Reeple

About Reeple

Reeple is a financial technology platform that facilitates cross-border payments for diasporan Africans and global freelancers by providing access to virtual bank accounts and competitive transfer rates. The service addresses the challenges of high fees and slow transaction times in international money transfers, enabling users to send and receive funds securely and efficiently.

<problem> Diasporan Africans and global freelancers face challenges with high fees and slow transaction times when making cross-border payments. Traditional banking systems and money transfer services often lack the accessibility and convenience needed for efficient international financial transactions. </problem> <solution> Reeple provides a financial technology platform that offers virtual bank accounts and competitive transfer rates, streamlining cross-border payments for diasporan Africans and global freelancers. The platform enables users to send and receive money globally with ease, security, and speed. By offering access to CAD, USD, NGN, and EUR wallets, Reeple facilitates seamless transactions and eliminates hidden fees, ensuring more value reaches recipients. Reeple also provides virtual cards that work on global platforms like Shein, Amazon, and Aliexpress. </solution> <features> - Multi-currency wallets supporting CAD, USD, NGN, and EUR - Virtual bank accounts for receiving international payments - Competitive exchange rates with transparent pricing - Virtual USD cards for online shopping on international platforms - Fast account verification and virtual bank account setup - Secure platform with encryption and two-factor authentication - Real-time transaction tracking - Seamless integration with local banks in Nigeria and Canadian banks </features> <target_audience> Reeple primarily targets diasporan Africans and global freelancers who require efficient and cost-effective solutions for cross-border payments and international money transfers. </target_audience>

What does Reeple do?

Reeple is a financial technology platform that facilitates cross-border payments for diasporan Africans and global freelancers by providing access to virtual bank accounts and competitive transfer rates. The service addresses the challenges of high fees and slow transaction times in international money transfers, enabling users to send and receive funds securely and efficiently.

Where is Reeple located?

Reeple is based in Lagos, Nigeria.

When was Reeple founded?

Reeple was founded in 2022.

How much funding has Reeple raised?

Reeple has raised 290000.

Who founded Reeple?

Reeple was founded by Oluwatomisin Kolawole.

  • Oluwatomisin Kolawole - CEO
Location
Lagos, Nigeria
Founded
2022
Funding
290000
Employees
10 employees
Major Investors
Techstars, Kaleo Ventures, Techstars Toronto Accelerator
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Reeple

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Reeple is a financial technology platform that facilitates cross-border payments for diasporan Africans and global freelancers by providing access to virtual bank accounts and competitive transfer rates. The service addresses the challenges of high fees and slow transaction times in international money transfers, enabling users to send and receive funds securely and efficiently.

reeple.ai500+
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Crunchbase
Founded 2022Lagos, Nigeria

Funding

$

Estimated Funding

$290K+

Major Investors

Techstars, Kaleo Ventures, Techstars Toronto Accelerator

Team (10+)

Ayokunle Adesanya

CTO

Oluwatomisin Kolawole

CEO

Company Description

Problem

Diasporan Africans and global freelancers face challenges with high fees and slow transaction times when making cross-border payments. Traditional banking systems and money transfer services often lack the accessibility and convenience needed for efficient international financial transactions.

Solution

Reeple provides a financial technology platform that offers virtual bank accounts and competitive transfer rates, streamlining cross-border payments for diasporan Africans and global freelancers. The platform enables users to send and receive money globally with ease, security, and speed. By offering access to CAD, USD, NGN, and EUR wallets, Reeple facilitates seamless transactions and eliminates hidden fees, ensuring more value reaches recipients. Reeple also provides virtual cards that work on global platforms like Shein, Amazon, and Aliexpress.

Features

Multi-currency wallets supporting CAD, USD, NGN, and EUR

Virtual bank accounts for receiving international payments

Competitive exchange rates with transparent pricing

Virtual USD cards for online shopping on international platforms

Fast account verification and virtual bank account setup

Secure platform with encryption and two-factor authentication

Real-time transaction tracking

Seamless integration with local banks in Nigeria and Canadian banks

Target Audience

Reeple primarily targets diasporan Africans and global freelancers who require efficient and cost-effective solutions for cross-border payments and international money transfers.