Moneytis, a French fintech startup based in Amsterdam, aims to help people reduce the cost of international money transfers by providing a platform where users can compare and choose the best and cheapest options to send money abroad.
Moneytis is a digital platform for money transfers that was founded by Christophe Lassuyt and Etienne Tatur in 2014.
They came up with an idea of creating Moneytis during their time in Asia. Being frequent travelers and occasional expats, they got dissatisfied with international money transfer fees. As a result, they decided to create a platform with a mission to inform people about real fees in a transparent manner and help them reduce the cost of sending money abroad by letting them choose between the best alternatives.
According to Christophe Lassuyt, “the Moneytis tool compares the best solutions in real-time and integrates them in the platform, like booking.com does with hotels.”
Since its launch, the platform allowed to make international money transfers using bitcoin. Fast forward later, Moneytis also integrated several traditional money transmitters, solutions from P2P growing actors and blockchain networks.
Moneytis algorithm automatically scans its partners’ exchange rates in real time, compares them and lets users choose the fastest, cheapest and the most secure way to transfer money abroad. In addition, Moneytis alerts users when it’s the best time to send money.
The number of Moneytis users has already exceeded 5000. Most of these users are students, expats, travelers and immigrants who need to transfer money abroad or send money back home. Users are able to save as much money as possible since Moneytis integrates solutions with 1,5% fees, whereas traditional money transmitters charge more than 7%.
Currently, Moneytis allows to send and receive money via local bank transfers or credit and debit cards. Depending on the country, it takes from 12 hours to 5 days to receive the money. The platform aims to add more payment options and integrate more solutions in the nearest future.
Visit Moneytis website to learn more about the platform.
by Natalie Myhalnytska
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