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Bud Financial (“Bud”), the AI-powered financial data platform for banks, today announced that Jazari, a global Remit (Send) Now, Pay Later platform, has selected its platform to enhance their ability to offer seamless access to credit and a more efficient remittance process.
As a pioneering global Remit Now Pay Later platform, Jazari addresses an ongoing problem for migrant workers. These individuals often have limited incomes or access to credit and frequently need to remit more money to their loved ones due to persistent high inflation and rising living costs in their home countries. Jazari says it enables migrant workers to remit up to 40% more through its specially designed instant credit product, Remit Now Pay Later. It’s backed by a strategic multi-region partnership with Visa, has secured a recurring credit facilitator to power its lending, and gives its customers a single platform to bank, remit and pay later.
The partnership with Bud enables Jazari to further advance its mission of empowering remittance senders and receivers. With the power of the Bud Financial platform integrated into their technology, Jazari aims to make remittances faster, more cost-effective, and easier for migrant communities, ensuring both senders and receivers have the tools to achieve long-term financial stability and growth.
"Central to Bud’s mission is our goal of enabling financial data to support the average consumer – from insights to better understand their finances, to getting access to lines of credit previously not available to them,” said George Dunning, COO of Bud Financial. "The work that Hasnain and the team at Jazari are doing is truly inspiring and meets real-world problems for underserved customers. At Bud, we feel privileged to help bring this to life and be part of its success."
"At Jazari, we’re on a mission to pioneer Remit (Send) Now, Pay Later for migrant workers, empowering individuals with little or no access to credit," said Hasnain Sheikh, Founder and CEO of Jazari. "After an exhaustive search for the right partner, we’re thrilled to work with Bud, whose innovative financial connectivity and exceptional team made them the clear choice. Together, we’re embarking on an exciting journey to transform how migrant workers send and manage money, creating opportunities and breaking down barriers along the way."
About Bud Financial:
Bud Financial (“Bud”) enriches financial data, identifying the likes of merchant, category, location and regularity of transactions, to provide actionable insights and readable inputs for LLMs in the financial services industry.
Scaling rapidly, Bud has been a trailblazer in its use of AI since 2015. The company has enabled banks and fintechs worldwide to get customer context from their transaction data so they can personalize the banking experience, proactively manage risk and optimize their business operations.
With tens of billions of transactions processed, Bud’s market-leading transactional enrichment, categorization and analysis helps financial institutions to become intelligent enterprises, fully harnessing their customer data and finding new, data-driven opportunities to grow.
About Jazari:
Jazari is a global Remit (Send) Now, Pay Later platform designed to empower underserved migrant workers and their families. Tailored for those with little or no credit history, Jazari provides a seamless platform for digital accounts, sending, receiving, and borrowing money on both sides of the remittance corridor. Launching first in the UK and Pakistan, Jazari is set to expand to the UAE and Europe, transforming cross-border financial access for migrant communities worldwide.
Media contact
press@thisisbud.com
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