Afriex YC Application

Summer 2020Active

Afriex went through Y Combinator in the Summer 2020 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2020
Industry: FintechPayments
Team size: 55
Status: Active
Launched: 2020

Founders

Tope AlabiFounder
John ObirijeFounder

What Afriex does

Afriex makes it easy for immigrants to send money home. We offer instant, low-fee remittances to over 25 countries around the world.

Afriex's YC application, reconstructed

Y Combinator application

Afriex, Summer 2020 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Afriex

Describe what your company does in 50 characters or less.

Instant, low-fee remittances

What is your company going to make? Please describe your product and what it does or will do.

We built Afriex to make it easy and fast for immigrants to send money home to over 25 countries. Our product removes common hassles: delays, high fees, and opaque pricing. Users can transfer money instantly at low cost, which matters when supporting family abroad.

Where do you live now, and where would the company be based after YC?

We live in San Francisco and plan to keep the company based here after YC.

Explain your decision regarding location.

San Francisco's tech and startup ecosystem gives us access to talent and funding. It's also where our team is currently located and where our founders, John and Tope, live and work.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Afriex YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Afriex's public data (launch notes, founder backgrounds, product description). It shows how a company like Afriex would present itself to YC, not the text they submitted.