Houston Fintech Startup Launches Money Remittance Service for African Diaspora

By David Lemon.
Updated Aug 4, 2021

HOUSTON (PRWEB) August 04, 2021 - Each year, the diaspora sends upwards of $40 billion back home to Africa. Yet according to the World Bank, the world's poorest continent remains the most expensive, fraud-fraught, complex corridor for digital money transfers. With the launch of a new money remittance app, one fintech founder is determined to remove these critical barriers.

International remittance has always been about people living in diaspora wanting to share their success with people back home, said Uzoma Eze, AiDEMONEY co-founder and chief executive officer. By replacing profit as the point of the spear, were helping Africans fund Africa and, ultimately, rewriting our motherlands story.

AiDEMONEY is the money transfer service for Africans who want to send money, and progress, back home. Fast, secure and impact-driven, the app enables digital transfers from the U.S. to four African countriesCameroon, Ghana, Kenya and Nigeriawith the fifth country, Ethiopia, launching later this month, Eze said. Eze co-founded AiDEMONEY with Felix Akompi, a fellow member of Houstons African diaspora community and the companys chief operations officer.

Available now on the App Store and Google Play, the AiDEMONEY app delivers all the features of world-class money remittance servicesplus a give back model that builds a stronger Africa.

AiDEMONEY donates a portion of customer transaction fees to nonprofits in three thematic areas: education and literacy, women's empowerment and healthcare. Its NGO partners include the Lagos Food Bank Initiative, Shalom Sickle Cell Foundation, Sharing Smiles Initiative and Jenny Uzo Foundation.

Were creating a superhighway for tens of billions in USD to flow from one part of the world to another, Eze said. When you have the right people with the right vision, that capital tills the groundtilling out profit, social advancement and a stronger Africa.

For more information, visit AiDEMONEY.com or contact info@AiDEMONEY.com.

About AiDEMONEY AiDEMONEY is the African diasporas money transfer app. Headquartered in Katy, Texas, the fintech company provides money transfer services from the U.S. to Cameroon, Ethiopia, Ghana, Kenya and Nigeria. Solely Africa-focused, AiDEMONEY is deeply invested in the future of the continent through NGO partnerships and its impact model.

About Uzoma Eze A seasoned attorney specializing in tax law and anti-money laundering (AML), Uzoma Eze has spent the last decade helping the African diaspora navigate the American financial system. While successfully defending diaspora clients in IRS and Department of Justice investigations, he witnessed the shortcomings of current fintech solutions firsthand. Eze founded AiDEMONEY for Africans seeking a fast, secure money remittance app that serves communities on both ends of the pipeline.