SPENN Technologies has entered into an agreement with payment company Spoko to offer instant international money transfers to 136 countries via SPENN. According to the agreement between the two parties, SPENN Technology will receive 70% of all revenues generated through this partnership. Spoko is a fast-growing payments company providing instant international money transfers worldwide, targeting the 1.7 billion unbanked consumer market with mobile phones but no bank accounts.

This is, of course, the same market SPENN is targeting with a goal of financial inclusion. Established in 2019, Spoko has more than 850,000 customers, of which 65% are in Nigeria and Ukraine. Being one of the few remaining international money transfer companies in the war-ridden Ukraine, Spoko has decided to offer free money transfer to all Ukrainians.

Spoko is fully owned by the Swedish company Global Direct Partners.