Ganaz Launches Remittance Service: Envíos con Ganaz Powered by Remitly; Ranjitha Kurra, Olivia Juarez, Peter Van Oppen, and Chris DeVore Comment
SEATTLE, WA - Creating a safer, fairer, and more profitable workplace while providing necessary financial services to employees in the produce industry is top of mind for Ganaz. The platform recently rolled out Envíos con Ganaz powered by Remitly, integrating a remittance service into its Ganaz MasterCard® Payroll Card and enabling bankless ag workers to move to a fully digital remittance experience.
“We are thrilled to be partnering with Ganaz. Our companies have a shared commitment to delivering trusted services and peace of mind in sending money home to loved ones,” said Ranjitha Kurra, Vice President and Head of Revenue at Remitly.
A press release explained that remittances are critical to low-income families for expenses like food, clothing, medical needs, and paying off debts, and are also used to pay for higher education and acquire property. Ganaz is replacing the out-of-date process and significantly reducing that fee for cardholders of the Ganaz Mastercard Payroll Card.
Ganaz customers have already benefited from deploying the Ganaz MasterCard Payroll Card with remittances.
“Moving away from paper checks ensures the employee receives their money on payday without having to dedicate hours of work to it, and they’re able to send the money home within minutes of the deposit hitting their account, avoiding the long lines in town. Having this payroll card relieves stress from us both,” said Olivia Juarez, HR Manager at NWFM, an apple and cherry grower in Washington.
Early Ganaz and Remitly investors are highlighting the importance of this new partnership.
“Remitly and Ganaz are terrific Trilogy companies bringing innovation to solve human needs,” Peter Van Oppen, a partner at Trilogy Equity group, says. “Best-in-class technology and shared values can combine to lower cost and simplify solutions for workers and growers.”
Mutual investor Chris DeVore with Founder’s Co-op also commented.
“We’re thrilled to see these two mission-driven financial services companies working together to make life better for the workers who put food on our table every day,” he said. “Making financial products cheaper, safer, and more transparent is a shared goal of both Remitly and Ganaz, and this new service is a huge win for growers and workers alike.”
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