How It Started
The Challenge
Migrants all over the world experience a very common problem when they send money home to be used for specific purposes. In many cases, individual beneficiaries are entrusted to collect and distribute these funds, rendering them prone to misappropriation or misuse.
This effectively limits the impact of remittances on household incomes and communities, especially in Low and Middle Income Countries whose small GDP's rely heavily on inward remittances.
This has also limited the amount of money that the over 36 million Africans in the diaspora are willing to send back home effectively slowing down the development of our continent as diaspora inflows contribute significantly to economic development.
How It's Going
Building In Africa For Africa
We're building Tulix to enable Africa's migrants to allocate funds for specific needs to their beneficiaries. The app allows them to manage and limit where and how these funds are spent, thereby increasing accountability, delivering value and unlocking their maximum potential.
By ensuring remittances are spent on their intended needs, we're positively impacting households, communities and the African continent's GDP.
We are aligned with the United Nation’s global Sustainable Development Goals (SDGs), specifically SDG goals 1, 8, 10 & 17.
Our Vision Of The Future
Impacting The Lives Of Migrants & Their Families
Through the use of innovative financial technology, we envision a future where migrants won't worry about being away from their home countries. Using Tulix will make them feel like they never left.
Our vision is to unlock the potential of remittances across Africa.
