Vesti, the leading migration fintech in Africa, will provide a digital banking solution that eliminates location as a barrier for North America bound founders and businesses.
Today at Lagos Startup Week 2023, the Community Manager of Vesti, Laura Alagbada announced the launch of Vesti’s digital banking solution for US and Europe bound startups – Element by Vesti. This new solution means that businesses can expand their reach to new markets without having to worry about location-based barriers. Element by Vesti is specifically designed for business founders, entrepreneurs, high-net-worth individuals, and global leaders with registered businesses in the United States (and soon Europe), setting it apart from Vesti’s flagship offerings, the Vesti GlobalGeng Cards (Physical and Virtual Dollar Cards), available to all Vesti account holders. As part of Vesti’s mission of being the preferred provider of legal and financial services for immigrants from when people decide to emigrate, till when they arrive in a new country, and every minute after; the Community Manager announced the following features of the new product:
- A standout feature of Element is its remarkable “send money” functionality, enabling users to effortlessly transfer funds to US bank accounts or other US dollar-denominated accounts. This feature also facilitates Element-to-Element transfers, allowing users to send money to other Element app users using their unique usernames.
- Additionally, the “add money” feature empowers users to easily deposit funds into their Element accounts using debit cards from their home countries. Users with existing US bank cards or accounts can effortlessly link them to their Element accounts. Vesti users who share the same email address for both their Vesti and Element accounts can seamlessly transfer funds from their Vesti USD wallet to their Element accounts.
- Moreover, Element offers the convenience of virtual cards for smooth online transactions and physical cards for in-person purchases, generating payment invoices and creating payment links.
In his words Olusola Amusan, Co-founder and CEO of Vesti, “Element is like Brex for made for African founders that are US Bound,” “Through extensive research and development, we have created a product that will truly transform the lifestyle of business owners, who are North America bound. Element brings together cutting-edge technology and user-centric design to empower our target audience with unmatched banking capabilities tailored for innovative companies.”
The Element by Vesti app is now available for download starting today on the App Store. For more details on each feature of Element by Vesti, please visit our website at wevesti.com .
ABOUT VESTI
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. Through a set of tailored payment products, Vesti delivers hassle-free migration guidance and financial services to immigrants moving to the United States and other top destinations in North America and Europe. 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.
For more information, visit our website here.
MEDIA CONTACT:
Name: Ifeoluwa Ariyo-Agbaje
Designation: Partnerships and Communications Lead
Email: ife@wevesti.com
Phone: 08134025438
