How much funding have Foreign Exchange startups in Africa raised?

Foreign Exchange startups in Africa have raised $264.5M in disclosed funding.

Who invests in Foreign Exchange startups in Africa?

Abdul Hassan has backed 1 Foreign Exchange startup, followed by Alan Rutledge (1) and Heirloom Fund (1).

Foreign Exchange Startups in Africa

StartupList Africa tracks 6 Foreign Exchange startups across Africa, which have raised $264.5M in disclosed funding. Nigeria has the most, with 3, followed by Kenya (2) and Mauritius (1).

Updated 7 Oct 2026

Tracked Companies

Avg. Deal Size

$26.4M

Active Startups

Total Funding

$264.5M

Avg. Growth

Foreign Exchange companies

6 companies in this sector

Submit startup

Company	Tagline	Total Funding	Last Round	Team Size	Backers
Vepay Nigeria	Vepay is a Nigerian fintech offering seamless cross-border payments, virtual cards, and global transfers.	-	- -	11-50	No Data
IPT Africa Mauritius	IPT Africa enables secure B2B cross-border payments, payroll, and FX solutions across Africa.	-	- -	11-50	No Data
TerraPay Kenya	TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network.	$257M	Debt Financing -	501-1,000	No Data
OneDosh Nigeria	OneDosh simplifies global payments, empowering freelancers and professionals with instant, borderless transactions.	$4M	Pre-seed -	11-50	No Data
Aboki Africa Nigeria	Aboki Africa is a Nigerian FinTech platform that allows users to change exchange foreign currencies and make cross-border transactions.	$2M	Seed -	11-50	No Data
Sika Financial Group Kenya	Sika provides FX settlement infrastructure for markets where global systems do not operate.	$2M	Seed -	11-50	No Data

Foreign Exchange startups by country

Foreign Exchange startups in Nigeria3

Top Foreign Exchange investors in Africa

Abdul Hassanbacked 1
Alan Rutledgebacked 1
Heirloom Fundbacked 1
Ingressive Capitalbacked 1
International Finance Corporationbacked 1
Karthik Ramakrishnanbacked 1

Foreign Exchange startups: quick facts

How many Foreign Exchange startups are there in Africa?: StartupList Africa tracks 6 Foreign Exchange startups across Africa.
How much funding have Foreign Exchange startups in Africa raised?: Foreign Exchange startups in Africa have raised $264.5M in disclosed funding.
Which African countries have the most Foreign Exchange startups?: Nigeria has the most, with 3, followed by Kenya (2) and Mauritius (1).
Who invests in Foreign Exchange startups in Africa?: Abdul Hassan has backed 1 Foreign Exchange startup, followed by Alan Rutledge (1) and Heirloom Fund (1).