What it sells
Instant, low-fee remittances
Business model breakdown
Buyer: who owns the budget?
UnverifiedIndividual diaspora senders and recipients; enterprises via AFX cross-border service.
Workflow: what inputs become what output?
Send money in the app, hold USD/GBP/EUR accounts, receive payments, pay with card, build credit.
Economics: what it saves and how it charges
Transfer fees and FX spread (claims zero to low fees); claims 99% of transfers in under 20 seconds.
Distribution: how it reaches customers
Mobile app download; AFX enterprise offering.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Summer 2020 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.