Purpl launches its mission to democratize remittances and empower financial inclusion in Lebanon

Purpl launches its mission to democratize remittances and empower financial inclusion in Lebanon

- Fintech app Purpl – which is 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 received the required licenses from the Central Bank of Lebanon and sealed local and international partnerships.

Beirut, Lebanon – After over a year in the making, Purpl a MENA Fintech player incorporated in Beirut, Lebanon and in Abu Dhabi, UAE, today announced they are going live, fulfilling the mission they have set upon themselves. “We want to be not just the VOICE, but the DAVID of the 20M plus Lebanese all around the world and in Lebanon that can no longer count on GOLIATH, the institutions that were created to serve them and put their interests first.” says Karl Naïm, co-founder and CEO of Purpl. “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