Cross Border Payment Startups in Africa
Overview Powered by AI
Cross-border payment market in West Africa is heating up, with Thunes and Cleva making waves. Local business leaders are excited about the potential for faster, cheaper, and more convenient payments. However, challenges remain, including regulatory barriers and infrastructure limitations. Key players are collaborating with banks and mobile money providers to overcome these hurdles and drive adoption.
Cummulative Funding
$265.5M+
Total # of Companies
4
Total Deal Count
10
Total M&A Count
0
Total # of Investors
41
List of Cross Border Payment startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Thunes is a B2B company that powers payments for the world’s fastest-growing businesses. | Series C | $ 202,000,000 | 2016 | |
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale. | Series A | $ 59,000,000 | 2024 | |
Munify is a cross-border neobank designed to give Egyptians abroad a faster, cheaper way to send money home. | Seed | $ 3,000,000 | 2025 | |
Cleva is a Nigerian USD banking platform for emerging markets, starting with Africa. | Pre-seed | $ 1,500,000 | 2023 |
Founded
2016
Overview
Thunes is a B2B company that powers payments for the world’s fastest-growing businesses.
Last round
Series C
Total raised
$ 202,000,000
Employee
201-500
Founded
2024
Overview
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale.
Last round
Series A
Total raised
$ 59,000,000
Employee
11-50
Founded
2025
Overview
Munify is a cross-border neobank designed to give Egyptians abroad a faster, cheaper way to send money home.
Last round
Seed
Total raised
$ 3,000,000
Employee
2-10
Founded
2023
Overview
Cleva is a Nigerian USD banking platform for emerging markets, starting with Africa.
Last round
Pre-seed
Total raised
$ 1,500,000
Employee
11-50