Remitee provides a platform for cross-border payments that enables direct payments for essential services, giving migrant families more control over their finances. Their infrastructure allows for secure and compliant transactions, improving the experience for both senders and recipients. By focusing on direct payments for services, Remitee aims to eliminate uncertainties associated with traditional money transfers.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border payment systems often lack transparency and control, creating uncertainties for migrant families sending money home for essential services. Existing solutions can be slow, expensive, and may not ensure that funds are used as intended.
Solution
Remitee provides a technology infrastructure for international payments, enabling regulated financial institutions to offer efficient and compliant cross-border payment services. The platform focuses on direct payments for essential services, giving senders more control over how their money is used. Remitee's proprietary technology combines payment processing, treasury management, and regulatory compliance into a single solution. The infrastructure supports a wide network of payment disbursement options, including bank accounts, digital wallets, and direct bill payments.
Target Audience
Remitee primarily serves regulated financial institutions such as banks, money transfer operators, and digital wallet providers that require a robust international payment infrastructure.
Features
- Global payment disbursement network with access to over 1.5 billion bank accounts and 100 million digital wallets.
- Real-time transaction processing with over 90% of payments confirmed in real-time.
- Multi-currency exchange capabilities providing competitive rates and liquidity.
- Integrated KYC, AML/FT, and transaction monitoring systems to meet regulatory requirements.
- Support for various payment methods, including bank transfers, digital wallets, card payments, and bill payments.
- White-label debit card issuance for distribution.
- Webhooks and APIs for integration into existing systems.
- 24/7 operational support.