SendFriend

SendFriend

Providing secure and compliant global payments solutions for financial institutions, ensuring safe USD transaction access for underserved regions.

Founded 2017 2-10 employees Grant Total: $4.60M Blockchain, Financial Services +2

SendFriend is a fintech startup that specializes in providing secure and compliant global payments solutions for financial institutions, with a focus on ensuring safe USD transaction access for underserved regions. Founded in 2017, the company offers global payments-as-a-service to banks and financial institutions, leveraging payment processing, compliance automation, and strategic partnerships with banks to provide secure access to USD clearing. SendFriend addresses the challenges faced by regions like LAC, APAC, and MENA in accessing the US financial system. The company aims to combat the decreasing number of active correspondents in the US, which has reduced from 100 to 65 since 2011. SendFriend's unique expertise and technology aim to bring revenue, increase deposits, and enhance risk management for its US bank partners while addressing this critical market need. The startup operates within the industries of Blockchain, Financial Services, Fintech, and Payments. In January 2022, SendFriend received a $2.90M grant investment from the European Union, signaling confidence and support from a notable investor. This injection of funds will likely be instrumental in furthering the company's mission to provide essential financial services to underserved regions while bolstering its technology and operational capabilities.

Funding Stage	Amount	Investors	Lead Investors	Date
Grant	$2.90M	1	European Union	01 Jan 2022
Pre Seed Round	$1.70M	9	Techstars, MIT delta v +7	22 Dec 2018

Funding Stage

Amount

Investors

Lead Investors

Date

Grant

$2.90M

European Union

01 Jan 2022

Pre Seed Round

$1.70M

Techstars, MIT delta v +7

22 Dec 2018

FAQ About SendFriend

Providing secure and compliant global payments solutions for financial institutions, ensuring safe USD transaction access for underserved regions.

SendFriend was founded in 2017.

SendFriend operates in Blockchain, Financial Services, Fintech and Payments. Its work centres on Global Payments, USD Transactions, Compliance Solutions and Financial Institutions.

SendFriend has approximately 2-10 employees.

SendFriend has completed 2 funding rounds, raising a total of $4.60M. The latest funding stage is Grant.

Top alternatives and competitors to SendFriend include Paystar Inc, GoCardless, Cleva (YC W24), PayAngel, VTNGLOBAL, INC.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

SendFriend and Paystar Inc are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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