The startup offers a financial mobile application that enables instant global money transfers and includes an integrated eWallet linked to a debit card for seamless transactions. This solution enhances financial inclusion by allowing users to communicate with senders and create shared financial experiences.
Funding
$12M 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.
Founders
Product
Problem
Traditional international money transfers often involve high fees, slow processing times, and a lack of transparency, creating challenges for individuals supporting families across borders. Existing solutions may also lack integrated tools for communication and financial management, hindering the ability to stay connected and manage finances effectively.
Solution
OneFor provides a mobile financial platform designed for borderless families, offering fast and affordable international money transfers with integrated communication features. The platform includes an eWallet and virtual Mastercard, enabling users to send and receive money instantly, manage expenses, and make payments worldwide. OneFor facilitates financial inclusion by allowing users to connect with family members, create shared accounts, and manage finances in a transparent and user-friendly environment. The app also offers junior accounts for kids aged 7-18, promoting financial literacy and responsible spending habits.
Target Audience
The primary target audience includes individuals who regularly send money internationally to support family members, as well as families seeking a comprehensive financial management tool with integrated communication and educational features for children.
Features
- Instant money transfers between OneFor accounts, processed in approximately 0.2 seconds
- Virtual and physical Mastercard options for worldwide payments and ATM withdrawals
- Borderless family accounts allowing multiple family members to have their own eWallets and Mastercards
- Junior accounts for children with parental control features to monitor and manage spending
- Integrated chat feature for seamless communication during transactions
- Support for bank transfers to and from any EU IBAN account
- 24/7 customer support available in multiple languages via in-app chat, web-chat, phone, or email
- Mastercard Secure protection, data encryption, and 24/7 fraud monitoring for enhanced security
- Real-time notifications for all transactions to keep users informed about their spending