Vesti hints expansion to Ghana, Zambia and Mexico in Q2 to tackle Immigrants that are US bound
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Migrant s Banking App, Vesti raises $500k in pre-seed funding
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Today,
Vesti Technologies Inc announces the availability of its Vesti app both on IOS and Google play store. The Vesti app is a financial solution that provides peer-to-peer payments and migration-related fees settlement for Africans and gives a support structure for immigrants in accessing investment opportunities. Also, for migrants seeking opportunities to move to Europe and North America for work and study, the Vesti app allows them to receive money, transfer money, and make international payments through the app.
In 2019 alone, more than 12,000 students from Nigeria traveled to the United States for advanced degrees and paid an estimated $4.2Million in Student Exchange fees to the US government. Payments like SEVIS require international students to have a person present in the US to make payment, resulting in difficulties and delays during this process. It is these challenges and experiences by migrants that led to the development of the Vesti app.