CashAfrica
OperatingContactless tap-to-pay API infrastructure for banks and fintechs in Africa
- FinTech
- Lagos, Nigeria
- Funding Round
- Founded 2024
- cashafrica.co ↗
- Last round
- Funding Round
- Rounds
- 2
- since 2024
- Investors
- 2
- on record
About CashAfrica
CashAfrica builds NFC-based contactless payment infrastructure that lets banks, fintechs and payment providers enable tap-to-pay from their apps and existing POS terminals. Its CashTap API powers tap-to-pay from bank and fintech apps, and its CashMobile consumer app lets users tap to pay with linked cards or wallets. The company earns usage-based fees on API transactions. Partners and integrations reported by the company and press include PalmPay (tap-to-pay on PalmPay POS terminals, piloted on 1,000 terminals in 2025), ChamsSwitch (switching and settlement), and Chicken Republic, where mobile tap-to-pay is being rolled out across outlets starting in Lagos (announced October 2026).
CashAfrica funding2 rounds
All 2 rounds →The latest is a Funding Round announced 01 Feb 2026.
Who has invested in CashAfrica
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 01 Feb 2026 | CashAfrica Funding Round | Afropreneur Angel Group | Not disclosed |
| 04 Aug 2025 | CashAfrica Funding Round | Tim Draper | Not disclosed |
CashAfrica founders & team
- Malik AsamuCo-Founder & CEO
- Bello OpeyemiCo-Founder & CTO
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Frequently asked about CashAfrica
- Where is CashAfrica based and when was it founded?
- CashAfrica is headquartered in Lagos, Nigeria and was founded in 2024.
- Who founded CashAfrica?
- CashAfrica was founded by Malik Asamu (Co-Founder & CEO) and Bello Opeyemi (Co-Founder & CTO).
- Who is the CEO of CashAfrica?
- Malik Asamu is CashAfrica's Co-Founder & CEO.
- How much funding has CashAfrica raised?
- CashAfrica has raised 2 funding rounds; the amounts were not disclosed. Its latest, a Funding Round, was announced on Feb 01, 2026.
- Who has invested in CashAfrica?
- Backers include Afropreneur Angel Group and Tim Draper.
- What sector is CashAfrica in?
- CashAfrica operates in FinTech, Payments and Mobile Payments.
