross‑border money transfer platform that connects European users directly with major financial institutions in target regions. Users can initiate unlimited transfers via a mobile app, web portal, or through a network of physical agencies in France. The service provides end‑to‑end transaction security and leverages open‑banking connections to give diaspora and expatriate communities seamless access to their home‑country banks. IYU also enables financial institutions to reach non‑resident customers by integrating with European open‑banking APIs, expanding their market reach.
Target Audience
Primary users are European expatriates, diaspora members, and businesses that need to remit funds to Africa, Asia, or Latin America, as well as financial institutions seeking to serve non‑resident customers.
Features
- Unlimited transfer amounts for both card‑based and bank‑to‑bank payments
- Digital channels (mobile app and web) plus a nationwide agency network for in‑person transactions
- Direct partnerships with leading banks in Africa, Asia, and Latin America ensuring reliable, low‑cost transfers
- Bidirectional transfers allowing funds to move from Europe to target countries and back
- Open‑banking integration for financial institutions to onboard expatriate and diaspora clients
- Real‑time exchange rate display and transparent fee structure