Sendsprint, a Nigerian fintech startup, has revealed that it has bought Nobel Financial, a US-based global money transfer service. With this purchase, Sendsprint will be able to offer more services and reach more people in the United States.

Sendsprint will also be able to support money transfers and gifting from customers in 16 US states, including New Jersey, Maryland, Georgia and more, to recipients in Nigeria, Ghana, Kenya and other African countries.

Nobel Financial is a company that was started in 2014 and sends money from the United States to over 32 countries in Africa, Latin America, Asia, and the Middle East. The company lets people send more than just money to people in Africa. They can also send gifts such as bags of rice and other items. More than a million people have used Nobel Financial to send money to people worldwide in the last 10 years.

Read also: Bio-Logical Climate Startup raises $1.3 million for growth and Expansion

“We see immense value in Nobel Financial, and that was what this acquisition was borne out of. The US presents a massive opportunity for us as a company, and we are excited to bring our unique blend of people-focused technology solutions and nuanced understanding of Africans to the US market to make this expansion into the US a remarkable success. ” Damisi Busari, CEO and founder of Sendsprint, said. 

Why Choose Sendsprint for Your Payment Needs? 

Sendsprint specialises in cross-border payment solutions, with operations in the US, UK, Ghana, Kenya, South Africa, and Nigeria. Transactions are processed quickly, often within 30 minutes, and are protected by advanced security measures, including two-factor authentication (2FA) and real-time transaction monitoring. 

In addition, Sendsprint has formed partnerships with more than three thousand active stores in Africa. These retailers include well-known names such as Shoprite, Dapper Monkey, Jumia, and Cake City. These partnerships allow users to send gift cards to recipients in Africa.

As part of the transaction, Scott McClain, who now serves as the Chief Compliance Officer at Nobel Financial, will assume the role of Chief Compliance Officer at Sendsprint. He and other members of his team will support Sendsprint’s compliance program in the United States.

Read also: Google-backed African startups raise $266 million in investment

More info on Sendsprint

Founded in 2022 by Damisi Busari, a former executive at Flutterwave, Sendsprint is a payment business based in Nigeria. Across Africa, the company is committed to developing digital payment systems and financial transfers. Busari’s leadership at Sendsprint and her knowledge of financial technology are essential to the advancement of innovation and the broadening of access to financial services.

Sendsprint’s leadership has established user-friendly solutions for international payments. The company reached an important growth milestone with the recent acquisition of Nobel Financial, which is situated in the United States. This acquisition has broadened the company’s effect and technological capabilities in worldwide payments.