Remitr To Discontinue Personal Money Transfer App To Focus On Small Businesses

Remitr To Discontinue Personal Money Transfer App To Focus On Small Businesses

Remitr was founded in 2016 to make sending money internationally simpler and more efficient. How? By reducing friction, increasing speed and lowering costs. In 2018, Remitr expanded our offering to support small businesses in Canada.

Realizing how underserved these businesses were by the large financial institutions, we made it our mission to champion them, and make it easier for them to grow and scale. There’s still a lot of work to be done – and small businesses need support now more than ever. This is why we have decided to focus 100% of our energy on bettering businesses payments.

To better align with our mission, we will be closing the Remitr application for personal money transfer on October 31st, 2020. 

We would like to thank our personal remittance customers for being a part of our journey. We would also like to encourage all customers who have used the Remitr app for personal transfers to save any historical data from the app that they may need after it is non-functional.

Kanchan Kumar, CEO and Co-Founder of Remitr, said:

“Our service isn’t what makes Remitr exciting – our customers are. I’m thankful to our early personal remittance customers, who supported and trusted us early on. Remitr was created to better connect the world and in the process, we realized just how disconnected small businesses are. We are prioritizing solving the pain of payments for small businesses as they grow. As Remitr closes the processing of personal remittances, we look forward to championing the growth of small businesses and what their contribution means to economies.”

Remitr business payment makes it easy & cost effective to pay suppliers, contractors and staff in over 150 countries at the click of a button without having to rely on archaic cheques and bank wire transfers.. If you have been a Remitr personal remittance user and also have a business, or have a friend who can benefit from faster and lower cost business payments, we would be absolutely delighted to be of service.

Thank you once again for being such a significant part of the Remitr journey!

Remitr is the better alternative to cheques, bank visits and wire transfers (they all suck). The Remitr Global Network allows fast, often 1-day, business payments worldwide. Remitr also offers businesses a free Global Business Account for receiving online sales payouts in USD, GBP and EUR – all without the bank fees or the delays.

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