HomeIndustriesCross Border Payment

Cross Border Payment Startups in Africa

Cross-border payment market in West Africa is heating up, with Thunes and Cleva making waves. Local business leaders are excited about the potential for faster, cheaper, and more convenient payments. However, challenges remain, including regulatory barriers and infrastructure limitations. Key players are collaborating with banks and mobile money providers to overcome these hurdles and drive adoption.

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Market Map

7 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
Shiga Digital
Shiga Digital
Nigeria

Shiga Digital is a B2B fintech startup offering on‑chain banking solutions for African enterprises.

-
Corporate
-
1-10
No Data
Thunes
Thunes
Kenya

Thunes is a B2B company that powers payments for the world’s fastest-growing businesses.

$202M
Series C
-
201-500
No Data
Conduit
Conduit
Kenya

Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale.

$59M
Series A
-
11-50
No Data
Kulipa
Kulipa
Nigeria

Kulipa: Paris‑based fintech, B2B stablecoin infrastructure with Nigerian presence.

$9M
Seed
-
1-10
No Data
Munify
Munify
Egypt

Munify is a cross-border neobank designed to give Egyptians abroad a faster, cheaper way to send money home.

$3M
Seed
-
2-10
No Data
Cleva
Cleva
Nigeria

Cleva is a Nigerian USD banking platform for emerging markets, starting with Africa.

$2M
Pre-seed
-
11-50
No Data

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