RemitSo offers a digital platform for international remittance service providers, enabling them to launch branded mobile and web applications for their customers. The platform streamlines agent and partner onboarding and provides a comprehensive view of money transfer operations, facilitating efficient settlements.
Funding
Funding not disclosed
Founders
Product
Problem
International remittance service providers face challenges in launching and managing branded mobile and web applications, agent and partner onboarding, and gaining a comprehensive view of their money transfer operations. This complexity can hinder efficiency and scalability.
Solution
RemitSo offers a full-suite, enterprise-grade software platform designed to streamline the management of international money transfer operations. The platform enables remittance service providers to launch branded mobile and web applications, simplifying agent and partner onboarding. It provides core banking modules, KYC/AML capabilities, and global integrations, all while ensuring PCI-DSS and global regulatory compliance. RemitSo's architecture, built on AWS cloud services, ensures performance, reliability, and scalability, with features like AWS Lambda for serverless computing and RDS databases for efficient data management. The platform also offers one-touch integrations with industry-leading providers for payouts, identity verification, compliance, and payment gateways, facilitating money transfers in over 100 countries.
Target Audience
RemitSo targets banks, neo-banks, credit unions, fintech companies, money service businesses (MSBs), and exchange houses looking to streamline and scale their international money transfer operations.
Features
- Customizable web and mobile application development with white-label options
- Integrated KYC/AML compliance tools and regulatory reporting
- Core banking modules for comprehensive financial management
- Global payout network with connections to various payout providers across Asia, Europe, Africa, North America, South America, and Oceania
- One-touch integrations with third-party services for identity verification (Sumsub), open banking (Saltedge, Volume), and payment gateways (Monoova)
- Real-time transaction monitoring and reporting
- PCI-DSS compliant infrastructure and security protocols
- Support for both cash and digital remittance experiences