Foreign Exchange Startups in Africa
Overview Powered by AI
Forex is thriving despite regulation hurdles. TerraPay and Aboki Africa are innovating, but local leaders are cautious. Underground market remains strong due to currency volatility and limited access to formal channels.
Cummulative Funding
$250.4M+
Total # of Companies
2
Total Deal Count
12
Total M&A Count
0
Total # of Investors
23
List of Foreign Exchange 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 | $ 248,400,000 | 2014 | |
Aboki Africa is a Nigerian FinTech platform that allows users to change exchange foreign currencies and make cross-border transactions. | Seed | $ 2,000,000 | 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
$ 248,400,000
Employee
501-1,000
Founded
2020
Overview
Aboki Africa is a Nigerian FinTech platform that allows users to change exchange foreign currencies and make cross-border transactions.
Last round
Seed
Total raised
$ 2,000,000
Employee
11-50