Beacon Remit, part of the Beacon Super App, offers a revolutionary remittance solution for Canadian immigrants needing to transfer money out of India. As the first app to provide end-to-end remittance services, it simplifies the process for newcomers, ensuring compliance with Reserve Bank of India regulations.
Beacon Remit is about 50% cheaper than traditional bank transfers, significantly reducing wait times and fees. Co-founded by Stuart Szabo and Aditya Mhatre in 2023, the Toronto-based fintech startup aims to ease the financial transition for immigrants, offering additional resources to help them settle in Canada.
Want to know more? Check out the source code on Fintech.ca.