A comprehensive money remittance platform is available for purchase, including a complete source code package. The platform integrates web and mobile applications through a singular codebase, offering a customer web app and a mobile app compatible with iOS and Android. It supports multiple payment systems, including USD (ACH, FedNow, Wire), EUR (SEPA), GBP (Faster Payments), MXN (SPEI), BRL (Pix), COP (Bre-B), and USDC/EURC to self-custody wallets, anchored by a licensed payment provider.
The platform allows for customizable branding, and there is an option to purchase a licensed Money Services Business (MSB) for fund flow involvement, though operations can begin immediately using partner licenses. User operations involve registering, verifying identity, adding recipients, and sending money at locked rates. The operator manages compliance reviews, branding, and pricing settings, ensuring a straightforward operational flow.
Financially, the platform profits from transfers via operator-set percentage fees, fixed fees, and foreign exchange margins. These pricing strategies are easily adjustable via the admin console. The existing setup operates on a single server with minimal weekly maintenance required, but a live operation demands more active management, including compliance reviews and customer support, estimated at 10-20 hours a week.
Target customers include retail remittance senders, particularly diaspora workers sending funds to family in supported corridors, such as US/EU/UK to Mexico, Brazil, and Colombia. The platform offers services in five languages and includes features appealing to repeat users. Customer acquisition will necessitate targeted marketing efforts. For a buyer with an existing MSB, this platform serves as a replacement for building a new system, catering to their existing clientele.
The platform is pre-operational and pre-revenue. The revenue model relies primarily on the number of transactions, as the marginal cost per transaction is negligible. A licensed MSB option is available for additional purchase. The tech stack comprises Next.js, React, Prisma, next-intl, Expo, and SQLite for data management.