(YMO)-YMO, the Guinean fintech with global reach, abolishes all transfer and withdrawal fees to Guinea. A historic first for the remittance sector, reaffirming YMO’s mission to build an inclusive, accessible, and sovereign financial alternative for Guineans at home and abroad.

A milestone powered by bold vision

YMO, the Guinean-born fintech with a growing international footprint, is taking a decisive step forward by announcing the complete removal of money transfer and withdrawal fees to Guinea, regardless of the amount sent. This unprecedented move marks a turning point for the remittance industry in Guinea and reflects YMO’s ambition to empower citizens and the diaspora through accessible and independent financial solutions.

This strategic breakthrough stems from a long-term vision pursued since YMO’s founding in 2019. From the outset, the company has invested in building an independent technological infrastructure while securing regulatory authorizations in Europe and official licenses in Guinea, ensuring full compliance with the highest international standards.

At the same time, YMO has built a robust on-the-ground presence, deploying a network of over 8,000 trusted agents across the entire Guinean territory - reaching even the most remote villages. This network brings financial services closer to beneficiaries, sparing them the burden of long and costly trips. YMO has also streamlined its financial processes by minimizing intermediaries, thereby reducing traditional transfer costs, and has invested in a multilingual, locally embedded customer support system designed to address users’ real needs with precision and empathy.

Before YMO’s arrival, sending money to Guinea typically cost around 9% of the transfer amount (fees charged by foreign operators). YMO’s entry into the market reshaped the sector, exerting downward pressure on prices and compelling traditional players to cut their margins. In just a few years, average fees fell to 5%. Today, by abolishing fees altogether - for both senders and recipients, YMO sets a new standard. Beyond a financial innovation, this milestone represents a statement of economic sovereignty and the diaspora’s collective will to regain control over its financial tools.

For Abdoulaye Barry, Founder of YMO, this step is both an achievement and a new beginning: “For too long, sending money to Guinea came with a heavy cost. With YMO, we’re changing that reality: zero fees to send, zero fees to withdraw. What we’re building is not just a financial service, but a shared legacy — a bridge between the diaspora and their loved ones in Guinea. More than an app, YMO represents a new path toward true financial inclusion.”

Accelerating inclusion and shaping the future

By combining technological expertise, local engagement, and international reach, YMO stands among the leading voices of Africa’s new fintech generation. The company’s decision to completely eliminate transfer fees demonstrates that innovation, inclusion, and economic sustainability can coexist and reinforce one another.

Yet this step goes beyond financial innovation. It is part of a broader movement to strengthen the bonds between the Guinean diaspora and their homeland. Through simple, secure, and accessible digital solutions tailored to real-life needs, YMO is turning technology into a tool of sovereignty - and a bridge that brings families closer together

The removal of fees marks only one stage in YMO’s broader mission. In the coming months, the company plans to roll out new services designed to meet the everyday needs of Guineans and further enhance their financial autonomy.

About YMO

YMO is a Guinean fintech with a mission to transform the daily lives of 1.3 billion Africans by expanding access to financial services through technology. The company currently serves over one million customers across Europe and Guinea.