by Dina-Perla Portnaar
Transferring money in the migrant community, especially under current conditions, has never been that high on the agenda. Rewire makes it possible. The company was founded in 2015 in Israel by Guy Kashtan, Saar Yahalom, Or Ben-Oz and Adi Ben-Dayan. Rewire is a supplier of an international neobanking platform for migrant workers who transfer most of the earnings to their motherland. Rewire partners with leading banks in the migrants’ countries of origin. Innovative technology enables migrants to deposit money into a digital payment account, which can then be used locally. Also, the technology supports a debit card by Rewire and transfers funds home. The company manages global communities of migrants, with an emphasis on Nigerians, Filipinos and Indians. In addition, Rewire supports Thai, Chinese, Kenyaite, Ghanaian Nepalese and Sri Lankan migrants. Rewire has tens of thousands of returning customers and processes hundreds of millions of dollars a year.