While migrants face it tough to make international fund transfers sans a bank account, a British-Polish startup SPOKO intends to simplify the same. It offers instant international money transfers targeting migrant workers who look forward to transfer money without a bank account and expensive white label API service. It is possible as this fintech enables quick and cheap money transfers from EU countries and the UK to nearly 16 countries. And, intends to operate in 51 countries and enable transfers to 86 countries.
Forays into the UK
The SPOKO app has driven its international expansion with the UK market by targeting the South Asian migrant workers in the UK and securing partnerships like the recent tie-up with Trust Payments.