Regalii lets immigrants pay for food and bills for family in Latin America via SMS.
Each year, Latin American families receive $69BN in remittances, of which 64% is spent on groceries and paying bills (World Bank, 2010). However, senders (in U.S) have no way of knowing when and how their hard-earned dollars are spent, and recipients face the danger of receiving cash in dangerous neighborhoods.
Funding Rounds (4) - $65kUpdate
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- 09/09/13 -techcrunch.com
- 08/20/13 -techcrunch.com