THELOGICALINDIAN - Amsterdam Netherlands February 17 2024 Moneytiswaslaunched in 2024 by 2 French expatriates fed up with money transfers opacity
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Moneytis: A Comparison Service for Money Transfers, Launched by Expatriates
The 10-member aggregation goes at this bazaar by comparing in real-time the capital offers like Western Union with added actors application P2P technology and with the Blockchain network, alone on the Moneytis platform. “Our users accept assuredly admission to all best solutions and not alone the one announcement the most,” explains Christophe Lassuyt at the Paris Fintech Forum, which took abode the 28th January at Paris Bercy.
In a Context Where FinTech Actors Are Multiplying
“The cardinal of fintech actors is multiplying, it becomes important to analyze them clearly,” explained Etienne Tatur at the Breaking Barriers event organized with Eric Ries (The Lean Startup) on February 10th in Amsterdam. The French abridgement abbot has additionally been trending as of late, by afresh ablution a comparison belvedere for coffer prices.
Moneytis (“Money Transfer Is Simple”) wants to abridge the action of sending money abroad, that’s why the belvedere is chargeless for individuals.
Cooperating With Banks
“We assignment with banks such as ING in Amsterdam at their fintech addition studio,” explains Etienne Tatur. “The ambition is to actualize synergies area barter get annoyed with avant-garde and cellophane offers.”
Towards Success Thanks to a Customer-Oriented Process
This Fintech startup screens aggregation fees on money transfers for added than 10,000 country corridors for added than 5,000 users who adored a absolute of 110,000 euros by application the platform. The startup is aggressive appear bringing allowances to the customers, as the aggregation knows how big-ticket the account is in the accepted market. Money alteration casework allegation fees of 7.52% fees on average, according to the World Bank. The business archetypal is volume-based, as they get money acknowledgment to kick-back fees of beneath than 0.3% from their partner.
In this all-embracing context, the Moneytis aggregation enjoys alteration area every 6 months in adjustment to get a bigger compassionate from their customers. They’ve been to Switzerland, France and Mexico, and they are currently in Amsterdam. More advice about the aggregation adventure can be found here.
