Executive Summary

Tyde Send is a fintech company building a fee-free remittance platform connecting African currencies to Europe. The product is designed for Africans at home who need reliable access to EUR for cross-border payments and online spending—an audience underserved by traditional remittance providers. Unlike most remittance apps that focus on diaspora sending money home, Tyde Send focuses on the reverse corridor: Africa to Europe. Users can convert local African currencies to EUR with zero app fees and access virtual accounts and virtual cards funded using local currency. The platform currently supports multiple African and European currencies, including major markets such as Nigeria, Ghana, and Egypt, with plans for expansion. Tyde Send operates with a compliance-first approach and partners with licensed financial institutions to enable regulated payments and scale responsibly. The company is seeking pre-seed venture capital investment to support regulatory partnerships, product development, and early market expansion. Investment will be used to complete virtual card issuance, strengthen compliance operations, and scale supported corridors across Africa and Europe. Tyde Send is currently led by its founder, who is responsible for product development, technical implementation, and early partnerships. The founder has firsthand experience with the challenges Africans face in accessing foreign currencies and building cross-border payment solutions. The company plans to expand the team post-investment, prioritising compliance, payments partnerships, and growth-focused engineering as the platform scales. Tyde Send is an early-stage company and is currently pre-revenue. The product has been built with a lean cost structure, and initial focus has been on product development, regulatory alignment, and partnerships. Revenue generation is expected through FX margins and card interchange as transaction volume grows. The company’s priority post-investment is user acquisition, transaction growth, and validation of unit economics. Tyde Send operates in the Africa–Europe remittance and payments market, with a specific focus on the under-served Africa to Europe corridor. While the traditional remittance market largely targets diaspora sending funds home, there is a growing demand among Africans at home for access to EUR for international payments, subscriptions, education, and commerce. The platform currently supports 18 African currencies and 13 European countries, including large and fast-growing markets such as Nigeria, Ghana, and Egypt. As internet penetration and digital commerce increase across Africa, demand for cross-border currency access is expected to grow significantly, positioning Tyde Send to capture a niche that is currently poorly served by existing providers.