DALLAS TEXAS, July, 20, 2024 – Vesti, the leading migration fintech, is set to expand its innovative services to Bangladesh, India, and Pakistan, marking a significant milestone in the company’s mission to support ambitious immigrants worldwide. Following its successful expansion to three additional countries last year, Vesti is now poised for its next phase of growth, aiming to secure a Series A funding round.
“At Vesti, our goal has always been to empower immigrants by providing seamless legal and financial solutions tailored to their unique needs,” said Olusola Amusan, Co-founder and CEO of Vesti. “We are thrilled to announce our planned expansion into Bangladesh, India, and Pakistan. These are dynamic markets with a high demand for our services, and we believe our presence will make a significant positive impact on the lives of immigrants in these regions.”
The decision to expand into these markets is underpinned by in-depth market research that highlights the substantial growth potential for human migration-related services. With a burgeoning middle class and increasing aspirations for global opportunities, Bangladesh, India, and Pakistan present a compelling market opportunity for Vesti. Vesti’s expansion strategy is centered on providing immigrants with a comprehensive suite of financial services, including remittances, foreign exchange, and investment solutions. By offering these services on a single, user-friendly platform, Vesti aims to simplify the financial lives of immigrants and help them achieve their financial goals.
The company’s recent expansion into Ghana, Zambia and the United Kingdom has been instrumental in refining its product offering and strengthening its market position. This success, coupled with a growing customer base and strong financial performance, has positioned Vesti as a leading player in the migration fintech space. Vesti’s achievement of cash-positive status in H1 2024 is a testament to its operational efficiency and sound business model. This financial stability provides a solid foundation for the company’s aggressive growth plans. With interest from well known growth-stage Investors, the Series A funding round is not for operations, Vesti leadership alludes, instead it will be used to accelerate market expansion, invest in technology development, and expand the frontier market teams to support the company’s ambitious goals.
“Our attainment of Product market fit, revenue drive and strength allows us to focus on growth and innovation,” added Amusan. “We are cash positive and only need this Series A round to accelerate our expansion plans and bring our services to more ambitious immigrants in frontier markets. This funding will enable us to enhance our technology, expand our team, and scale our operations to meet the increasing demand.”
Vesti is committed to leveraging technology to create a seamless and secure user experience. The company’s platform incorporates advanced features such as biometric authentication, fraud prevention, and real-time transaction processing. By investing in cutting-edge technology, Vesti aims to stay ahead of the competition and deliver exceptional value to its customers. As Vesti expands its footprint globally, the company remains steadfast in its mission to empower immigrants. By providing accessible and affordable financial services, Vesti is helping to build stronger, more inclusive communities.
ABOUT VESTI
Founded by two brothers who immigrated to the United States, the company is backed by both Africa and US-based investors and boasts of a thriving community of dreamers who represent the next generation of builders. Vesti’s AI-powered copilot, Miai, is a key component of its comprehensive offering, providing personalized support and guidance to immigrants throughout their migration journey. Through a set of tailored payment products, Vesti delivers hassle-free migration pathways and financial services to immigrants moving to the United States and other top destinations in North America and Europe. Vesti’s vision is to be the go-to legal and financial services platform for the next 1 billion immigrants. The company is on a mission to be the preferred platform for immigrants before they emigrate, providing information, community and ultimately a smooth transition to immigrants.
For more information, visit www.wevesti.com
MEDIA CONTACT:
Name: Ifeoluwa Ariyo-Agbaje
Designation: Partnerships & Communications Lead
Email: ife@wevesti.com
Phone: +2348134025438
