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Troperial Technologies | Olu Akinbayo, Co-Founder
Manage episode 295068857 series 2936021
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The Troperial Story: Over the past years, we have witnessed a large disruption in mobile international money transfers. Transacting business got easier, although at a high cost to individuals. This is where Troperial says 'I'm here to help'. Troperial was created to reduce high transaction costs and to provide a personal trading experience. Troperial offers an ever-evolving payment experience designed to foster quicker and fairer ways to exchange currencies. And the best part is, it's all at your prefered rate.
Olu was an international student abroad when he sold his car in Nigeria. But accessing the money from the sale proved to be a major pain. First, there was a daily limit for his ATM transactions; second, a high transaction fee for each one. To access the money, Olu had to go to the ATM about 10 times and pay transaction fees each time. Out of his experience, he found a way to exchange currencies at a lower rate by eliminating the middleman. Instead, Troperial facilitates trading directly with other people looking to exchange the same currency, and negotiating your own rate. You choose what currency you'd like to exchange. Troperial matches you with a trusted trader. You negotiate the exchange rate and trade.
This show was created by Sila, Inc. Sila is a fintech software platform that provides payment infrastructure as a service, a business-critical element for companies whose software has to integrate with the US banking system and blockchain quickly, securely, and in full compliance with US regulations. To learn more visit www.silamoney.com #PoweredbySila
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This podcast is produced by Rainbow Creative & Wild Boer Media with Matthew Jones as Senior Producer and Katie Boer as Producer, Editor, and Host. Find out more about how to create a podcast for you or your business at rainbowcreative.co
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