LALA World acquires FMML to Enter UK Remittance Market

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LALA World, an Asian Blockchain-based social business, today announced the acquisition of UK based remittance company First Mobile Money Limited. This move is a part of its strategy to create a financial services ecosystem that supports migrant workers, refugees and the unbanked. With this acquisition, LALA World will now be able to provide remittance services to migrants in the UK, as well as partner with other remittance companies in the UAE (United Arab Emirates) and CIS (Commonwealth of Independent States).

This acquisition is part of LALA World’s strategy to drive adoption of its services through global partnerships, leveraging on existing infrastructure, engaging with corporate houses, NGOs, governments, local companies and distributors. This adoption will keep the ecosystem vibrant and viable.

“International remittance is one of the biggest pain-points for the masses. LALA World aims to create a financial ecosystem that would cater to their needs and improve their lives. With the acquisition of First Mobile Money Limited, we are moving closer towards our goal of global financial inclusion and becoming the go-to financial services ecosystem for those who do not have access to banking services,” said Sankalp Shangari, Founder and CEO of LALA.

The Blockchain-based financial ecosystem will be a one-stop solution with a digital wallet that provides a globally verifiable identity, payments, credit, lending and other financial services with a focus on financial access for the masses.

Founded in 2016 & headquartered in Singapore, LALA is an established and fast-growing Asian technology company using Blockchain & AI. LALA includes fiat and other Blockchain protocols like Stellar & Ripple. to create a connected financial ecosystem for the unbanked, migrants, refugees & general masses. Its vision is to reach 100 million people by 2021 and bring financial services to the masses around the world.

About LALA World
LALA World is an established and fast-growing Asian technology company using blockchain to create a connected financial ecosystem for the unbanked, migrants and refugees around the world. Founded in 2016 and headquartered in Singapore, LALA World is a social business with a presence in 5 countries and over 100 global partners including government agencies and NGOs.

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Latika Bhargava
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