Remittance service, Ozaremit raises funds to accelerate growth

Ozaremit, an international value remittance service, has announced it has secured an undisclosed amount of funds from French investors Thibault Launay, Romain Girbal and Célia Grémy.

The company will use the funds to ramp up marketing across multiple channels and launch its agents network in a bid to make the service widely available to offline customers.

“We are pleased to get leading international entrepreneurs and investors on board to accelerate our growth. We will rapidly scale Ozaremit’s customer base and expand our activities beyond top-up. We are set to be the next fintech success story,” said Ibrahima Soumano, Ozaremit co-founder and CEO.

Ozaremit is also in discussion with top tech investors.

Founded by two African tech entrepreneurs, Ibrahima Soumano and Takwana Tyaranini, Ozaremit is a competitive, safe and fast online service to send airtime to family and friends living abroad.

Launched just three months ago, Ozaremit has grown rapidly.

It currently covers 110 countries, including 35 countries in Africa. It is directly connected to over 400 mobile operators worldwide with a reach of 4.5 billion prepaid users.

In the coming weeks, the company will unveil a new user interface offering cross border remittances for mobile airtime, bill payment and mobile money transfer.

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