Jappoo Diaspora was initiated by Senegalese expatriates living in Canada in order to better optimize socio-economic impact of remittances in Africa, by reducing transfer fees and by investing in a mutual fund. So, a mutual investment fund was created to allow Senegalese from abroad to invest 2% of the amount they transfer per transaction. To implement this,it was necesssary to have agreements of some money transfer companies.
Moreover, to better remain faithful to our objectives, we decided in July 2017 to create money transfer company, Jappoo Money Transfer Inc. in order to allow expatriates, regardless of their origin, to send money to their loved ones and family at a lower cost, online or by agencies. Also the platform makes it possible to collect the mutual Fund members' investment and entrust it to authorized management and intermediation companies.
