Remit Choice
- Company typePrivate
- Founded2019
- HeadquartersSheffield, United Kingdom
- Headcount251–500
- GTM typeB2C
- OfferingServices
Remit Choice firmographics
Firmographics- Name
- Remit Choice
- Legal name
- Remit Choice Limited
- Website
- https://remitchoice.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Remit Choice industry classification
Industry- Product category
- International Money Transfer / Digital Remittances
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Consumer Remittances (P2P) (FSAMAIAA)
- akta.pro secondary industries
- Consumer P2P International Remittances (FSAGAKAA), P2P Transfers & Remittances Platforms (BPAMAFAE)
Keywords
Where Remit Choice is headquartered
LocationHeadquarters
- HQ city
- Sheffield
- HQ country
- United Kingdom
- HQ region
- Europe
Offices6 records
Markets served
Remit Choice business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Foreign Exchange Margin: Remit Choice earns revenue on the spread between the interbank exchange rate and the retail exchange rate offered to customers. Transfers are marketed as fee-free for amounts above specified thresholds (e.g., 50 EUR in most corridors), with revenue generated from the foreign exchange margin embedded in the exchange rate.
- Transaction Fees on Smaller Transfers: For transfers below the fee-free threshold, explicit transaction fees may apply. The company markets 'zero fees' on qualifying transfers, implying that fees for smaller transfers contribute to revenue.
- Affiliate and Referral Program Revenue Share: Remit Choice operates an affiliate program, generating revenue through partnership arrangements where affiliates earn commissions for referring customers. This also drives customer acquisition volume across corridors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Fee-free transfers over 50 EUR on most African corridors |
| Transaction based/ take rate | Pay-as-you-go | Fee-free transfers over 100 EUR for select corridors |
| Transaction based/ take rate | Pay-as-you-go | Zero fees on all transfer amounts for select corridors |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels13 records
Remit Choice product offering
Product offeringCore offering
Remit Choice is a regulated digital international money transfer service that enables individual customers (primarily diaspora workers) to send funds from 38+ sending countries to 70+ receiving countries across Africa, Asia, and Europe. Funds can be delivered to recipients via bank deposit, mobile wallet (including MTN, M-Pesa, Airtel Money, bKash, GCash, JazzCash, Orange Money, Wave), or cash pickup at partner agent locations. The service operates through a mobile app (iOS, Android, Huawei) and web platform with transparent exchange rates, fee-free transfers on qualifying corridor thresholds, and 24/7 customer support.
Product overview
Remit Choice is a digital money transfer service operating as a unified platform across 70+ countries. The core product is the Remit Choice Mobile App and Online Platform, which enables users to send money internationally via three delivery channels: bank transfers, mobile wallet deposits, and cash pickups. The platform is complemented by a Refer a Friend Program and Affiliate Programs for customer acquisition, while an Offers and Campaigns system provides promotional incentives including the Cashback Craze campaign. The product serves the diaspora remittance market, with customer support available 24/7 via in-app chat, email, and phone.
Differentiator
Problem solved
Functional benefit
Products and services
- Remit Choice Mobile App Smartphone application enabling individuals to send money internationally to 70+ countries. Supports funding via debit cards, credit cards, Apple Pay, and Google Pay, with delivery to recipient bank accounts, mobile wallets (MTN, Airtel Money, M-Pesa, bKash, GCash, JazzCash, Orange Money, Wave, eSewa, Nagad, PayMaya, Coins.ph), or cash pickup locations (Muthoot Finance, La Poste, Wari Cash). Available on iOS (Apple App Store ID id1502684794), Android (com.remitchoiceltd), and Huawei AppGallery (C106369447).
- Remit Choice Online Platform Web-based money transfer service allowing users to sign up, log in, and send money internationally. Hosted at online.remitchoice.org with the same transfer features, funding methods (debit/credit cards, Apple Pay, Google Pay), and delivery methods (bank deposit, mobile wallet, cash pickup) as the mobile app.
Quantifiable outcome
- Reward pool of up to 30 million cedis distributed through the Ghana Millions Cedi Christmas campaign (November 24 – December 25, 2025)
- +2 more outcomes
Companies that use Remit Choice
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Remit Choice technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
Feature5 records
Remit Choice partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and major.
- MTN Mobile MoneycoreMTN Mobile Money is a major mobile money operator across Africa (including Cameroon, Congo, Ghana, Kenya, Niger, Nigeria, Rwanda, Uganda, Zambia). Remit Choice integrates with MTN Mobile Money to enable recipients to receive international remittances directly into their MTN Mobile Money wallets, providing a fast and convenient cashless payout option in markets where mobile money adoption is high.
- Airtel MoneycoreAirtel Money operates across more than 15 African countries including Benin, Cameroon, Ghana, Guinea, Kenya, Malawi, Niger, Nigeria, Rwanda, Tanzania, Uganda, and Zambia. Remit Choice integrates with Airtel Money to enable recipients to receive money directly into their Airtel Money wallets, providing instant and secure mobile money payouts.
- Safaricom / M-PesacoreSafaricom's M-Pesa is a dominant mobile money service in Kenya and Tanzania. Remit Choice integrates with Safaricom/M-Pesa to enable recipients to receive international remittances directly to their M-Pesa wallets, providing fast and reliable mobile money payouts in one of Africa's most developed mobile money markets.
- bKashcorebKash is Bangladesh's largest mobile financial services provider with over 100 million customers. Remit Choice integrates with bKash to enable recipients in Bangladesh to receive international remittances directly into their bKash wallets, providing a fast and accessible mobile money payout option in a high-volume remittance receiving market.
- GCashcoreGCash is one of the Philippines' leading mobile money platforms. Remit Choice integrates with GCash to enable Filipino recipients to receive international remittances directly to their GCash wallets, providing an instant and convenient mobile money payout in the world's third-largest remittance receiving country.
- JazzCashcoreJazzCash is a leading mobile wallet service in Pakistan operated by Jazz (Pakistan Mobile Communications Ltd). Remit Choice integrates with JazzCash to enable Pakistani recipients to receive international remittances directly to their JazzCash wallets, providing fast and secure mobile money payouts.
- Orange MoneymajorOrange Money operates across multiple African countries including Senegal, Guinea, Mali, Niger, Burkina Faso, and Ivory Coast. Remit Choice integrates with Orange Money to enable recipients to receive international remittances directly to their Orange Money wallets, providing widespread mobile money coverage across Francophone West Africa.
- WavemajorWave is a major mobile money provider in Senegal and The Gambia, known for low-cost mobile money services. Remit Choice integrates with Wave to enable recipients to receive international remittances directly to their Wave wallets, providing an affordable and accessible mobile money payout in West African corridors.
- La Poste (West Africa)majorLa Poste operates postal banking and remittance services across multiple West African countries including Senegal, Mali, Burkina Faso, and Togo. Remit Choice partners with La Poste entities (La Poste du Senegal, La Poste Burkina Faso, La Poste du Benin, La Poste du Togo) to enable recipients to receive international remittances via postal cash pickup locations, providing broad geographic coverage especially in rural areas.
- Wari CashmajorWari Cash is a cash pickup network operating across multiple African countries including Senegal, Niger, Guinea-Bissau, and Togo. Remit Choice partners with Wari Cash to enable recipients to collect international remittances as cash from Wari Cash agent locations, providing an important cash pickup option for recipients without bank accounts or mobile wallets.
- eSewamajoreSewa is Nepal's leading mobile wallet with millions of users. Remit Choice integrates with eSewa to enable Nepali recipients to receive international remittances directly to their eSewa wallets, providing a fast and convenient digital payout option in Nepal's remittance-dependent economy.
- NagadmajorNagad is one of Bangladesh's fastest-growing mobile financial services platforms. Remit Choice integrates with Nagad to enable recipients in Bangladesh to receive international remittances directly to their Nagad wallets, providing an additional mobile money payout option alongside bKash.
- Muthoot FinancemajorMuthoot Finance is India's largest gold loan company with over 5,000 branches across the country. Remit Choice partners with Muthoot Finance to enable Indian recipients to collect international remittances as cash from Muthoot Finance branch locations, providing a widespread cash pickup network particularly valuable for recipients in semi-urban and rural India.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Remit Choice competitors and assessment
Company assessmentDirect peers
- Sendwave: Mobile-first remittance app specializing in Africa-to-Africa and diaspora-to-Africa corridors with mobile money payout focus. Comparable to Remit Choice on African corridor emphasis and mobile wallet integrations (MTN, M-Pesa, Airtel).
- Remitly: US-headquartered digital remittance platform serving diaspora corridors from North America and Europe to Africa, Asia, and Latin America. Closely comparable in product (web/mobile self-serve, bank/wallet/cash payout), customer (diaspora senders), and corridor mix (especially African and South Asian).
- Azimo: European-headquartered digital remittance provider with strong UK and EU regulatory footprint and bank/wallet payout options across emerging markets. Comparable on European send base, digital-first product, and African/Asian corridor mix.
- TransferGo: London-headquartered digital remittance provider operating across European send markets to emerging-market corridors. Closely comparable in UK regulatory base, European send geography, and digital-first platform model.
- WorldRemit: UK-based digital remittance competitor with similar mobile-first model, multi-country licensing, and mobile wallet payout focus across Africa and Asia. Directly overlapping in corridors, delivery methods, and diaspora customer segments.
Emerging players
- Nium: Cross-border payments infrastructure platform serving fintechs and enterprises with remittance, payouts, and card issuance rails. Comparable as a regulated cross-border payments player, though primarily B2B/infrastructure rather than consumer remittance.
- LemFi: Canada-headquartered digital remittance startup focused on diaspora corridors from North America and Europe to Africa and South Asia. Comparable niche on emerging-market diaspora corridors and mobile-first platform, though smaller in geographic reach.
Broad incumbents
- Wise (formerly TransferWise): Public, large-scale cross-border payments and multi-currency account platform. Comparable on multi-currency FX, multi-jurisdiction licensing, and digital-first diaspora/small-business customer base, though operates as a broader incumbent across many use cases beyond P2P remittance.
- MoneyGram: Large global money transfer incumbent with extensive agent network and digital channels. Comparable on international remittance product and global payout reach, though primarily an offline-led incumbent now expanding digital.
- Western Union: Global incumbent money transfer operator with the largest cash pickup network worldwide. Directly comparable on cross-border remittance and multi-method payout (bank, wallet, cash), but operates at vastly larger scale and with a heavier agent-based legacy model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Remit Choice social profiles
Digital presenceRemit Choice compliance and trust
Trust signalCompliance8 records
Remit Choice financial estimates
Financial estimateRevenue estimate
Valuation estimate
Remit Choice leadership team
Management profileNumber of profiles
Remit Choice subsidiaries and ownership
Company hierarchySubsidiaries4 records
Remit Choice funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Remit Choice M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Remit Choice
What does Remit Choice do?
Remit Choice is a regulated digital international money transfer service that enables individual customers (primarily diaspora workers) to send funds from 38+ sending countries to 70+ receiving countries across Africa, Asia, and Europe. Funds can be delivered to recipients via bank deposit, mobile wallet (including MTN, M-Pesa, Airtel Money, bKash, GCash, JazzCash, Orange Money, Wave), or cash pickup at partner agent locations. The service operates through a mobile app (iOS, Android, Huawei) and web platform with transparent exchange rates, fee-free transfers on qualifying corridor thresholds, and 24/7 customer support.
Is Remit Choice a public or private company?
Remit Choice is a private company. It is classified as unknown and is currently operating.
When was Remit Choice founded?
Remit Choice was founded in 2019. It employs 251 to 500 people.
Where is Remit Choice based?
Remit Choice is headquartered in Sheffield, United Kingdom, in the Europe region.
How does Remit Choice make money?
Three revenue lines are on record. Foreign Exchange Margin is the primary driver. The others are transaction Fees on Smaller Transfers and affiliate and Referral Program Revenue Share.
Who are Remit Choice's main competitors?
Direct peers on record are Sendwave, Remitly, Azimo, TransferGo and WorldRemit. Emerging players are Nium and LemFi. Broad incumbents are Wise (formerly TransferWise), MoneyGram and Western Union.
Does Remit Choice have an API?
No public API is recorded for Remit Choice.
What industry is Remit Choice in?
Remit Choice's product category is International Money Transfer / Digital Remittances. Its primary akta.pro industry code is FSAMAIAA, Consumer Remittances (P2P), with a secondary code of FSAGAKAA, Consumer P2P International Remittances. Its NAICS code is 52232.