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
$262.4M+
Total # of Companies
5
Total Deal Count
14
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 | $ 256,500,000 | 2014 | |
OneDosh simplifies global payments, empowering freelancers and professionals with instant, borderless transactions. | Pre-seed | $ 3,990,000 | 2025 | |
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 | |
IPT Africa enables secure B2B cross-border payments, payroll, and FX solutions across Africa. | Undisclosed | Undisclosed | 2017 | |
Vepay is a Nigerian fintech offering seamless cross-border payments, virtual cards, and global transfers. | Undisclosed | Undisclosed | 2024 |
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
2025
Overview
OneDosh simplifies global payments, empowering freelancers and professionals with instant, borderless transactions.
Last round
Pre-seed
Total raised
$ 3,990,000
Employee
11-50
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
Founded
2017
Overview
IPT Africa enables secure B2B cross-border payments, payroll, and FX solutions across Africa.
Last round
Undisclosed
Total raised
$ 0
Employee
11-50
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