The Ugandan Fintech Company Overspend has facilitated millions of dollars in transactions and currency exchanges through a multi-currency digital wallet designed to simplify modern money.
Eversend is an innovative African fintech company that offers a multi-currency digital wallet designed to simplify money transfers, payments, and currency exchange for individuals and businesses, with a focus on money transfers across the continent. Founded in 2017 and inspired by the co-founder’s grandmother and her lack of financial access, Eversend aims to promote financial inclusion through a pan-African payment ecosystem. Eversend has grown rapidly, from processing $800,000 in payments in 2019 to $230 million in 2021.
Headquarters: Paris, France, and Kampala, Uganda
Founders: Stone Atwine and Ronald Kasendwa
Industry: Fintech, Financial Services, Mobile Payments
What They Offer
Money Transfer: Eversend allows users to send and receive money instantly within and across multiple African countries at low fees.
Multi-Currency Wallet and Virtual Debit Cards: Users can hold and manage multiple currencies in their Eversend digital wallet, making it easy to switch between currencies and avoid high exchange fees.
Bill Payments: Eversend enables users to pay utility bills, buy airtime, and complete other transactions directly from the app.
Currency Exchange: The platform offers real-time currency exchange rates, allowing users to convert currencies quickly and at competitive rates.
Eversend has experienced rapid user growth, attracting thousands of users across several African countries, including Uganda, Kenya, Rwanda, and Nigeria. The company has facilitated millions of dollars in transactions and currency exchanges. It successfully raised funds through a crowdfunding campaign on Seedrs, reached sustainability in 2021, and is currently expanding its infrastructure to include a web app and APIs. In 2022, Eversend began working with the world’s largest crypto exchange Binance.
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