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Remitee raises $20M in a funding round led by Krealo to expand its remittance solutions across Latin America, the U.S., and Europe.

Oct 04, 20252 months ago

Amount Raised

$20 Million

ArgentinaFinancial ServicesFinanceFintech

Investors

Krealo

Description

Remitee has raised $20 million in a new funding round led by Krealo, aimed at reshaping the remittance experience. The funding will help expand its infrastructure, allowing banks and fintechs to offer cross-border payments directly within existing platforms. The company addresses the pain of high fees and long waits faced by migrants sending money home. Founder Sergio Saravia aims to improve this vital service for millions of Latin American migrants.

Company Information

Company

Remitee

Location

Argentina, Valparaiso Region, Chile

About

Remitee is the Operating System for cross-border instant payments, offering a secure, scalable, and compliant infrastructure trusted by category leaders in banking, e-wallets, and payments industries. Our platform focuses on the real needs of migrant families, providing them with choice and control over their finances. By enabling direct payments for essential services in the receiving country, beyond money transfer, we eliminate the uncertainties and exponentially improve the experience of the sending and the receiving users.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech