QuickRemit, a UK-based fintech company, has kicked off a crowdfunding campaign on Crowdcube as it seeks to scale its zero-fee cross-border payment platform. The initiative, which began mid-September 2025, aims to raise £500,000, with room for overfunding up to £1.1 million.
The London-headquartered company specializes in simplifying remittances between the UK and Africa, tackling long-standing challenges of high fees and slow transactions. With its mission to make money movement affordable and transparent, QuickRemit has already processed $30 million in payments and achieved 250% annual revenue growth.
Aiming to Redefine Remittances
Founded by Wellington Agharese and co-founder Paul Ofulue, QuickRemit blends deep expertise in African finance and UK fintech. The platform is regulated in the UK, ensuring compliance and security while offering zero-fee money transfers—an advantage over traditional providers charging $5–10 per transaction.
The company’s services extend beyond consumer remittances. It provides bulk trade invoice settlements for businesses and API integrations for fintech partners. Its mobile app, available on iOS, allows individuals and companies to transfer money securely across more than 90 countries and 200,000 payment points.
Crowdfunding for Expansion
QuickRemit’s campaign on Crowdcube is open to retail investors with entry points as low as £10. The funds raised will support infrastructure growth and help the firm capture more of Africa’s $150 billion remittance and trade payments market, projected to top $700 billion in the next decade.
The company positions itself against giants like WorldRemit by offering a zero-fee model that resonates strongly with the UK and the African corridors. Nigeria, which accounts for nearly half of sub-Saharan Africa’s $48 billion annual remittances, remains a core focus.
Growing Visibility and Market Position
Recent features in TechCabal, Business Insider Africa, and Silicon Africa have spotlighted QuickRemit’s role in reshaping the payments landscape. On social media, the company has been gaining traction with reposts from fintech commentators and crowdfunding watchers alike.
Leadership emphasizes that this fundraising effort is not just about capital but about creating a community-driven stake in Africa’s financial future. “Our goal is to enrich lives by connecting people through money transfers that are fast, transparent, and free from hidden charges,” Agharese said.
With over 15,000 users and 100 B2B clients already onboard, QuickRemit hopes its campaign will mirror the success stories of fintech peers like Revolut, where small early investments ballooned into life-changing returns.
As the race to capture Africa’s remittance flows intensifies, QuickRemit’s bold zero-fee promise and fresh approach could position it as a key challenger in one of the world’s most lucrative fintech battlegrounds.
