Regalii, a global mobile bill pay API for financial institutions and banks, today announced record quarterly growth as end-customers are now paying more than 153,000 bills monthly, representing 14x growth over the same period in 2015.
Regalii, the first global bill payment API that allows companies to pay any bills anywhere in the world, has expanded its footprint to Africa. The company announced on July 22 that its new service will enable Africans to pay bills while in the U.S. with 60 utility companies in Nigeria, along with 18 global remittance companies.
Instead of sending cash and having your grandmother, your aunt on the other side having to go pick up the money and having to go somewhere else to pay her electricity, her gas, her water, we enable immigrants here to control their families’ finances there.
A few years ago, Edrizio De La Cruz had a great idea: a better way for émigrés to send money back home by eliminating the middlemen (the incumbent service providers).
NPR interviews Regalii and how it aims to make it easier for immigrants to pay bills abroad.
In 2003, Regalii - a platform that helps users support their families back home - successfully piloted their program in the Dominican Republic with almost 70,000 users.
Regalii today officially expands their operations to include India and the Philippines, after their successful launch in fall 2014 to Mexico, Guatemala, Honduras and El Salvador, which resulted in a significant growth of new users and sales.
Regalii co-founder Edrizio De La Cruz will be speaking at today's Bloomberg LINK's The Next Big Thing Conference, where he will announce Regalii's expansion to Mexico, Guatemala, Honduras and El Salvador.
An innovative system that helps users pay for their family's bills back home in Mexico and the Domincan Republic, Regalii is a fast and convenient way to ensure that all bills - tuition, utilities, and more are paid with a few clicks of a button.
Video about Regalii
Regalli is “revolutionizing remittances” for families in Latin America. The Y Combinator-backed company enables immigrants to send money directly back to their families via SMS. Read more at http://venturebeat.com/2013/09/11/layer-wins-the-startup-battlefield-at-disrupt/#g2bUupMb7G3KR8xy.99
This year’s TechCrunch Disrupt San Francisco has hit attendance records and been one of the most exciting we’ve ever had. Over the past few days, 3200 people have walked through the concourse to watch Valley titans and newcomers hash it out with the TechCrunch team — including Marc Benioff’s moving story today about Steve Jobs’ role in the founding of Salesforce.
Those who emigrate to countries like the U.S. come for a shot at new lives and new opportunities, but many of them still keep close ties back to their families at home, including sending money to help them financially. However, current methods leave much to be desired. As the sender, you cannot guarantee that the money will always go towards what you intended. And when you are the receiver and live in precarious circumstances (the same ones that may have pushed your family members to move abroad), receiving cash can be a risk. And that’s before even considering the costs involved.
Prior to Regalii, Edrizio graduated from The Wharton School with an MBA where he won the Social Impact Fellowship. It was during his MBA education where he realized the pain global remittances play on him and his family in Latin America. Before Edrizio started at Wharton, he spent nearly four years in Finance – First as Investment Banker, then as a Private Equity Investor.
Inigo met Edrizio at the Wharton School at the University of Pennsylvania, where Inigo completed his Bachelor's Degree. Since starting Regalii, Inigo has been active in the entrepreneur community, and was named one of the top 50 young entrepreneurs in the world by the Kairos Society.
Formerly Juan was an analyst at Lehman Brothers, and was assistant director at financial devlopment non-profit The Financial Clinic. He is a graduate of Y Combinator and Startup Chile.