Spoko.app, a fintech operating on the international money transfer market, has obtained financing of EUR 5m from its strategic investor - FinTech Ventures S.A. This will enable Spoko.app to accelerate its geographical expansion in 2021 - 2022 by entering further countries, as well as developing its product.
The Covid-19 pandemic has resulted in the significant acceleration of the development of the instant cash transfers market. Money can currently be transferred through Spoko.app from 32 to 45 countries. Spoko.app users can do this through a convenient mobile app. The advantage of this solution is that money can be sent instantly, in the preferred way, through the provision of access to local payment methods in the given country.
Transfers can be made to many countries, such as Ukraine, Nigeria, Turkey or Brazil without a commission and with very attractive exchange rates. The user can see the full cost of the transaction before it is conducted.
Spoko.app has a huge potential for further growth, while the speed at which it is growing reinforces our conviction that it can become a serious global player very shortly. We believe in the team that forms Spoko.app and we shall support it in implementing this ambitious plan
says Ivan Hanamov, President of FinTech Ventures S.A.
We want to have a presence on every market where foreigners work and from where they want to send money to their home country. We are already operating globally, but with strong support from our main investor we will be able to grow even faster. This means that millions of people around the world who travel and work away from their home country will be able to send money in the best and most convenient way for them. Our ambition is to change the money transfers market and we have an idea about how to do that
says Evgeny Chamtonau, CEO of Spoko.app
Aliaksandr Horlach (left) and Evgeny Chamtonau (right) - Spoko.app's founders
Spoko.app is the global Financial disruptor, which is providing instant money transfers around the world. Spoko.app is changing the market of instant international money transfers. It is one of the fastest growing companies in the financial industry worldwide. Spoko.app wants to help millions of people around the world send money in a simple, convenient and secure manner. Regardless of the country from which users want to send money, with Spoko.app they can always do this in their preferred way – using local payment methods. The Spoko.app operates transparently and its users know immediately what the transaction costs are. The charges and exchange rates offered by Spoko.app are among the lowest on the market. Spoko.app is also a trusted partner of financial institutions and telecommunication companies, and can provide solutions to them which enhance their core offering.
About Fintech Ventures
FinTech Ventures S.A. is a sector-focused investment company backed by entrepreneurs and advisors in the field of banking and investments. Fintech Ventures combine their knowledge within M&A, optimized product development and new affiliation marketing approach to invest in and capitalize on the online banking market.The management team are experts with proven track records, investing own funds and resources. Fintech Ventures is a listed public company on the New Connect Polish Stock Exchange, with fully transparent operations.
Consultant Clear Communication Group