Cross Border Remittances Startups in Africa
Overview Powered by AI
Cross-border remittances are a lifeline for many West Africans, but the industry is ripe for disruption. TerraPay and others are making inroads, but local business leaders are skeptical. They want lower fees, faster transfer times, and more transparency. The incumbents have a strong hold on the market, but the challengers are gaining ground. It's a dynamic space to watch.
Cummulative Funding
$256.9M+
Total # of Companies
4
Total Deal Count
12
Total M&A Count
0
Total # of Investors
19
List of Cross Border Remittances startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
TerraPay simplifies global money movement β by providing a single connection to the most expansive cross-border payments network. | Debt Financing | $ 256,500,000 | 2014 | |
Paycrest builds B2B fintech settlement infrastructure globally. | Pre-seed | $ 404,000 | 2024 | |
Vepay is a Nigerian fintech offering seamless cross-border payments, virtual cards, and global transfers. | Undisclosed | Undisclosed | 2024 | |
Hurupay is a fintech platform offering stablecoin-backed virtual accounts for freelancers, remote workers, and individuals. | Founding Round | Undisclosed | 2020 |
Founded
2014
Overview
TerraPay simplifies global money movement β by providing a single connection to the most expansive cross-border payments network.
Last round
Debt Financing
Total raised
$ 256,500,000
Employee
501-1,000
Founded
2024
Overview
Paycrest builds B2B fintech settlement infrastructure globally.
Last round
Pre-seed
Total raised
$ 404,000
Employee
1-10
Founded
2024
Overview
Vepay is a Nigerian fintech offering seamless cross-border payments, virtual cards, and global transfers.
Last round
Undisclosed
Total raised
$ 0
Employee
11-50
Founded
2020
Overview
Hurupay is a fintech platform offering stablecoin-backed virtual accounts for freelancers, remote workers, and individuals.
Last round
Founding Round
Total raised
$ 0
Employee
1-10