TalkRemit is a UK-regulated international money transfer app that enables migrants to send funds to bank accounts, mobile wallets, and cash pickup locations across over 40 countries. The platform combines low-cost remittance services with built-in instant chat and video calling, allowing users to notify recipients and stay connected without leaving the app. Available in 17 sender countries, it emphasizes secure, fast transfers backed by a money-back guarantee.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional international remittance services often impose high fees, poor exchange rates, and slow processing times, creating financial burdens for migrant communities. Recipients may wait days for funds to arrive, while senders face lengthy in-person queues and hidden costs that reduce the value of every transfer.
Solution
TalkRemit provides a fast, secure, and low-cost mobile app and online platform for cross-border money transfers, serving the global diaspora. The service supports bank account deposits, mobile wallet payments, and cash pickup in over 40 destinations, with instant fulfillment and automatic transaction receipts. TalkRemit is a fully licensed Electronic Money Institution regulated by the UK Financial Conduct Authority, safeguarding customer funds in segregated accounts. The app also includes free instant chat and video calling, letting users confirm transfers and communicate with recipients without leaving the platform.
Target Audience
Primary customers are migrant communities worldwide, including both banked and unbanked individuals, who need affordable and reliable ways to send money to family and friends abroad. The service also targets remittance agents and partners seeking to expand their network through TalkRemit's agent program.
Features
- Low-cost transfers with no hidden fees and competitive exchange rates, supported by an instant Quick Quote tool
- Money-back guarantee on all transfers, backed by industry-leading payment protection technology
- Instant money transfers with automatic transaction receipts and support for mobile wallets and eWallet payments
- Built-in free instant chat and video calls, with the ability to invite contacts directly from the app
- Available in 17 sender countries with delivery to over 40 destinations, with new corridors added regularly
- Regulated by the UK Financial Conduct Authority, with funds held in segregated safeguarding accounts separate from company assets