Jazari, a global remit now, pay later platform, has selected Bud Financial, an AI-powered financial data platform for banks, to enhance its ability to offer seamless access to credit and a more efficient remittance process.
Through its remit now, pay later platform, Jazari aims to support migrant workers with limited incomes or access to credit and who regularly need to send remittances to loved ones due to persistent high inflation and rising living costs in their home countries.
Jazari says it enables migrant workers to remit up to 40 per cent more through its specially designed instant credit product. The platform backed by a strategic multi-region partnership with Visa, has secured a recurring credit facilitator to power its lending, and gives its customers a single platform to bank, remit and pay later.
By partnering with Bud Financial, Jazari will be able to advance its mission of empowering remittance senders and receivers. With the power of the Bud Financial platform integrated into their technology, Jazari aims to make remittances faster, more cost-effective, and easier for migrant communities, ensuring both senders and receivers have the tools to achieve long-term financial stability and growth.
“Central to Bud’s mission is our goal of enabling financial data to support the average consumer – from insights to better understand their finances, to getting access to lines of credit previously not available to them,” said George Dunning, COO of Bud Financial. “The work that Hasnain and the team at Jazari are doing is truly inspiring and meets real-world problems for underserved customers. At Bud, we feel privileged to help bring this to life and be part of its success.”
“At Jazari, we’re on a mission to pioneer Remit Now, Pay Later for migrant workers, empowering individuals with little or no access to credit,” said Hasnain Sheikh, founder and CEO of Jazari. “Together, with Bud, we’re embarking on an exciting journey to transform how migrant workers send and manage money, creating opportunities and breaking down barriers along the way.”
