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Nafees Dadi and Kritika Saini, former bankers, were determined to help students and their parents navigate wire transfers more easily. They had witnessed firsthand the difficulties faced by these first-time remitters while working at a bank, such as filling out forms, making mistakes, waiting in long queues, and experiencing time-consuming processes.
Recognizing that India sends the second-highest number of students abroad for education after China, they understood that many other parents and students across India faced the same problems. Therefore, they set out to create a solution that would streamline the entire process, reduce errors, and make it smoother and faster.
After several brainstorming sessions, they developed an entire workflow, from onboarding customers to confirming money transfer transactions. They named their company Remitout, a combination of Remittances outside India, typically called “Outward Remittances” in Bank. They incorporated Remitout on August 24th, 2017, and began processing remittances in November of the same year.
Today, with the help of a strong team, they have successfully helped over 10000+ students easily make their remittances. They offer money transfers in more than 40 currencies and strive to become the preferred remittance partner for more students and their parents in India.
Join Remitout today and experience hassle-free and efficient international money transfers.
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