LJ Partnership, has been appointed as corporate finance adviser to RemitRadar, the first truly global, free and independent online on-mobile resource for the global expat communities and their families.
RemitRadar enables users to find the best prices and most convenient ways to transfer money abroad and provides a market place for other added value products and services that are relevant to the community.
By making cash transfers more accessible, affordable and transparent, RemitRadar is supporting G20 goals to reduce poverty, improve the lives of expat workers, and increase sustainable economic development in developing markets.
With ever greater workers mobility, the volume of remittances to home countries continues to grow at an exponential rate. In 2016, remittances will exceed $500 billion, three times the level of existing governmental aid to developing countries. Remitters are estimated to incur fees of $46 billion to send money home, diminishing the impact that repatriated funds can have in the fight against poverty, in improving standards of living, in contributing to GDP and in facilitating financial inclusion.
RemitRadar aims to become the single and most trusted tool for remittance consumers.
LJ Partnership will be working with Remit Radar to review its strategic options, including introductions to potential partners and private investors.
For more information, please contact Clair Earl at LJ Partnership firstname.lastname@example.org.