Cross-Border Payments Startups in Africa
Overview Powered by AI
Cross-border payments in Africa are a complex landscape, with a mix of traditional and emerging players. While startups like Leatherback, Zazuu, and Shekel Mobility are gaining traction, established players like Western Union and MoneyGram still dominate. Local business leaders are eager for faster, cheaper, and more transparent cross-border payment options, but concerns remain around regulatory compliance and currency volatility.
Cummulative Funding
$614.5M+
Total # of Companies
18
Total Deal Count
31
Total M&A Count
2
Total # of Investors
94
List of Cross-Border Payments startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
dLocal enables global merchants to accept and send payments across emerging markets via one API. | Post-IPO Secondary | $ 548,300,000 | 2016 | |
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy. | Series A | $ 14,450,000 | 2022 | |
OjirehPrime is a Fintech company committed to providing alternative banking services at the most affordable and convenient way | Venture | $ 14,281,000 | 2018 | |
Leatherback is making cross-border trade easier for individuals and businesses across the globe. | Pre-seed | $ 10,000,000 | 2019 | |
Cedar Money is simplifying Cross-border Transactions for Businesses in Africa. | Seed | $ 9,900,000 | 2022 | |
HoneyCoin is building tools to help people move & spend money anywhere, affordably and at the speed of the internet. | Seed | $ 5,050,000 | 2020 | |
Cauridor integrates and aggregates all mobile money companies and banks in Africa to enable interoperable cross-border payments. | Seed | $ 3,500,000 | 2022 | |
With over $1.3 billion in transaction volume already, Juicyway is connecting Africa to the world and transforming global payments. | Pre-seed | $ 3,000,000 | 2021 | |
Zazuu is the worldβs first non-biased payment platform | Seed | $ 2,000,000 | 2018 | |
Shekel Mobility is a Neo banking and management system for auto dealers | Pre-seed | $ 1,950,000 | 2021 | |
REasy enables fast, secure cross-border payments for African SMEs and global suppliers. | Pre-seed | $ 1,800,000 | 2023 | |
Surge Africa helps African businesses pay their international suppliers within 24 hours instead of a week. | Pre-seed | $ 120,000 | 2023 | |
Tulix App is making it easier for African migrants to pay businesses directly and support their families back home. | Non-equity Assistance | $ 100,000 | 2020 | |
Hizo is a Nigerian financial technology company revolutionizing cross-border transactions. | Seed | $ 100,000 | 2024 | |
MANSA is transforming global payments by enabling you to deliver faster, instantaneous and more efficient cross-border payments | Undisclosed | Undisclosed | 2023 | |
Quiqpay is enabling access to financial services for anyone with a mobile phone. | Undisclosed | Undisclosed | 2021 | |
straitPay aims to simplify financial transactions and increase financial inclusion across Africa. | Pre-seed | Undisclosed | 2022 | |
OneRamp is leading crypto payment gateway enabling seamless stablecoin transactions to mobile money & bank accounts. | Undisclosed | Undisclosed | 2023 |
Founded
2016
Overview
dLocal enables global merchants to accept and send payments across emerging markets via one API.
Last round
Post-IPO Secondary
Total raised
$ 548,300,000
Employee
501-1,000
Founded
2022
Overview
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy.
Last round
Series A
Total raised
$ 14,450,000
Employee
51-200
Founded
2018
Overview
OjirehPrime is a Fintech company committed to providing alternative banking services at the most affordable and convenient way
Last round
Venture
Total raised
$ 14,281,000
Employee
11-50
Founded
2019
Overview
Leatherback is making cross-border trade easier for individuals and businesses across the globe.
Last round
Pre-seed
Total raised
$ 10,000,000
Employee
11-50
Founded
2022
Overview
Cedar Money is simplifying Cross-border Transactions for Businesses in Africa.
Last round
Seed
Total raised
$ 9,900,000
Employee
11-50
Founded
2020
Overview
HoneyCoin is building tools to help people move & spend money anywhere, affordably and at the speed of the internet.
Last round
Seed
Total raised
$ 5,050,000
Employee
11-50
Founded
2022
Overview
Cauridor integrates and aggregates all mobile money companies and banks in Africa to enable interoperable cross-border payments.
Last round
Seed
Total raised
$ 3,500,000
Employee
201-500
Founded
2021
Overview
With over $1.3 billion in transaction volume already, Juicyway is connecting Africa to the world and transforming global payments.
Last round
Pre-seed
Total raised
$ 3,000,000
Employee
11-50
Founded
2018
Overview
Zazuu is the worldβs first non-biased payment platform
Last round
Seed
Total raised
$ 2,000,000
Employee
11-50
Founded
2021
Overview
Shekel Mobility is a Neo banking and management system for auto dealers
Last round
Pre-seed
Total raised
$ 1,950,000
Employee
11-50
Founded
2023
Overview
REasy enables fast, secure cross-border payments for African SMEs and global suppliers.
Last round
Pre-seed
Total raised
$ 1,800,000
Employee
2-10
Founded
2023
Overview
Surge Africa helps African businesses pay their international suppliers within 24 hours instead of a week.
Last round
Pre-seed
Total raised
$ 120,000
Employee
2-10
Founded
2020
Overview
Tulix App is making it easier for African migrants to pay businesses directly and support their families back home.
Last round
Non-equity Assistance
Total raised
$ 100,000
Employee
2-10
Founded
2024
Overview
Hizo is a Nigerian financial technology company revolutionizing cross-border transactions.
Last round
Seed
Total raised
$ 100,000
Employee
11-50
Founded
2023
Overview
MANSA is transforming global payments by enabling you to deliver faster, instantaneous and more efficient cross-border payments
Last round
Undisclosed
Total raised
$ 0
Employee
11-50
Founded
2021
Overview
Quiqpay is enabling access to financial services for anyone with a mobile phone.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2022
Overview
straitPay aims to simplify financial transactions and increase financial inclusion across Africa.
Last round
Pre-seed
Total raised
$ 0
Employee
2-10
Founded
2023
Overview
OneRamp is leading crypto payment gateway enabling seamless stablecoin transactions to mobile money & bank accounts.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10