SendSprint, a new remittance service founded by former Flutterwave executive Damisi Busari, is making waves in the international money transfer market with a bold offering—a flat $5 fee for all transfers, regardless of the amount. Based in the U.K. with operational reach in the U.S. and Nigeria, SendSprint aims to capture a significant portion of the market, starting with the 300,000 Africans living in the U.K. and expanding into the U.S. and Canada.
The company enters a competitive remittance sector dominated by established players such as Western Union, MoneyGram, and newer fintech companies like Zepz (formerly WorldRemit), Remitly, and Wise. What sets SendSprint apart is its innovative flat-fee structure, which contrasts with the industry norm of variable fees that can increase significantly depending on the transfer method. While other services can charge upwards of $10 to send $200, SendSprint maintains a consistent cost for all transfers.
SendSprint’s initial focus is on three key African countries—Kenya, Nigeria, and South Africa—with plans to broaden its reach across the continent. The startup is partnering with Flutterwave, a leading payments infrastructure provider across Africa, which will help SendSprint navigate the regulatory landscape and quickly scale operations.
“We see the U.K. launch as an important step toward connecting the African Diaspora to their families back home. With our growth targets, we are committed to expanding our product and customer service teams to meet demand,” said Busari.
SendSprint not only offers traditional remittance services but also introduces Sprint Connect, a unique gifting feature. Through partnerships with over 3,000 retailers, including Shoprite, Jumia, and local pharmacies, users can send gifts to their loved ones in recipient countries. This service taps into the high demand for remittances in Africa, where more than 75% of remittances are spent on basic necessities like food, medicine, and school fees, according to the World Bank.“Our service is designed to support the connection people feel with their home countries, helping them send both money and gifts to loved ones.
We’re aiming to capture 10% market share in every market we enter,” Busari added.By leveraging Flutterwave’s infrastructure, SendSprint is well-positioned to disrupt the remittance industry and provide a seamless, low-cost alternative to traditional money transfer services.
