Eversend

Founded in 2017, Eversend SAS provides an innovative payment platform designed to simplify money transfers. The company is headquartered in Paris, France.850 million.Eversend offers an all-in-one borderless payment platform designed to facilitate seamless money transfers for individuals and businesses. The core product is a multi-currency e-wallet that enables users to send, receive, and exchange funds at competitive rates while supporting various currencies. Eversend's services cater to both local and cross-border remittances, addressing the challenges faced by users in handling international transactions, particularly in Africa. The platform aims to drive the cost of payments to zero and includes features such as virtual cards for USD transactions, which help users save on foreign exchange fees.Eversend generates revenue through transaction fees associated with its money transfer and currency exchange services. Users can execute transactions at significantly lower costs compared to traditional banks, which typically impose high foreign exchange fees. The company's pricing structure includes competitive rates for sending and receiving money, as well as advantages associated with their virtual cards. By utilizing a direct-to-consumer model, Eversend streamlines transactions for individual users and businesses alike, providing a straightforward platform for both local and international payments.Looking ahead, Eversend plans to launch new products to enhance its service offerings and expand its reach in targeted markets. The company is focused on broadening its presence across Africa and into additional regions by 2023.850 million will be instrumental in supporting these initiatives, allowing Eversend to innovate its platform and improve user experience.

1. Seed

   Dec 7, 2018

   Amount

   $0M

   Investors

   Locked