Press release
RemitBee Launches the Financial Empowerment Fund to Support Fintech Startups
MISSISSAUGA, ON, CANADA, Dec 21, 2021. RemitBee, an online money transfer and currency exchange platform, is pleased to announce the launch of its Financial Empowerment Fund. To start this initiative, the company will invest in businesses and entrepreneurs in the pre-seed to seed rounds.
The Financial Empowerment Fund will support underprivileged entrepreneurs and fintech startups that share the same mission of providing financial empowerment for everyone. Insufficient access to resources, financial exclusivity and lack of cloud-based infrastructure are all major issues that RemitBee hopes to improve with this investment fund.
“RemitBee's mission cannot be achieved alone. This is why we want to invest in likeminded businesses that share the same passion as us. We meet innovative entrepreneurs who can really benefit from more capital and guidance which is exactly what the Financial Empowerment Fund is for” states RemitBee CEO and Co-Founder, Yogi Yoganathan.
RemitBee recently made an inaugural investment in an online lifestyle-based finance platform, Moneta, which makes capital more accessible to individuals in Sri Lanka and the South East Asia region. RemitBee wants more companies like Moneta to benefit from the Financial Empowerment Fund.
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Remitbee Online Money Transfer
3660 Hurontario St Suit 400, Mississauga, ON L5B 3C4
(647) 689-2323 ext.5081
Bhaneeta Chadha
bhaneeta@remitbee.com
About RemitBee
Founded in 2015, RemitBee is an international money transfer and currency exchange service based in Ontario, Canada. The company offers a competitive and reliable way for immigrants in Canada to send money to their family and friends back home. In 2019, RemitBee was recognized by Toronto Finance International as one of the top FinTech companies in Toronto. For more information about the Financial Empowerment Fund, visit our page or contact info@remitbee.com
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