Remit.vn

remittancesmobile/online remittancenetwork settlement

STATUS: Acquired/Merged
FOUNDING YEAR: 2014
LOCATION: Viet Nam
Last Update: 08/09/2020

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About

Vietnam is in top 10 remittance global market and has been monopoly by local banks. It’s just opened and Remit.vn got the Remittance License by Central Bank late 2014 and we built a remittance hub by applying tech to convert the traditional way. Up to date, with greatest pay-out network by corporating with banks, post for pick-up at counters & m-payment (the No.2 network in country/ after WU) and with VN national switch center for direct to accounts and cards. For the sending side, we signed agreements with P2P, WIC, Money Gram, and in processing to partner with IDT, Xoom, Bitpay, etc. This is a top chance we need to gain market share and move faster to Indochina. That is one of the reasons we start looking for reliable funding partners as angel investors or venture capitalists options for expanding biz issues.

MEDICI Analysis

Remit.vn is a remittance hub for borderless payments. It has integrated with banking services, MTOs, mobile money, global coins, FX players, m-commerce, and other payment providers via propriety exchange platform hubs, transactions & messaging systems.

Focus

PRODUCTS & SERVICES

Remittance

MAIN CLIENTS

Retailers

Banks

Financial Institutions

PRIMARY PROBLEM SOLVED

Convert traditional ways to new channels as Direct to Accounts/ Cards, Mobile Remit, etc.

People

FOUNDERS

Nguyen Tuyen

BOARD MEMBERS AND ADVISORS

Nguyet Vo

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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eWAY

About

Vietnam is in top 10 remittance global market and has been monopoly by local banks. It’s just opened and Remit.vn got the Remittance License by Central Bank late 2014 and we built a remittance hub by applying tech to convert the traditional way. Up to date, with greatest pay-out network by corporating with banks, post for pick-up at counters & m-payment (the No.2 network in country/ after WU) and with VN national switch center for direct to accounts and cards. For the sending side, we signed agreements with P2P, WIC, Money Gram, and in processing to partner with IDT, Xoom, Bitpay, etc. This is a top chance we need to gain market share and move faster to Indochina. That is one of the reasons we start looking for reliable funding partners as angel investors or venture capitalists options for expanding biz issues.

Focus

PRODUCTS & SERVICES

Remittance

TOP PROBLEM SOLVED

Convert traditional ways to new channels as Direct to Accounts/ Cards, Mobile Remit, etc.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO