Nigerian fintech Transfy has created a blockchain-based financial services platform that will allow any person or company to transfer their money anywhere in Africa in a transparent, secure and free way.
Founded in the city of Lagos, Nigeria, the startup Transfy that launched on the market in April 2021, and according to the CEO and co-founder of Transfy, Vicent Omulo, the technological project aims to give greater financial engagement to Africa.
"Most money remittance companies focus on other corridors outside of Africa, such as originating transactions from the United States, Canada, United Kingdom and the Middle East, among others. There are very few companies that are committed to connecting Africa financially. That's why we came to fill that gap."
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In just under a year of existence, Transfy has had considerable acceptance having processed around US$ 15 million in its first year, and where it now plans to expand its services to the entire continent. Transfy currently operates in Botswana, Ghana, Kenya, Nigeria, Rwanda, South Africa, Uganda and Zambia.
On company expansion, the CEO said that the company is expanding rapidly and that by the end of the second quarter Transfy will be operational in 30 countries on the African continent. Users simply create an account on the Transfy platform, add KYC details and initiate the transaction.
