Startup Profile
The problem we're solving
Africa has incredible potential, with $300 billion flowing across its borders each year. However, sending or receiving money across and into these borders comes with some of the highest remittance costs in the world, averaging nearly 8%, while the global average is around 5%. Payments can take days or even weeks to process, which can really mess with cash flow. Even businesses that manage to work with banks often find the process slow, manual, and filled with hidden fees.
Our solution
This isn’t just a business issue; it’s a social one. The cross-border payment system in Africa is broken, and establishing a solid foundation is crucial for driving economic growth on the continent. That’s why we’re creating a digital-first platform that offers multi-currency accounts, virtual cards, and foreign exchange services that are quick, affordable, and specifically designed to meet the needs of every African. This isn’t just a business issue, it’s a social one.
Our differentiator
Many remittance startups concentrate on inbound transfers to Africa, neglecting the difficulties of transferring money within Africa itself. We understand that tackling this issue is much more complex, but we believe the future of commerce on the continent is at risk. The economic potential for the next billion Africans hinges on addressing this challenge. For us, it’s more of a social issue than just a business one. Our goal is to simplify trade for Africans among themselves & the world
Biggest achievement
We've had significant traction in just a month of launch of virtual cards, EUR & USD accounts. 2000 users in total.
