Remmittance LLC
Remmittance LLC is a Wyoming-registered fintech platform that enables the African diaspora to send airtime top-ups and pay utility bills, taxes, and TV subscriptions to recipients in Africa through a no-registration web checkout with PayPal and card payments.
- Company typePrivate
- Founded2004
- HeadquartersSheridan, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Remmittance LLC does
Remmittance LLC is a Wyoming-registered limited liability company headquartered in Sheridan, Wyoming, that operates a self-serve web-based fintech platform enabling members of the African diaspora to send airtime top-ups, pay utility bills, remit government taxes, and renew TV subscriptions to recipients in Africa. The platform is accessed via remmittance.com with no account registration required, accepts payment through PayPal and major card networks (Visa, Mastercard, American Express, Discover), and processes transactions through direct integrations with Rwanda Revenue Authority (RRA) for tax payments, Energy Utility Corporation Limited (EUCL) for electricity, and mobile network operators including MTN, Airtel, and Tigo for airtime. The company claims 3-second average delivery, 99.9% transaction success, and a 4.9/5 customer rating, with stated reach across 150+ countries and 50,000+ families served to date.
Remmittance LLC firmographics
Firmographics- Name
- Remmittance LLC
- Legal name
- Remmittance LLC
- Website
- https://remmittance.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Remmittance LLC is a Wyoming-registered fintech platform that enables the African diaspora to send airtime top-ups and pay utility bills, taxes, and TV subscriptions to recipients in Africa through a no-registration web checkout with PayPal and card payments.
- Ownership category
- akta.pro rank
Remmittance LLC industry classification
Industry- Product category
- Cross-border bill payment and remittance services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)
- akta.pro primary industry
- International Bill Pay & Cross-Border Airtime/Top-Up (FSAGAKAM)
- akta.pro secondary industries
- Consumer Remittances (P2P) (FSAMAIAA), Prepaid Reload Networks & Distribution (Retail Top-Up) (FSAMANAO)
Keywords
Where Remmittance LLC is headquartered
LocationHeadquarters
- HQ city
- Sheridan
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Remmittance LLC business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Marketing or Sales, Personnel
Revenue model
- Transaction Fees: Remmittance charges transaction fees on each service provided. Airtime transactions have a base fee starting at $1 plus 2.5% of the transaction amount. Bill payments start at $2.99 per transaction. TV subscription payments include a $1.99 processing fee. Tax payments are processed at government rates.
- Airtime Top-up: Revenue generated from mobile airtime recharge services with per-transaction fees starting at $1 plus 2.5% fee, serving recipients in 150+ countries
- Bill Payment Services: Fees charged for utility bill payments including electricity, water, and internet services at $2.99 per transaction
- TV Subscription Payments: Processing fees for TV subscription payments to providers like Startimes, DStv and local providers, charged at provider rates plus $1.99
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Airtime top-up service with instant delivery |
| Transaction based/ take rate | Pay-as-you-go | Utility bill payment service |
| Transaction based/ take rate | Pay-as-you-go | Government tax payment service |
| Transaction based/ take rate | Pay-as-you-go | TV subscription payment service |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Remmittance LLC product offering
Product offeringCore offering
Remmittance LLC operates an online, self-serve payment platform that enables the African diaspora to pay for essential household services abroad without creating an account. The platform processes prepaid mobile airtime top-ups, utility and other bill payments, government tax payments, and TV subscription renewals, with payments accepted via PayPal.
Product overview
Remmittance LLC offers a unified financial services platform enabling the African diaspora to support their families back home. The platform provides four core services: Airtime Recharge (instant mobile top-ups), Bill Payments (electricity, water, utilities), Tax Payments (Rwandan RRA payments), and TV Subscriptions (Startimes, DStv). All services are delivered through a single web-based platform featuring 3-second delivery times, bank-level 256-bit SSL encryption security, and support for 150+ countries. Users can access services without registration, paying via PayPal or major credit cards.
Differentiator
Problem solved
Functional benefit
Products and services
- Airtime Recharge Online prepaid mobile airtime top-up service for mobile users in supported African countries, allowing diaspora customers to recharge family members' phones without registration.
- Bill Payments Online utility and household bill payment service that lets diaspora users pay recurring bills (including electricity bills through partners such as EUCL in Rwanda) on behalf of recipients in supported African countries.
- Tax Payments Online government tax payment service that enables diaspora customers to settle tax obligations for recipients in supported jurisdictions through integration with national revenue authorities such as the Rwanda Revenue Authority (RRA).
- TV Subscriptions Online pay-TV subscription renewal service that allows diaspora users to renew or purchase TV subscriptions for households in supported African countries without creating an account.
Quantifiable outcome
- 3-second average delivery time
- +4 more outcomes
Companies that use Remmittance LLC
Customer profileSegments2 records
Ideal customer profiles1 record
Remmittance LLC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature4 records
Remmittance LLC partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- EUCL (Energy Utility Corporation Limited)coreOfficial partnership with Rwanda's electricity utility for direct bill payment processing. Allows Rwandan diaspora to pay EUCL electricity bills instantly from abroad. Includes digital receipt tracking and compliance verification.
- RRA (Rwanda Revenue Authority)coreGovernment partnership enabling Rwandan citizens abroad to pay taxes securely through the Remmittance platform. Includes official government partnership for simplified tax payments with receipt tracking and compliance verification.
- MTN, Airtel, Tigo (Telecom Networks)coreIntegration with all major African mobile networks including MTN, Airtel, and Tigo enables instant airtime delivery to any phone number in supported countries. Supports 150+ countries and all major networks.
- PayPalcorePayPal integration for secure payment processing. Enables customers to pay safely using PayPal with bank-level security and encryption.
Scale indicators7 records
Recent moves5 records
Expansion highlights4 records
Remmittance LLC competitors and assessment
Company assessmentDirect peers
- Ding: Ding is the leading international airtime top-up platform, sending mobile credit to 150+ countries. It directly competes with Remmittance on cross-border airtime distribution and is the closest direct comparable.
- Sendwave: Sendwave (owned by Zepz) is a mobile-first remittance app focused on African corridors with no-fee transfers. It targets the same African diaspora sender base as Remmittance.
- WorldRemit: WorldRemit is a global digital remittance platform serving 130+ countries with strong Africa corridor coverage. It competes directly with Remmittance for diaspora senders paying for family support services.
- Mukuru: Mukuru is a leading Africa-focused remittance and payments platform with strong presence in Southern and East Africa including Rwanda. It is a direct competitor in the same corridors Remmittance serves.
- Remitly: Remitly is a Nasdaq-listed remittance fintech focused on cross-border transfers to emerging markets, with deep Africa coverage. It is a direct competitor for the same diaspora-to-Africa use case.
Broad incumbents
- Onafriq (formerly MFS Africa): Onafriq is the largest pan-African digital payments hub, connecting 500+ mobile money wallets and bank endpoints across Africa. It operates as a B2B/B2B2C payments rail that competes at the infrastructure layer with Remmittance's telco integrations.
- Payoneer: Payoneer is a global cross-border payments platform serving freelancers, SMBs, and emerging-market recipients. While broader in scope, it overlaps with Remmittance on cross-border money movement and payout rails.
- M-Pesa (Vodacom / Safaricom): M-Pesa is Africa's largest mobile money platform. It competes with Remmittance on the in-country receipt side of remittances and increasingly offers its own international top-up and remittance products that could disintermediate the company.
Emerging players
- Chipper Cash: Chipper Cash is an Africa-focused cross-border payments app serving consumers and businesses across the continent. It overlaps with Remmittance on Africa-bound transfers but is broader in scope.
- ReloTritem: Recharge-focused fintech platforms serving the African diaspora with mobile top-up, bill pay, and gifting services. Comparable emerging player in the niche cross-border airtime/bill-pay segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Remmittance LLC social profiles
Digital presenceRemmittance LLC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Remmittance LLC leadership team
Management profileNumber of profiles
Remmittance LLC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Remmittance LLC 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 Remmittance LLC
What does Remmittance LLC do?
Remmittance LLC operates an online, self-serve payment platform that enables the African diaspora to pay for essential household services abroad without creating an account. The platform processes prepaid mobile airtime top-ups, utility and other bill payments, government tax payments, and TV subscription renewals, with payments accepted via PayPal.
Is Remmittance LLC a public or private company?
Remmittance LLC is a private company. It is classified as unknown and is currently operating.
When was Remmittance LLC founded?
Remmittance LLC was founded in 2004. It employs 1 to 10 people.
Where is Remmittance LLC based?
Remmittance LLC is headquartered in Sheridan, United States, in the North America region.
How does Remmittance LLC make money?
Four revenue lines are on record. Transaction Fees are the primary driver. The others are airtime Top-up, bill Payment Services and TV Subscription Payments.
Who are Remmittance LLC's main competitors?
Direct peers on record are Ding, Sendwave, WorldRemit, Mukuru and Remitly. Broad incumbents are Onafriq (formerly MFS Africa), Payoneer and M-Pesa (Vodacom / Safaricom). Emerging players are Chipper Cash and ReloTritem.
Does Remmittance LLC have an API?
No public API is recorded for Remmittance LLC.
What industry is Remmittance LLC in?
Remmittance LLC's product category is Cross-border bill payment and remittance services. Its primary akta.pro industry code is FSAGAKAM, International Bill Pay & Cross-Border Airtime/Top-Up, with a secondary code of FSAMAIAA, Consumer Remittances (P2P). Its NAICS code is 522320 and its SIC code is 7370.