YouSend, a remittance application designed specifically for African immigrants, has officially launched in the United Kingdom and Canada. The app aims to become the trusted platform for sending money home, addressing the frequent and stressful financial task faced by many in the diaspora.
Fast and Reliable Transfers
The application completes 95% of transfers in under two minutes and provides round-the-clock live human support. This eliminates the frustration of settlement windows closing over weekends and public holidays, as well as reliance on chatbots for assistance. Transfers reach recipients in Nigeria, Ghana, Kenya, and Tanzania swiftly, with transparent exchange rates.
Technology and Expansion Plans
YouSend operates on stablecoin settlement technology, enabling rapid processing. Before its public launch, the app had already processed over $1 million in transfers through word-of-mouth and referrals. The company plans to expand into the European Union and the United States in the coming weeks.
Adeoye Ojo, Co-Founder of YouSend, emphasized the importance of trust: "Sending money home is one of the most important things our customers do. Choosing us means they place real trust in our hands. Our job is to honor that trust every single time and be there when it matters most."
Regulatory Compliance and Backing
The founding team spent years studying the remittance space before launching. YouSend holds licenses from the UK Financial Conduct Authority, FINTRAC in Canada, and the Central Bank of Nigeria. The company is backed by CMT Ventures, DCG, Blockwall, CoinSwitch Ventures, Musha Ventures, and angel investor Pule Taukobong.
Pratyush Shah, Head of Investments at CoinSwitch Ventures, noted: "Cross-border remittances remain one of the strongest real-world applications for stablecoins. YouSend combines regulatory credibility with a clear focus on speed, reliability, and customer experience, all critical to building enduring financial infrastructure."
The app is available on the App Store and Google Play, and at www.yousend.co.
