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
$42.1M+
Total # of Companies
7
Total Deal Count
13
Total M&A Count
0
Total # of Investors
47
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 | |
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment. | Funding Round | $ 850,000 | 2018 |
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
2018
Overview
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment.
Last round
Funding Round
Total raised
$ 850,000
Employee
2-10