Surge Africa
OperatingSurge Africa helps African businesses pay their international suppliers within 24 hours instead of a week.
- Financial Services
- Lagos, Nigeria
- Pre-seed
- Founded 2023
- surgeafrica.co ↗
- Total raised
- $120K
- disclosed
- Last round
- $120K
- Pre-seed
- Rounds
- 1
- since 2023
- Investors
- 1
- on record
- Employees
- 2-10
About Surge Africa
Surge Africa helps African businesses pay their international suppliers within 24 hours instead of a week. Businesses in Africa pay almost 10% in expensive fees and exorbitant FX rates and then wait for up to a week for it to be delivered. Surge Africa are on a mission to make these international payments much faster, affordable and convenient.
Surge Africa funding1 round
Surge Africa has raised $120K across 1 disclosed round. The latest is a $120K Pre-seed announced 14 Dec 2023, led by ARM Labs Lagos Techstars Accelerator.
Who has invested in Surge Africa
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 14 Dec 2023 | Surge Africa Pre-seed | ARM Labs Lagos Techstars Accelerator | $120K |
Surge Africa founders & team
Full team →- Kumar ShouravFounder & CEO
- Kumar ShouravFounder & CEO
- Ebrahim EssopCo-Founder & CTO
- Ebrahim EssopCo-Founder & CTO
Surge Africa competitorssame sector · similar funding
- Lemonade PaymentsNairobi, Kenya
- mystocks.africaCape Town, South Africa
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Frequently asked about Surge Africa
- Where is Surge Africa based and when was it founded?
- Surge Africa is headquartered in Lagos, Nigeria and was founded in 2023.
- Who founded Surge Africa?
- Surge Africa was founded by Kumar Shourav (Founder & CEO), Kumar Shourav (Founder & CEO), Ebrahim Essop (Co-Founder & CTO) and Ebrahim Essop (Co-Founder & CTO).
- Who is the CEO of Surge Africa?
- Kumar Shourav is Surge Africa's Founder & CEO.
- How much funding has Surge Africa raised?
- Surge Africa has raised $120K across 1 disclosed round. Its latest, a $120K Pre-seed, was announced on Dec 14, 2023.
- Who has invested in Surge Africa?
- Backers include ARM Labs Lagos Techstars Accelerator.
- What sector is Surge Africa in?
- Surge Africa operates in Financial Services, FinTech and Payments.
