Element by Vesti, proudly launched its official digital banking app that allows users from other countries to open a US bank account. Designed for founders and start-ups, the app was originally launched at Lagos Start-Up Week 2023. The launch highlights Element by Vesti’s commitment to empowering immigrants and fostering financial inclusion on a global scale.
The immersive experience featured an engaging keynote address by Vesti’s Co-Founders, CEO Olusola Amusan and COO Abimbola Amusan, unveiling the remarkable features of the Element by Vesti app. It also featured power-packed entrepreneurial and investor panels, dynamic fireside chats along with an interactive Q&A session. The event concluded with a networking reception, connecting global entrepreneurs, industry leaders, and visionaries all under one roof.
In the next 5 years, Element by Vesti aims to have 5 million entrepreneurs and companies utilizing the Element by Vesti app. Element by Vesti is a digital banking solution for US and Europe bound startups. 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 Europe, setting it apart from Vesti’s flagship offerings, the Vesti GlobalGeng Cards (Physical and Virtual Dollar Cards), available to all Vesti account holders.
Features of the Element by Vesti app include:
- A 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.
- 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.
- Convenience of virtual cards for smooth online transactions and physical cards for in-person purchases, generating payment invoices and creating payment links.
“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. Element is like Brex for African founders that are US Bound,” – Olusola Amusan, Co-founder and CEO of Vesti.
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 https://wevesti.com/element .
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.
ABOUT ELEMENT BY VESTI
Element is a digital banking solution that eliminates location as a barrier for businesses. With Element, businesses can open a US bank account with their native KYC, get a credit card, and start transacting from Day 1. This means that businesses can expand their reach to new markets without having to worry about location-based barriers. Element is a fast, easy, and affordable way for businesses to grow their international operations.
For more information, visit our website here.
MEDIA CONTACTS:
US:
Name: Erika Enyolu
Designation: Senior Platform/Marketing Evangelist
Email: erika@wevesti.com
Phone: 469 569 1940
Nigeria:
Name: Ifeoluwa Ariyo-Agbaje
Designation: Partnerships and Communications Lead.
Email: ife@wevesti.com
Phone: +234 813 4025438
