TalkRemit

What TalkRemit does

TalkRemit is a UK-headquartered digital remittance provider founded in 2016, operating as TalkRemit Ltd (FCA-authorised Electronic Money Institution, registration 900825) for non-EEA customers and TalkRemit AB (Finansinspektionen-authorised EMI, institution 59248) in Gothenburg for EEA customers. The company operates a mobile-first cross-border money transfer platform available on iOS and Android, supplemented by a web interface, an in-app eWallet for storing card details and executing instant transfers, an integrated instant chat and video messaging feature, and a Quick Quote calculator that displays fees and exchange rates in real time. Distribution is hybrid: a self-serve digital product for individual senders combined with a physical agent network of independent agents operating Clover POS terminals across 21+ European countries and Canada, plus a cash-pickup partnership with Dahabshiil that provides payout infrastructure across African receiving markets including Somalia, Ethiopia, Kenya, Nigeria, Ghana, Cameroon, and Benin.

The platform supports 62 pay-in currencies across 17 sender countries and reaches 101 receiving countries per agent-facing documentation (40+ destinations highlighted to consumers), with payout options spanning bank deposit, cash pickup, and mobile wallet top-ups through integrations with MTN MoMo and Moov Money. Revenue is generated primarily through foreign exchange margins on customer transfers, supplemented by explicit transaction fees that vary by payment and payout method, and by up to 6% commissions paid to agents who facilitate in-person transfers. The customer base is composed of individual migrant and diaspora senders targeting family and friends across Africa and South/Southeast Asia, with secondary segments of money transfer agents and unbanked or underprivileged populations. Marketing emphasises no hidden fees, FCA regulation, and a 100% money-back guarantee, with distribution channels spanning social media, content marketing, app store optimisation, SEO across 60+ country landing pages, and diaspora community sponsorships.

Name

TalkRemit

Legal name

TalkRemit Ltd

Website

https://talkremit.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

TalkRemit is a UK FCA-authorised digital remittance platform serving migrant and diaspora communities across 17 sender countries and 100+ receiving markets, offering mobile-first money transfers, eWallet, cash pickup via Dahabshiil, and a 21-country agent network.

Ownership category

akta.pro rank

Product category

Cross-Border Remittance / International Money Transfer

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ)

Keywords

• International money transfers
• Cross-border remittance
• Digital wallet services
• Cash pickup services
• Mobile payment platform

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Foreign Exchange Margins: TalkRemit earns revenue primarily through the difference between the exchange rate applied to customer transfers and the rate at which the company buys currency. This is disclosed as 'our small margin that we use to guarantee you the rate for a specified time.' The company states fees are always lower than the global average of 7-10%.
2. Transfer Fees: Explicit transaction fees charged based on the chosen Payment Method and Payout Method. A breakdown of all fees is displayed before transaction submission. Zero-fee promotions are offered for specific corridors (e.g., Nigeria).
3. Agent Commissions: TalkRemit pays agents up to 6% commission on transactions they facilitate. Agents collect principal amounts and applicable fees from customers and remit to TalkRemit.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

TalkRemit is a regulated digital international money transfer platform that enables migrant and diaspora communities to send money abroad via a mobile app (iOS/Android) and web interface. Customers can fund transfers from cards or bank accounts and deliver funds to recipients through bank deposits, cash pickup at partner locations (notably Dahabshiil), or mobile wallet top-ups (MTN MoMo, Moov Money). The service is offered alongside an eWallet, a Quick Quote fee/exchange-rate calculator, and integrated in-app instant chat and video messaging.

Product overview

TalkRemit is a digital international money transfer platform providing cross-border remittance services through a unified mobile app (iOS/Android) and web platform. The core offering consists of the TalkRemit Mobile App and Web Platform, supplemented by an eWallet for storing funds and enabling instant transfers. Key features include Quick Quote for fee comparison, Instant Chat & Video Messaging for in-app communication, and multiple payout methods (Cash Pickup, Mobile Wallet Transfers via MTN MoMo/Moov Money, and Bank Transfer). The company also operates an Agent Program with dedicated web interface for agents, supported by separate Consumer and Agent Support Portals. TalkRemit serves 17 sender countries with transfers to 101 receiving countries, offering 62 pay-in currencies.

Differentiator

Problem solved

Functional benefit

Products and services

• TalkRemit Mobile App International money transfer mobile application available on iOS and Android, enabling users to send money abroad, manage an eWallet, view exchange rates and fees via Quick Quote, and communicate with recipients via integrated instant chat and video messaging. Targeted at migrant and diaspora consumers.
• TalkRemit Web Platform Online money transfer platform accessible via web browser, providing the same core functionality as the mobile app: registration, transfer initiation, recipient management, eWallet management, and transaction history. Targeted at senders who prefer desktop access.
• TalkRemit eWallet

Quantifiable outcome

• Fees lower than global average of 7-10%
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

One partnership is on record.

• DahabshiilcoreChannel Partner/ Reseller/ DistributorDahabshiil is a long-standing remittance partner providing cash pickup locations in receiving countries, particularly in the Horn of Africa and parts of Africa. Dahabshiil has over 40 years of experience providing trusted global remittance services. TalkRemit users can send money to cash pickup branches operated by Dahabshiil, with recipients able to collect funds through various methods including mobile wallets (MTN MoMo, Moov Money) and cash collection.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sendwave: Mobile-first remittance app focused on African corridors with cash pickup and mobile money payouts. Closely comparable on target customer (African diaspora) and on payout-rail mix including MTN MoMo and similar mobile wallets.
• Wise (formerly TransferWise): Cross-border money movement platform offering mid-market FX and multi-currency account/wallet functionality. Competes with TalkRemit's eWallet and FX-based remittance offering, particularly for banked senders in Europe and North America.
• Dahabshiil: Established remittance operator with 40+ year history in the Horn of Africa; TalkRemit's core cash-pickup partner and listed co-brand (DBA). Competes in the same corridors via its own consumer transfer product and represents both a partner and a competitor risk for TalkRemit.
• Remitly: Digital-first remittance platform targeting diaspora senders with mobile app, multi-payout rails (bank, cash pickup, mobile wallet), and a corridor network that overlaps significantly with TalkRemit's Africa and Asia focus. Closest comparable on product, business model, and target customer.
• WorldRemit: Mobile and web-based cross-border money transfer service offering bank deposit, cash pickup, and mobile money payouts across a global corridor network directly competing with TalkRemit on African and Asian diaspora routes.
• Small World Money Transfer: UK-based digital and agent-based remittance provider targeting diaspora communities with comparable cash-pickup and bank-deposit rails. Operates in overlapping European sender markets and similar receive corridors.

Broad incumbents

• Xoom (a PayPal service): PayPal-owned digital remittance service offering bank deposit, cash pickup, and mobile wallet payouts. Directly comparable to TalkRemit on product, with the additional advantage of PayPal's funding network and brand.
• Western Union: Largest global money transfer operator with the deepest cash-pickup agent network worldwide. Competes with TalkRemit on the same diaspora corridors and sets the benchmark on global brand trust in remittance.
• MoneyGram: Global incumbent money transfer operator with extensive cash-pickup agent network and digital channel. Competes with TalkRemit across many of the same corridors but operates at vastly larger scale with a much broader product portfolio.

Emerging players

• LemFi: Earlier-stage digital remittance app focused on African and other emerging-market corridors with mobile money and bank payouts. Comparable on product surface and target customer, though at smaller scale and lower corridor breadth than TalkRemit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/talkremit
• Facebookfacebook.com/talkremit
• LinkedInlinkedin.com/company/talkremit
• Instagraminstagram.com/talkremit

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TalkRemit