Thanks for hunting us @snowmaker!
Hello PH community!
We are building the cheapest way to send money between 2 countries by connecting to the top money transfer services. When you transfer we use the cheapest service to send the money.
Every country has a large number of money transfer services. They are not very transparent with their prices which make it difficult to compare. And these services change their prices all the time, so you never know how much you end up paying. We wanted to change this.
We provide a comparison of the fees in most countries. And now we allow you to transfer directly on Moneytis with these services in several countries (mostly from Europe)
We are also quite used to startup accelerators. We are a YC company in the current batch, we participated to the Lisbon Challenge accelerator and the ING innovation Studio in Amsterdam.
Feel free to ask any questions!
This team is incredibly talented. I know they built their whole blog CMS in 3 days. From scratch. Badass.
Btw, why did you choose the name Moneytis?
Congratulations on the launch! π
@maxholzheu Thank you. That's true btw, we like to say 72 hours ;-) . Regarding the name: that's a very good question. We have been working abroad for the last 6 years and we struggled with international money transfers. Indeed it was incredibly complex. So we decided to make money transfers simpler. With Moneytis, our goal is to make our dream come true: when we would be able to say that MONEY Transfer Is Simple :)
As a French immigrant in Canada, this looks pretty amazing. I've played quickly with the tool and will probably use it in the short term.
(Also saw you were looking for a growth hacker and a marketing strategist - don't hesitate to poke me about these opportunities :p)
@shivagg thank you for your message. The comparison is ready on 30'000 country routes in the world but the feature allowing to transfer money is coming soon :-)
This is a step in right direction. I think Remittance industry is ripe for such disruption. I have been using another remittance website called Exchange Rate IQ for sometime & and have seen how different the rates could be at different times. You can check it at https://exchangerateiq.com
@uditjosh Your service is useful. We believe comparison has a lot of future too. & Thank you for advertising on our page, we are happy to help. If you want to look like you're a user, you might need to remove the link from your profile ;)
This looks great, and perfect timing for me! I spent a couple of hours researching providers last week for a transfer I need to do this week, and in 2 minutes with your app I found an even cheaper alternative. I will use it!
Great idea guys, we faced an issue recently regarding transfer of money internationally and the banks pained us to no end. Would love to try out your product after Demo Day.
@pratish_gandhi Thanks Pratish. I faced issues with banks too. We would have fun by just listing what happened to us so far. Let's catch up next week around MT ;-)
Some folks have been asking how we make money. The answer is that we get a small percentage of the amount sent, which is given back to us by the providers when a transfer happens.
It's a kind of reward compensating the marketing effort they would have had to do otherwise. And the good news is that if everyone was using a comparison service, there would be less marketing budget to be spent and therefore providers would be able to offer even better rates.
We recently found out that our bank is charging us hidden fees. It seems that with Moneytis we can save money. I think our developers in Indonesia will like the fact they will receive more salary from now :) :)
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