About Us

Two ex-bankers Nafees Dadi and Kritika Saini decided they wanted to do something more to help students and their parents for wire transfers. While working at the bank they realised students and their parents often visited banks to transfer money but found filling up forms and other details difficult. They often ended up with mistakes and having to redo their forms, wait in long queues to get their transfers processed. The process followed was time-consuming. 

The founders realized India sends the second-highest number of students abroad for education after China. That meant other parents and students faced the same issue across India. The need for a solution, which would ease out the entire process for these first-time remitters and reduce errors making the process smoother and faster was vital. 

Several brainstorming sessions later both put together an entire workflow flow from onboarding a customer to a confirmed money transfer transaction. Remitout, a name which is a mix of Remittances outside India typically called “Outward Remittances” in Bank. Incorporated on 24th August 2017, & they started processing remittances in November the same year. 

Today, with the help of a strong team we have helped over 3000 students make their remittances easily. We offer money transfers in more than 15 currencies. We look forward to becoming the preferred remittance partner in India for more students and their parents.