Our mission is to be the catalyst for driving the cost of cross border money transfers to less than 3%; to increase quality of life and reduce poverty in developing economies. Annually, remittances total over $600B. The total amount of remittances exceeds the Gross Domestic Product of all but 20 countries in the world. Unfortunately, the cost of these remittances routinely exceeds 7%, resulting in costs totaling over $42B annually to those who send them and their receiving loved ones. Sendmi has developed proprietary technologies which drive down the costs of sending money cross border while increasing convenience and control. Sendmi invented and evolved the Transfer Savings Plan™, enabling unique benefits for employers like seamless integration and improved employee retention,and employees like significant convenience of use and drastic cost reduction. Sendmi works with financial institutions in multiple countries. Consequently, we are uniquely integrated with international interbank networks to dramatically improve the reliability and speed of transfers.
Sendmi’s services uniquely help participating employees by saving them money. Employees routinely spend over 7% of the funds they send across the border to get money home. We have developed technologies and processes which drive cross-border transfer costs down significantly. We help employees get more of their hard-earned money home safely, reliably, instantly, and at low cost.
Sendmi’s services uniquely help employers by enabling them to provide this cost savings service as a benefit of employment at significantly reduced cost to their employees. Many employers view this as an effective “raise,” and many others view our services as helpful in improving employee retention. Employees participating with Sendmi see the product offering as a benefit of employment.
To participate, invite your employer to enroll, Let’s start with your email address.