MANCHESTER, England, Dec. 2, 2024 /PRNewswire/ -- ACE Money Transfer, a global leader in the remittance industry, has been recognized by the State Bank of Pakistan (SBP) with a prestigious award for being Fourth Largest Global Fintech by Remittance Volumes to Pakistan, reaffirming its position as a key driver of Pakistan's remittance sectors. The award was presented at the 4th Pakistan Remittance Summit 2024 held in Rome, Italy, on 28th Nov 2024, attended by leading industry figures and global financial stakeholders.
Being a global fintech, ACE Money Transfer has been at the forefront of promoting legal remittance channels and bolstering the country's economy through formal financial flows. This recognition from the State Bank of Pakistan highlights the company's expanding impact and its dedication to innovating secure, cost-effective, and efficient remittance solutions for millions of overseas Pakistanis.
Pakistan remains the world's fifth-largest recipient of remittances, with funds sent by expatriates playing a critical role in economic stability. Observing a substantial 24% increase, remittances to Pakistan reached $3.052bn in October 2024. ACE Money Transfer's innovative approach, powered by trust and technology, has established it as a vital enabler of these inflows, connecting families and driving progress.
"This prestigious award from the State Bank of Pakistan is a testament to supporting millions of Pakistani and other expats worldwide, helping them securely transfer funds home to ensure a prosperous life for their loved ones," said Rashid Ashraf, CEO of ACE Money Transfer. "We are committed to contributing more to Pakistan's economy and providing innovative solutions to the whole world, bringing Pakistan to the center of the world through advanced technological remittance solutions."
For more information, visit https://acemoneytransfer.com/.
About ACE Money Transfer
ACE Money Transfer is a global fintech leader specializing in cross-border remittance services. With cutting-edge technology and a customer-first ethos, ACE empowers millions of Pakistanis across the globe to send money home securely and efficiently.
Media Contact:
palwasha.yahya@acemoneytransfer.com
+44 161 3936 999
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
ACE Money Transfer: A Global Fintech Leader Recognised by State Bank of Pakistan for Outstanding Remittance Volumes to Pakistan
MANILA, Philippines, Dec. 2, 2024 /PRNewswire/ -- AdvantageClub.ai, a leader in employee engagement solutions, has raised $4 million in its latest funding round, bringing its total funding to $11 million. The round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (ex-CTO of Rippling), Bytez Ventures, and existing investors.
They plan to use the funds to strengthen its presence in the US and Asia, where company has already seen success. The company will also focus on expanding its product suite in employee recognition, rewards, and engagement, with plans to introduce new tools and features to enhance employee experience.
Sourabh Deorah, CEO & Co-founder of AdvantageClub.ai, expressed excitement about the investment from investors, saying, "This funding will help us double down on the US and Asia, expand our product suite, and continue building AI-driven solutions like Adva to engage employees in new ways." COO & Co-founder Smiti Bhatt Deorah added, "Our employee-first approach has made us the top choice for organizations, we win 65-70% of new recognition deals in Asia and have expanded successfully into the US."
Ganapathy Venugopal, founder and CEO of Axilor Ventures, the lead investor in this round, has been a long-time supporter of AdvantageClub.ai said, "Companies are in search of good options to improve employee engagement and strengthen their employer brand. AdvantageClub.ai's personalised, scalable and global platform offers a best-in-class solution to employers who put their employees first. We are excited to continue our partnership with Sourabh and Smiti as they look at their next phase of exciting growth."
About AdvantageClub.ai
AdvantageClub.ai is a global AI powered employee engagement and rewards platform with offerings like rewards & recognition, flexible benefits, surveys, moments that matter, and communities on a single platform. AdvantageClub.ai has over 5 million users, a presence in over 100+ countries, 1000+ clients, and 10,000+ redemption options. Founded in 2016 by UCLA postgraduates Sourabh and Smiti Deorah, AdvantageClub.ai leverages AI, data mining, and analytics to revolutionize employee engagement. Headquartered in San Francisco, AdvantageClub.ai has an impressive client portfolio featuring Concentrix, Franke, Afni, Security Bank, IGT Solutions, Qiagen, BCG, and many more.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
AdvantageClub.ai raises $4 Million from Axilor Ventures to expand in the US and Asia and add New Product Lines
