What is Pesa?

Pesa is a leading International Money Transfer Operator

(IMTO) revolutionizing how individuals and businesses send funds worldwide. Founded in 2022 by immigrants, Pesa combines cutting-edge technology with a mission to eliminate barriers in cross-border payments. The platform specializes in low-fee international transfers, offering services like multi-currency wallets, real-time transactions, and competitive exchange rates.

With a presence in 36 European countries, the U.S., Canada, India, and key African markets like Nigeria and Ghana, Pesa has processed over $380 million in transactions since inception. Its global reach caters to immigrants, students, and businesses needing fast, secure, and affordable remittance solutions.

Core services include:

● Bank deposits and mobile wallet transfers (e.g., Paga, M-Pesa).

● Multi-currency wallets supporting CAD, USD, GBP, EUR, and NGN.

● Zero transaction fees on all transfers, ensuring maximum value for users.

Pesa’s vision is simple: make global money transfers as effortless as local transactions.

Who Owns and Operates Pesa?

Pesa was co-founded by Tolu Osho, Yusuf Yakubu, and Adewale Afolabi, three Nigerian-Canadian software engineers who faced firsthand the challenges of sending money abroad. After encountering unfair exchange rates and insecure platforms, they built Pesa to bridge the gap between affordability and reliability.

Key leadership:

● Tolu Osho (CEO): Drives strategic growth and global partnerships.

● Yusuf Yakubu (CTO): Oversees platform security and innovation.

● Adewale Afolabi (COO): Manages operational efficiency and

compliance.

Pesa operates under FinCEN (U.S.) and FINTRAC (Canada) licenses, ensuring adherence to anti-money laundering (AML) regulations. Strategic partnerships with Clear Junction, Paga, and VFD Microfinance Bank enhance its infrastructure for seamless payouts.

How Does Pesa Work?

Sending money with Pesa takes three simple steps:

1. Create an Account: Sign up via the app or website and verify your

identity.

2. Fund Your Wallet: Use Interac, bank transfers, or partner platforms to load funds into your multi-currency wallet.

3. Send Money: Enter recipient details (bank account, mobile wallet, or cash pickup location) and confirm the transfer.

What Are the Fees and Exchange Rates?

Pesa stands out with no hidden fees and transparent pricing:

● Transaction Fees: $0 for all transfers.

● Exchange Rates: Competitive rates aligned with mid-market values. For example, converting CAD to NGN offers rates 10–15% better than traditional banks.

Seasonal promotions and referral discounts further reduce costs.

How Fast Are Transfers with Pesa?

Most transfers complete within minutes, though timing depends on:

● Recipient Country: Nigeria, Ghana, and India often see instant deposits.

● Payment Method: Mobile wallets process faster than bank transfers.

Estimated Speeds:

● Same-Day: 95% of CAD-to-NGN transfers.

● 1–3 Hours: EUR/GBP to Africa/Asia corridors.

For urgent needs, Pesa’s fast-track option guarantees funds arrive within 30 minutes.

Is Pesa Secure and Regulated?

Security is paramount at Pesa:

● Encryption: AES-256 encryption secures all transactions.

● 2FA: Mandatory two-factor authentication for account access.

● Regulatory Compliance: Licensed by FinCEN (U.S.), FINTRAC (Canada), and the FCA (U.K.).

Pesa also employs AI-driven fraud detection and rigorous KYC checks to prevent money laundering.

Which Countries and Payment Methods Are Supported?

Key Corridors:

● Canada/U.S. → Nigeria, Ghana, India

● Europe → West Africa, South Asia

Supported Countries: 40+ including the U.S., Canada, U.K., EU

nations, India, Nigeria, and Cameroon.

Payment Options:

● Debit/credit cards (Visa, Mastercard).

● Bank transfers (SEPA, ACH, Wire).

● Mobile wallets (M-Pesa, Paga).