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
$41.4M+
Total # of Companies
9
Total Deal Count
12
Total M&A Count
1
Total # of Investors
49
List of Cross-Border Payments startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy. | Series A | $ 14,450,000 | 2022 | |
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 | |
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 world’s 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 | |
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 | |
Quiqpay is enabling access to financial services for anyone with a mobile phone. | Undisclosed | Undisclosed | 2021 | |
MANSA is transforming global payments by enabling you to deliver faster, instantaneous and more efficient cross-border payments | Undisclosed | Undisclosed | 2023 |
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
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
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 world’s 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
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
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
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