At Tech City News, we’re always keen to shine a light on members of the thriving UK tech startup scene.
This week, we spoke to Paresh Davdra, co-founder of Xendpay, about perseverance, mindfulness and the importance of risk taking in the early stages of building a business.
Tech vertical: Remittance market
Funding: Privately owned
Staff count: Over 80 people
Location: London
Founded: 2012
Q: Where did the idea for Xendpay come from?
Xendpay came from an idea Rajesh (Agrawal, my business partner) and I had resulting from friends’ complaints over the costs of sending money back home to India. We did some research into the fees money transfer companies charge and were astounded by the additional amounts they requested. So we decided to try and solve the money transfer issue for good, creating the world’s first free money transfer service, Xendpay....