Sharperly Revolutionizes Australia-Nigeria Remittances with IMTO License
Sending money from Australia to Nigeria is often a complex and expensive process, particularly for the Nigerian diaspora. High fees, lack of transparency, and systems that disadvantage both immigrants and small businesses are common frustrations. Chibuike Uzoukwu, a Nigerian immigrant and tech entrepreneur based in Sydney, recognized these challenges firsthand, prompting him to develop a solution: Sharperly. The platform, now launching with an International Money Transfer Operator (IMTO) license, aims to dramatically improve the remittance experience between Australia and Nigeria.
Sharperly’s Innovative Approach to Remittances
Sharperly stands out in the competitive fintech landscape with its unique bidding feature, putting control of exchange rates directly in the hands of its users. This approach allows senders to actively influence the cost of their transfers, providing greater transparency and potentially better value. Uzoukwu’s experiences managing payouts for digital creators across Africa highlighted the inefficiencies of existing remittance systems. This fuelled his desire to build a platform that not only facilitates secure and affordable money transfers but also fosters financial inclusion. Sharperly’s focus on this user-centric approach makes it a vital tool for Nigerians in Australia supporting family, friends, and businesses back home, as it offers an alternative that overcomes many of the common obstacles in the traditional remittance sector.
Keywords
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