RemitFast

🌍 Bangladesh

Investment Ask

৳20,000,000

BDT

The Problem

Bangladesh receives $21B in annual remittances, but traditional channels charge 5-8% fees and take 2-5 days. This costs the diaspora over $1B annually in unnecessary fees.

Our Solution

RemitFast uses blockchain rails to enable near-instant remittances at under 1% fee. Recipients receive funds directly to mobile wallets within minutes.

Target Market

10 million Bangladeshi diaspora sending money home. Primary corridors: UAE, Saudi Arabia, UK, USA, Malaysia.

Traction

৳15 crore processed in last 6 months. 8,500 active users. Average transfer time: 4 minutes.

Use of Funds

Regulatory licenses in 5 countries (45%), Technology infrastructure (35%), Marketing (20%)

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Key Metrics

Monthly volume: ৳2.5 crore
Active users: 8,500
Avg transfer time: 4 min
Fee: 0.8%

Opportunity Details

Sector FinTech

Stage Series A

Country Bangladesh

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