Alviere, a supplier of embedded finance platforms, is thrilled to announce its collaboration with Onafriq, Africa’s digital funds community.
Onafriq has chosen Alviere to allow funds and remittances from the USA to Africa. With an unlimited community encompassing over 500 million cell wallets, 200 million financial institution accounts, and 400 thousand small-medium companies throughout Africa, Onafriq performs a vital position within the continent’s increasing however fragmented funds ecosystem.
Onafriq prioritizes facilitating cross-border funds to reinforce monetary entry, with remittance flows to sub-Saharan Africa reaching $53 billion in 2022. Along with Alviere, they’re pioneers in reworking conventional monetary providers, aligning with their shared mission to offer vital entry to monetary providers and unlock financial alternatives throughout the continent.
For its complete options, technical experience, and strong strategy to regulation and compliance. Alviere holds a singular place amongst embedded finance suppliers, being a licensed cash transmitter all through the U.S. and its territories, enabling cross-border funds from the USA. Leveraging the Alviere HIVE platform and regulatory framework, Onafriq will course of funds originating from the U.S. and its territories in strict compliance with Anti-Cash Laundering (AML), sanctions, and fraud requirements for U.S. monetary establishments, making certain a seamless, secure, and safe expertise for purchasers.
Onafriq’s CEO, Dare Okoudjou, expresses pleasure in simplifying cross-border funds globally by the partnership with Alviere. Leveraging Alviere’s expertise and regulatory protection, together with Onafriq’s intensive continent-wide presence, the collaboration goals to facilitate quick and safe remittances, selling monetary entry and financial prosperity for Africans.
Pedro Silva, co-founder and CEO of Alviere, provides, “Onafriq is uniquely positioned to steer the worldwide fintech trade, revolutionizing cross-border funds all through the African diaspora.” We’re proud to be partnering with Dare and his staff, our joint focus is to reinforce monetary entry for all individuals no matter borders, historical past, or present means. Collectively, Onafriq and Alviere will allow a wide range of environment friendly, aggressive fee choices for hundreds of thousands of customers.”
