Fintech Purpl to Democratize Remittances, Support Financial Inclusion Efforts in Lebanon

Fintech app Purpl – a digital wallet and an aggregator of remittance and cash out partners connecting Lebanon to the world, "allowing senders to send money to their loved ones back home at lesser cost and instantly – is going live having sealed local and international partnerships and received the required licenses from the Central Bank of Lebanon."

Karl Naïm, co-founder and CEO of Purpl, said: "We are committed to empowering the diaspora connection to their home country by democratizing cross border money transfer flows; as well as enabling financial access to all, by changing the way we receive, transfer and spend money, and as Lebanese we wanted to start our mission out of Lebanon before expanding to the Levant region."