When you send cash transfers your data is often lost. This means your credit score is lower even if you have a regular income.
Sendry lets you send cash to family and friends overseas. And at the same time lets both you and your family improve your credit scores. When you use Sendry to send cash, you unlock cheaper loan rates. The more you send the cheaper the loan.
It’s cheaper and faster than traditional transfer services because we’re cutting out the middlemen.
Sending money overseas improves your credit score
- Easy to use Cash and Digital payment options
- Cash transfers at lower cost
- Extensive physical cash-in and cash-out network
- Near real-time cash money transfer
- Fully regulatory compliant
- Ultra secure
- Real-time capture of Cash remittance data
- Multi-agency credit data
- Proprietary Data Platform
- Behavioural Scorecarding
- Risk reduction (GINI) of <2%
Get A Loan
- Data from remittances uniquely utilised in credit scoring algorithms
- Lower cost/Lower risk unsecured loans for regular remittance customers
- RemitLoan is the first product to allow direct loan repayments from remittance
Problems with the current system
These are the problems that thousands of employed migrant workers face everyday. If you don’t have a bank account, life is a little more complex and a lot more expensive.
Problems with sending
- 80% of remittances are still sent or received in cash
- Bank and Fintech companies only deal in sending digital funds, not cash
- Sending cash remains expensive: average 7.45%
- Cash transfers are slow 2-5 days
“Fee-free” offers disguise high FX cost
Problems with lending
- Lenders have no visibility of cash remittance income
- 85% of borrowers have loan applications rejected
- Those relying on remittance income face even higher rejection rates lowering their credit score even further
- Many low-income borrowers have payday lenders as their only option
Sendry believes in REAL financial inclusion
That’s why you don’t need a bank account to use it
HOW IT WORKS
Sendry is changing the way we send money
NO STRESS ⋅⋅⋅⋅⋅⋅⋅⋅⋅⋅
You can send cash, actual cash, cheaply, safely and most importantly, quickly.
Your friends and family can have access to your cash transfer in seconds, ready for them to withdraw from an ATM or partner store.
It’s really quick.
HOW WE COMPARE
Cost of sending €100 and lending €500
Sendry uses data from money transfers to offer the fairest possible loan rates
Traditional cash remittance providers charge a mix of foreign exchange margin and various fees, such as cash-in/out fees, which are often hidden to the customer.
Short-term lenders are regulated and have limits on interest rates, however, there are few regulations regarding “commission” fees.
Sendry charges a transparent, all inclusive 5% flat fee for cash remittances and much lower commission than other providers, which means our loan customers can save hundreds in fees each year.
Sendry makes sending money easy
IT’S SIMPLE ⋅⋅⋅⋅⋅⋅⋅⋅⋅⋅
Sendry lets you make a cash payment via your Sendry app.
Sendry’s mission is real financial inclusion
Our ethos is to help those with little or no access to bank accounts. We believe everyone should have the right to fair financial services, whether you have a bank account or not.
Chris is a senior global technology leader and entrepreneur with over 20 years experience in the technology and financial services industries. He was a partner at KPMG, where he was Global Head of Technology Innovation and is ex-CTO of American Express. Chris has a love of disruptive technologies such as blockchain, tokenization and AI.
Anton Mozgovoy is a fintech specialist and former CTO of Humaniq. He started his career at the Bank of Montreal – working on Apple Pay and Android Projects. In 2015, he founded and successfully sold Finlyt, a company working on algorithmic instalments, and revolving credits. Anton joined Humaniq in 2017, working on blockchain solutions to create a financial marketplace for start-ups and launched the first hybrid blockchain in production.
Patryk Rządziński joined LendSend from MoneyGram where he was responsible for building MoneyGram’s blockchain based PoC’s and partnerships with PayPal, Visa/Mastercard and SWIFT. Patryk has 15 years’ experience in Financial Services. Patryk is a Polish national and is fluent in English, Polish, Bulgarian and Russian. He holds a BSc in Computer Science.
Sarah brings 15 years’ project and product experience from multiple industries, including financial services, telecommunications, gaming and media. She’s held senior programme delivery roles at KPMG, Telstra and the BBC and has worked in Australia, the Middle East and the UK. Sarah is a certified Scrum Master ands holds a BA in Economics and a MSc in Business Information Systems.
Billon Chairman, Banking Entrepreneur
Founder Blockchain News, Tokenomist, Leading ICO advisor
Richard is the founder of industry publication Blockchain News; a partner at ICO services collective CryptoAssets Design Group; and a director of education company Blockchain Partners (Oracle Partner). He sits on the advisory boards of several Blockchain startups (ICOs) and has written more than 1500 articles on Blockchain technology at Blockchain News. He has also published in the Harvard Business Review and Venturebeat.
Social Entrepreneur and Member of UK Parliamentary Blockchain & Cryptocurrency Committee
and a prominent social entrepreneur working closely with the UN, NGOs and impact investors.
Dr. Alan Whitfield
Alan has worked successfully at all levels of management, including main Board, in UK Central Government, large commercial organisations and academia. Over many years and several generations of technology, he has used and developed ICT systems to significantly improve mission critical government and business processes, enabling breakthrough national change initiatives
Rob is Director of one of the largest Innovation Labs in London specialising in blockchain, machine learning and digital technologies. Rob ran the Western Union Blockchain PoC. He is author of the book “Blockchain Maturity” and a regular speaker at global Blockchain conferences.
NED, Professor, Humanitarian
Andrew advises global organisations on stakeholder relations and external risks (including data modelling to prevent the use of remittances in abuse/explotation). He is a humanitarian and lawyer and brings a wealth of experience including sitting on the Boards of US, UK and Australian companies and from his time as Chief of Operations of the UN Emergency Coordination Centre in Pakistan and time served with the International Committee of the Red Cross. He is currently Visiting Professor at Kings College London. He is a recipient of the Australian Defence Medal and has scuba dived the Antarctic.
Entrepreneur, NED, Mentor
Jeff is the founder and CEO of Balanced Boards, Chairman at IT-Ventures and an angel investor. He’s been mentoring tomorrow’s leaders for more than 25 years. His work with HRH Prince of Wales’ Trust and the Mosaic Network earned him a nomination for the Lifetime Achievement Award for The Excellence in Diversity Awards. Jeff’s work focuses on inclusion, equality and diversity. He is a Member of The Chartered Institute of Securities & Investment and is in the process of writing a book that explores the tools needed by business leaders to improve social mobility impact and how to achieve revenue growth through diversity.
Investor, Mentor, Entrepreneur
Aly is the Managing Partner at Blockchain Founders Fund which invests in and venture builds top-tier startups. He is a Limited Partner on Loyal VC and Draper Goren Holm. Aly consults organizations on emerging technologies such as INSEAD and the UN on solutions to help alleviate poverty. He is a Senior Blockchain Fellow at INSEAD and was recognized as a “Blockchain 100” Global Leader by Lattice80. Aly serves as a board member of various advisory boards including the University of Toronto’s Governing Council. He holds a Master of Global Affairs and Master of Business Administration.
“In order to create income you have to encourage people to become entrepreneurs.” Sendry CEO Chris Robinson met with Nobel Peace Prize Winner Dr Muhammad Yunus last week to discuss remittance and loan costs for lower income families. Dr Yunus, an economist,...
Sendry joined a select group of business angels, UHNWI and family offices this week in Monaco, to discuss investment in early stage deep tech and highly disruptive businesses. Hosted by KCG Capital, the focus areas for investment included AI, Augmented Reality,...
SDG 10 (c)
By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent