Surfair
RemitRight
Location: 229 N Beachwood Dr, Los Angeles, California, United States United States
Founded in: 2014
Stage: Napkin (idea)
Number of employees: 1-5
Short URL: vator.co/remitright
Awards and mentions
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Finalist for the Mentor Capital Network sustainable business plan competition. We presented at the United Nations Headquarters in NYC in July of this year.
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RemitRight

Count on us for the people who count on you
Startup/business
Los Angeles, California, United States United States
http://www.remitright.com

RemitRight is a comparison platform for international money transfers, the KAYAK for remittances. We compare online money transfer operators, revealing hidden fees and exchange mark-ups for our predominantly immigrant users. We also provide information on other remittance preferences such as send and receive method and transfer time.

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Company description

RemitRight is  a comparison tool for the $550B international money transfer market, We are the KAYAK of remittances. Our mobile and web responsibe platform provides individuals sending remittances with perfect market information associated with sending money. The intuitive website lets users quickly search and compare transfer options based on their individual needs. This includes information on the transfer operator, total costs, exchange rates, user reviews, payment methods, delivery options, transfer times and importantly, best value.

RemitRight helps our users, mostly hard-working immigrants, send more money to loved ones in their home countries. Money transfer operators currently take advantage of remittance senders through hidden fees and exchange rate mark-ups. In the U.S. alone, remittance senders spend an additional $1billion simply due to lack of transparency. We are attacking that $1 billion by helping our users make informed remittance choices. We estimate that the average RemitRight user will save $122/year. This money goes to life's essential needs like food, shelter, school supplies and healthcare. 

We will reach our users through digital marketing, content creation and through our network of partnerships throughout the U.S. Our CEO’s background in immigrant rights and advocacy gives the company credibility as a unbiased third-party source to prevent hard-working immigrants from being taken advantage of by money transfer companies. Organizations want to partner with us and help their members make informed remittance choices. 


https://vimeo.com/129406034

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Team
  • Charles Gillig
    Charles Gillig | Founder
    A Los Angeles native, Charlie has started companies, legal clinics and projects from SoCal to to DC to West Africa. He is Co-Founder and CEO of RemitRight, a comparison platform for remittances.
  • Patrick Aylward
    Patrick Aylward | Founder
    Patrick is co-founder and COO of RemitRight. He is an engineer and has an MBA from the Yale School of Management. Patrick has spent the last decade working in international development building systems to bring transparency to opaque markets.
  • Adam Sumner
    Adam Sumner | Team member
    Technology enthusiast, software developer, cook, world traveler, musician, and Angeleno transplant.
  • David Barlev
    David Barlev | Team member
    David Barlev graduated from UC Davis in 2010, with a BS in Applied Physics and an MS in Electrical Engineering. He has worked as an Electrical Engineer, Software Engineer and Product Manager in several companies spanning multiple industries.
Competitive advantage

Our competitive advantage is our team. Charlie has spent his career developing relationships with local and national immigrant organizations. He will use these relationships to form key strategic partnerships to build trust in RemitRight with the immigrant community. We have the credibility within immigrant circies to gain significant traction through partnership outreach. Patrick has built similar systems in his work with the United Nations. We have the best, most comprehesive remittance comparison site out there and will continue to improve it.

Our team was a member of the Village Capital 2015 US FinTech cohort and will be joining the Halcyon Incubator in the fall.