Sendsprint Acquires Nobel Financial to Expand US Remittance Services

13 Aug, 2024

Sendsprint Acquires Nobel Financial to Expand US Remittance Services

Sendsprint, an international payment start-up, has acquired US-based remittance fintech Nobel Financial to expand its global reach and enhance services for customers in the US. The acquisition, with undisclosed financial terms, allows Sendsprint to support remittances and gifting from users in 16 US states to recipients in Ghana, Kenya, Liberia, Nigeria, and other African nations.

Damisi Busari, CEO and founder of Sendsprint, highlighted the significant opportunity the US market presents for the company. Headquartered in London and Lagos, Sendsprint is known for facilitating quick fund transfers to Africa, often completing transactions within 30 minutes.

Nobel Financial, established in 2014, provides international money transfer services from the US to over 32 countries across Asia, Africa, Latin America, and the Middle East, and also offers in-kind gifting options to Africa.

Post-acquisition, Nobel Financial’s chief compliance officer, Scott McClain, will join Sendsprint, retaining his role, along with his current team, to strengthen Sendsprint’s compliance program in the US.