Vesti is expanding to tackle legal and financial Barriers for immigrants
Vesti, a top-tier financial services provider for immigrants, has hinted its plans to expand its operations to Ghana, Zambia, and Mexico in the second quarter of 2023. The move is aimed at tackling the numerous challenges faced by millions of immigrants who are seeking to move anywhere on the planet and move their money.
The United States, United Kingdom, Germany, Canada and United Arab Emirates have been top destinations for immigrants seeking better job opportunities and a higher standard of living. However, with the current political climate and increasing restrictions on immigration, most immigrants struggle with cumbersome migration workflows and financial services when they first decide to emigrate and even more when they arrive in a new country. Being able to make payments and other financial services in this transition is one of the largest points of friction for any immigrant. These frictions widen inequalities at a scale that is unimaginable.
Vesti’s expansion to Ghana, Zambia, and Mexico is part of the company’s efforts to provide tailored migration assistance, and financial services, information, community, and ultimately a smooth transition for more than 26.5 million immigrants who move every year. Vesti has a strong track record of helping African tech entrepreneurs and founders leverage the US O-1 Visa pathway for their businesses. The platform currently boasts of 100,000 users mainly from Nigeria. With a deep understanding of the complex requirements and processes involved in obtaining complex skilled visas like the O-1 Visa, EB1 Visa, and H1B among others, Vesti has successfully guided many African tech entrepreneurs and founders through the visa application process. By providing customised support and guidance, Vesti has helped these entrepreneurs and founders to obtain the necessary visas and establish their businesses in the United States. Through its commitment to providing high-quality, personalised services, Vesti has established a reputation as a trusted partner for African tech entrepreneurs and founders looking to expand their businesses to the United States.
According to Vesti’s Co-founder and CEO, Olusola Amusan, “the company’s expansion to these countries will not only provide greater access to financial services for migrants in these countries, who often face barriers to traditional banking systems but also help Vesti grow its customer base and increase revenue, which can in turn drive further innovation and investment in the company.”
Vesti’s expansion to Ghana, Zambia and Mexico is also aligned with the United Nations Sustainable Development Goals, particularly Goal 8 which focuses on promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. By providing employment opportunities to individuals in these countries, Vesti is contributing to the achievement of this goal.
In conclusion, Vesti’s expansion to Ghana, Zambia, and Mexico in the second quarter of 2023 is a strategic move that will help support economic growth and development in these regions, creating opportunities for individuals and businesses alike. Additionally, expanding to new markets can help diversify Vesti’s operations and reduce dependence on any one market or region, helping to ensure the long-term sustainability of the company.
Vesti’s vision is to be the go-to financial services platform for the next 1 billion immigrants. The company is on a mission to be the preferred platform for immigrants before they emigrate, providing information, community and ultimately a smooth transition to immigrants. Through a set of tailored payment products, Vesti delivers hassle-free guidance and financial services to immigrants moving to the United States and other top destinations in North America and Europe. Founded by two brothers who immigrated to the United States, the company is backed by both Africa and US-based investors and boasts of a thriving community of dreamers who represent the next generation of builders.
For more information, visit www.wevesti.com