Remittell

Cross-Border Remittanceremittell.co.uk

Remittell is a UK-based digital remittance platform that enables diaspora individuals in the UK and EEA to send low-cost money transfers to recipients in 10+ countries, primarily across East Africa, via bank deposit, cash pickup, mobile money, and instant mobile top-up.

Company typePrivate
Founded2020
HeadquartersEngland, Germany
Headcount1–10
GTM typeB2C
OfferingServices

What Remittell does

Remittell is a UK-headquartered digital remittance platform founded in 2020 that enables individuals in the United Kingdom and the European Economic Area to send money internationally to recipients in 10+ countries, with a primary focus on East African corridors (Ethiopia, Somalia, Kenya, Uganda, Eritrea, Djibouti) and selected markets including Canada and Senegal. The platform exposes four payout rails: bank deposit (e.g., direct to Abay Bank S.C accounts in Ethiopia), cash pickup at collection locations, mobile money wallets (M-Pesa in Kenya, eDahab in Somalia), and instant mobile top-up/airtime across 15+ countries spanning 6 continents. Distribution is direct-to-consumer via the remittell.com website and native iOS and Android applications, with self-serve onboarding and SMS/email transaction notifications.

The business model is a zero-explicit-fee consumer remittance proposition: transfers to Ethiopia and Somalia are free, and transactions above £80 to all other corridors carry 0% fees, with revenue generated entirely through the spread on currency conversion between sender and recipient currencies (e.g., 1 EUR = 196.2201 ETB at the time of disclosure). The customer base consists exclusively of individual diaspora senders routing personal remittances for family support, education, and daily expenses, with no enterprise or B2B segment disclosed. For UK payment services the company is registered in England and Wales (Remittell Money Ltd, company no. 11100093) and is a PSD agent of the FCA (number 842687); EEA payment services are provided through a white-label arrangement with Belmoney S.A., a payment institution licensed by the National Bank of Belgium (registration no. 0540.745.997) with PSD2 passport rights across the EEA. The company also displays PCI DSS compliance and partners with Visa and MasterCard SecureCode for payment processing.

Remittell firmographics

Firmographics

Name: Remittell
Legal name: Remittell Money Ltd
Website: https://remittell.co.uk
Company type: Private
Founded year: 2020
Operating status: Operating
Headcount range: 1–10 employees
Short description: Remittell is a UK-based digital remittance platform that enables diaspora individuals in the UK and EEA to send low-cost money transfers to recipients in 10+ countries, primarily across East Africa, via bank deposit, cash pickup, mobile money, and instant mobile top-up.
Ownership category
akta.pro rank

Remittell industry classification

Industry

Product category: Cross-Border Remittance
SIC: Finance Services (6199)
akta.pro primary industry: Consumer P2P International Remittances (FSAGAKAA)
akta.pro secondary industries: Consumer Remittances (P2P) (FSAMAIAA), P2P Transfers & Remittances Platforms (BPAMAFAE), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

Cross-border remittance
Online money transfer
Mobile money transfer
Diaspora remittance services
Digital remittance platform

Where Remittell is headquartered

Location

Headquarters

HQ city: England
HQ country: Germany
HQ region: Europe

Offices1 record

Markets served

Remittell business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

Money Transfer Fees: Remittell charges zero fees for Ethiopia and Somalia corridors and 0% fees for transactions above £80 to all other countries. Revenue is generated through the exchange rate spread on currency conversions between sender and recipient currencies.

Pricing tiers

Model	Billing	Price
Transaction based/ take rate	Pay-as-you-go	Zero-fee transfers to Ethiopia and Somalia

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Remittell product offering

Product offering

Core offering

Remittell provides online international money transfer services from the UK and EEA to recipients in Africa and other countries through a digital platform. The service supports multiple payout methods including bank deposits, cash pickups, mobile money wallet transfers (such as M-Pesa and eDahab), and mobile top-ups, covering 10+ recipient countries for standard transfers and 15+ for mobile top-up.

Product overview

Remittell is a single unified online money transfer platform with multiple transfer methods. The core service enables international money transfers from the UK and EEA to 10+ countries, with instant mobile top-up to 15+ countries. The platform offers four distinct delivery methods: Bank Deposit (direct to recipient accounts), Cash Pickup (cash collection at locations), Mobile Money (instant wallet transfers via M-Pesa and eDahab), and Mobile Top Up (airtime recharge). A companion mobile app is available for both iOS and Android devices.

Differentiator

Problem solved

Functional benefit

Products and services

Online International Money Transfer Service Core digital remittance service enabling individuals in the UK and EEA to send money online to recipients in 10+ countries across Africa and other emerging markets, with payout via bank deposit, cash pickup, mobile money wallet, or mobile top-up. Targeted at diaspora senders and their family/recipient beneficiaries, with zero-fee corridors to Ethiopia and Somalia and free transfers on amounts above £80.
Remittell Mobile App

Quantifiable outcome

Instant mobile top-up to 15+ countries
+1 more outcomes

Companies that use Remittell

Customer profile

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Remittell technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

Remittell partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

Belmoney S.A.coreOEM/ Whitelabel/ Licensing PartnerBelmoney S.A. is a payment institution licensed and supervised by the National Bank of Belgium (registration no. 0540.745.997) providing white-label payment services for Remittell's EEA customers. Remittell uses Belmoney's infrastructure to operate in all EEA countries under PSD2 passport rights.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Remittell competitors and assessment

Company assessment

Market position

Strengths4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Remittell compliance and trust

Trust signal

Compliance2 records

Remittell financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Remittell leadership team

Management profile

Number of profiles

Profiles1 record

Remittell funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Remittell M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Remittell

What does Remittell do?

Is Remittell a public or private company?

Remittell is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Remittell founded?

Remittell was founded in 2020. It employs 1 to 10 people.

Where is Remittell based?

Remittell is headquartered in England, Germany, in the Europe region.

How does Remittell make money?

One revenue line is on record: money Transfer Fees.

Does Remittell have an API?

No public API is recorded for Remittell.

What industry is Remittell in?

Remittell's product category is Cross-Border Remittance. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of FSAMAIAA, Consumer Remittances (P2P). Its SIC code is 6199.