2015  Finalist

Xendit

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USA

XENDIT provides a simple and low cost smartphone-based money transfer solution that is focused on serving overseas foreign workers. These consumers have limited access to traditional banking infrastructure and they are poorly served by current money transfer services. New competitors in this industry are not innovating for these workers, who are becoming increasingly connected to smartphones in the developing world. We know that providing better money solutions for these future customers will lead to higher income levels and better long-term economic outcomes in recipient countries.