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Foreign Exchange Startups in Africa

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.

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Market Map

5 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
IPT Africa
IPT Africa
Mauritius

IPT Africa enables secure B2B cross-border payments, payroll, and FX solutions across Africa.

-
-
-
11-50
No Data
Vepay
Vepay
Nigeria

Vepay is a Nigerian fintech offering seamless cross-border payments, virtual cards, and global transfers.

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-
-
11-50
No Data
TerraPay
TerraPay
Kenya

TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network.

$257M
Debt Financing
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501-1,000
No Data
OneDosh
OneDosh
Nigeria

OneDosh simplifies global payments, empowering freelancers and professionals with instant, borderless transactions.

$4M
Pre-seed
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11-50
No Data
Aboki Africa
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