Regalii

Regalii

Helping immigrants pay bills back home safely and cheaply

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Categories
Technology, Financial Services, Community & Lifestyle
No. Investors
34
Website
regalii.com

Key Deal Facts

$652,000 annual recurring revenue in 1st market (DR).
31% month / month growth since pivot to B2B.
930 active point of sale remittance locations.
Regalii is 39% cheaper than other remittance services.
$3 flat rate for any bill.
$34 billion is sent abroad to pay family bills every year.

Management Team / Advisory Board Bios

Edrizio De La Cruz CEOFormerly: JP Morgan, UBS, OPIC, and Swissport; While pursuing his MBA at Wharton, Edrizio won the Social Impact Fellowship., Juan Maldonado COOFormerly an analyst at Lehman Brothers, Juan was assistant director at fin. devlopment non-profit The Financial Clinic. Grad of YC and Startup Chile., Iñigo Rumayor CFOFormer Managing Director of Rumayor Genetics. Inigo was selected as one of the top 50 young entrepreneurs in the world by the Kairos Society., Hesham El-Nahhas Senior Software DeveloperPreviously worked as a web developer at FlipGive and The Working Group., Naysawn Naderi Chief Technical OfficerFormer Program Manager at Microsoft., Manuela Silvestre Editor and Business DeveloperAfter being born in the Dominican Republic and raised in the U.S., she knows firsthand the need for a simple remittance system., Omar Vargas Senior Software EngineerRails Developer at Nearsoft and Crowd Interactive., Ramon De La Cruz Director of Operations-Caribbean
Amount Raised : $146,600
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