In the highly competitive world of fintech, entrepreneur Jon Santillan's company is making his mark by providing cheaper, faster and safer solutions to its customers
In the What Matters To Me series, a Generation T honouree describes what they do, why they do it, and why it matters.
Jon Edward Santillan is making it easier for overseas Filipino workers to send money home. His company, Denarii, uses blockchain technology to provide a peer-to-peer, no-fee service that has become a remittance lifeline between these workers and their families. The company's AP solution Denarii Pay also helps businesses simplify the way they pay their vendors and contractors locally and internationally.
Here, he shares more about what sets Denarii apart from its peers and how he personally deals with stress.
See also: How This Entrepreneur’s New Agri-Fintech Startup Is Helping Underserved Farmers To Stay Competitive
Denarii is different from other platforms because we make use of the latest technology to provide cheaper, faster and safer solutions. Before Denarii, consumers and businesses spent a lot of time and paid a huge amount of transaction fees when sending money internationally. [Our solutions] are built based on the feedback of our customers; we build what people want.
When we started Denarii, we saw that in order to build the best international money transfer services, you'd need to link to several fintech stacks across the product's lifecycle. This is why we decided to make our infrastructure via an API (application programming interface) to be available publicly. This way, if anyone wants to offer a similar service to ours, they can do it quickly. We do the heavy lifting from the technology side of the business for them.
