The startup offers an international bill payment platform that enables users to pay various bills, including utilities and taxes, from any city through a mobile application. By facilitating cross-border payments with reduced transaction fees, the platform addresses the challenges of high costs and complexity in managing international financial transactions.
Funding
$770K 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
Immigrants in the USA often face challenges in paying bills for their families back home due to high transaction fees and complex payment processes. This can lead to delayed payments and potential service disruptions for their loved ones.
Solution
Xaggo is a mobile platform that simplifies international bill payments, allowing users in the USA to pay utility, internet, and other service bills for family members in Mexico, Peru, and Colombia. The app offers a user-friendly interface and direct connections to service providers, ensuring secure and timely payments. By consolidating multiple bills into a single transaction with a transparent fee structure, Xaggo reduces the costs and complexities associated with traditional cross-border payments. The platform also provides instant payment confirmations and automated payment options to prevent late fees and service interruptions.
Target Audience
The primary target audience is immigrants in the USA who regularly send money to pay bills for their families in Mexico, Peru, and Colombia.
Features
- Mobile application available on iOS and Android
- Support for payments to over 150 service providers in Mexico, Peru and Colombia
- Secure transactions with advanced encryption technology
- Instant payment confirmations and notifications
- Automated payment scheduling to avoid late fees
- Multi-bill payment option with a single transaction fee
- Customer support via email and website