Helping People $1 At A Time in A $1B Market

Great news for people that live in Zimbabwe and work out of the country.  WLV portfolio company PipIT has partnered with ZymPay to provide effortless and seamless money transfer.

If you know anything about Zimbabwe, you know the government there has totally devalued their local currency.  It’s pointless to use it and even more pointless to expend effort to work to earn it.  That’s fueled a large Zimbabwe diaspora.

The amount of money being sent into Zimbabwe from nationals working outside the country is $1B per year and it’s a giant part of their local economy.  Without it, the country would be in worse shape than it already is.  Three to four million citizens are living outside their home country.

PipIT and ZymPay allow people to make cross border payments and pay for goods and services directly in real time.  Payment is received and confirmed simultaneously and recorded in the UK.  The amount of money and time that PipIT allows citizens to save is a game changer in their lives.

Instead of using traditional means of money transfer where costs are exorbitant and the time to transfer is not instantaneous, anyone can use PipIT and set it up quickly on their mobile phone.  It’s on Android or in Google Play.

The market for this is $640B world wide.