Connect with us

Nigerian FinTech Wallets Africa Raises Undisclosed Funding


Nigerian FinTech Wallets Africa Raises Undisclosed Funding

Nigerian FinTech company, Wallets Africa has raised an undisclosed amount of funding to expand its operations and continue its quest to become Africa’s foremost borderless digital payments platform.

A digital financial platform that makes it easier for Africans and visitors to the continent to transact with an app and a card, Wallets Africa secured this round of funding from Mozilla Corporation, 9Yards Capital, Samurai Incubate, and Michael Seibel, Y Combinator CEO.

They join the investors’ Maria Alegre, CEO of Chartboost; Microtraction; Venture Souq; and Brad Flora who have previously invested in the company.

Founded in Lagos, Nigeria in 2018, founder and CEO, John Oke hatched the Wallets Africa idea two years earlier while still a software engineer at SureGifts, a gift voucher company. While integrating the company’s core backend with Kenya’s mobile money service, M-Pesa, he noticed the seamless payment possibilities available for both.

One could make use of a SureGifts voucher to pay at an M-Pesa till at a mall or to get tickets at an IMAX cinema in Nairobi. Thus, this realisation led him to believe that financial transactions via digital wallets were possible and could be adopted in Nigeria.

Over the next 18 months, Oke started working and consulting for banks and Fintech companies including Interswitch, gaining some experience of the Nigerian financial terrain before launching out. The company’s various products currently span across several packages including — one for consumers, which allows them to, in addition to making payments on international platforms such as Netflix & Amazon, pay bills, buy airtime, use a card for purchases and make money transfers to banks in Nigeria as well as mobile money transactions in Ghana and Kenya. The company’s business product allows small business owners and startups to manage their transactions from an incredibly intuitive dashboard.

Read: Catalyst Fund Selects WellaHealth, Flex Finance & PayMeNow for Its Fintech Accelerator

Wallets Africa’s growing user count stands at 43,000 over 1,400 businesses signed up. The startup also handles more than ₦3 billion (US$6.7M) in transactions monthly.

Oke insists this is just one phase of a wide-ranging strategy. “We are providing corporate banking for businesses. This investment, which is basically an impact investment, will be used to help small businesses scale. We are becoming the first bank account for businesses as they can sign up on our portal and get an account in three minutes,” he said.

“Wallets Africa will also be helping these businesses and developers issue wallets the way most of them issue cards these days.”

He added that physical prepaid Naira cards are set to be rolled out this week, a welcome development which will allow customers to easily withdraw cash from ATMs as well as pay offline at POS terminals.

As with most Nigerian Fintech startups, Wallets Africa aims to become a digital bank and is bracing itself for competition. “We are becoming a 360-degree payment instrument for businesses and consumers,” Oke explains We’ll continue to work with banks and organisations across the world to build digital financial channels for the next billion internet users.”

Continue Reading


  1. Pingback: Google

  2. Pingback: Google

  3. Pingback: Skyline Properties

  4. Pingback: free windows app download

  5. Pingback: free download for pc windows

  6. Pingback: pc apps download for windows 7

  7. Pingback: Fakaza

  8. Pingback: Amsterdam escorts

  9. Pingback: options trading

  10. Pingback: Online Impacts

  11. Pingback: Laptop support

  12. Pingback: arts news websites

  13. Pingback: affiliate link

  14. Pingback: disneyland paris tickets at the gate

  15. Pingback: Cavapoo

  16. Pingback: Supreme Carts

  17. Pingback: dank carts  

  18. Pingback: Morkie Puppies for sale near me

  19. Pingback: URL

  20. Pingback: Computer hilfe

  21. Pingback: Employee Benefits Chicago

  22. Pingback: faridzudin

  23. Pingback: Motivational Speaker

  24. Pingback: cotton biker shorts

  25. Pingback: TOURS

  26. Pingback: fake nz money for sale

  27. Pingback: سکس تینجره

  28. Pingback:

  29. Pingback: questions for married couples

  30. Pingback: bull dog

  31. Pingback: high quality undetectable counterfeit money

  32. Pingback: fishscale cocaine

  33. Pingback: buy fake money

  34. Pingback: اغاني

  35. Pingback: buy hydromorphone 4mg for sale online overnight shipping

  36. Pingback: order generic vyvanse (lisdexamfetamine) capsle online no script legally


  38. Pingback: ratuqq

  39. Pingback: free app download for windows 10

  40. Pingback: app download for windows 8

  41. Pingback: health insurance broker

  42. Pingback: Group health insurance plans

  43. Pingback: Buy Void Realms ( GG) Gamma Goblin 105ug blotter Tabs Online for sale near me in USA Canada UK Australia overnight delivery cheap

  44. Pingback: Employee health insurance plans

  45. Pingback: health insurance broker

  46. Pingback: Employee benefits

  47. Pingback: cheap opana online no prescription

  48. Pingback: thenaturalpenguin

  49. Pingback: PI News Wire

  50. Pingback: about his

  51. Pingback: Blazing Trader

  52. Pingback: french bulldog puppies for sale near me in USA Canada Uk Australia Europe cheap

  53. Pingback: Buy Ritalin 10mg online

  54. Pingback: Digital Media Asia

  55. Pingback: tierphysiotherapie

  56. Pingback: Bitcoin Era

  57. Pingback: Bitcoin Loophole

  58. Pingback: bitcoin loophole

  59. Pingback:

  60. Pingback: Immediate Edge

  61. Pingback: стихи для детей

  62. Pingback: frontier airlines Phone Number

  63. Pingback: 918kiss apk

  64. Pingback: sex education

  65. Pingback: internet radio

  66. Pingback: gamdom

  67. Pingback: nail polish sets

  68. Pingback: Plumber Near Me

  69. Pingback: Шины в Кишиневе

  70. Pingback: bitsler

  71. Pingback: bitcoin evolution review

  72. Pingback: stake

  73. Pingback: wolfbet

  74. Pingback: Immediate Edge Review 2020

  75. Pingback: Nairobi

  76. Pingback: bitcoin era account

  77. Pingback: dash kokemuksia

  78. Pingback: crypto revolt opinie

  79. Pingback: forex trading strategies

  80. Pingback: bitcoin loophole reviews 2020

  81. Pingback: Gazzy Colon

  82. Pingback: buy acid tabs LSD blotter sheets 300ug online for sale near me in USA Canada UK Australia overnight delivery cheap

  83. Pingback: Financial career

  84. Pingback: Small Business financing

  85. Pingback: Visa

  86. Pingback: اینستاگرام ریور پوکر

  87. Pingback: trade coin

  88. Pingback: start your own internet marketing business

  89. Pingback: best male masturbator

  90. Pingback: w88 lite

  91. Pingback: qiuqiu99

  92. Pingback: Denver SEO expert

  93. Pingback: mơ thấy con mèo đánh con gì

  94. Pingback: nằm mơ thấy con rết là điềm gì

  95. Pingback: mơ thấy anh em gặp nhau

  96. Pingback: mơ thấy ao nước đánh con gì

  97. Pingback: w88club

  98. Pingback: mơ thấy tiền đánh con gì

  99. Pingback: furnace service colorado springs

  100. Pingback: اغانى شعبى

  101. Pingback: bartending services

  102. Pingback: web designer

  103. Pingback: itpomoc opravy notebookov

  104. Pingback: mơ thấy con cá đánh đề con gì

  105. Pingback: mơ thấy ba ba

  106. Pingback: mơ thấy gạo đánh con gì

  107. Pingback: mơ thấy xe tải

  108. Pingback: mơ mình chết đánh con gì

  109. Pingback: IT Disposal

  110. Pingback: 먹튀사이트검증

  111. Pingback: Arcades Universe

  112. Pingback: beagle dogs for sale

  113. Pingback: Bichon Puppies for Sale

  114. Pingback: Pomsky breeders

  115. Pingback: MArijuana Shop

  116. Pingback: Teacup pomeranians for Sale

  117. Pingback: Parrots for Sale

  118. Pingback: Turkey plastic surgery

  119. Pingback: pubg lite hile satın al

  120. Pingback: Magazines for Sale online

  121. Pingback: mini labradoodles for sale

  122. Pingback: mejaqq

  123. Pingback: cryptoexchange

  124. Pingback:

  125. Pingback: Ragdoll Kittens For Sale Near Me

  126. Pingback: Australian Shepherd

  127. Pingback: Puppies for adoption near me

  128. Pingback: ginger kittens for sale


  130. Pingback: VAPE PEN

  131. Pingback: theweedtube

  132. Pingback: car rental kalamata

  133. Pingback: AU Tradeline scammers

  134. Pingback: small strap on dildo

  135. Pingback: 홀덤사이트

  136. Pingback: find a builder near me

  137. Pingback: mơ thấy người cha đã mất

  138. Pingback: bullet vibrator

  139. Pingback: dinh cu canada

  140. Pingback: older dating

  141. Pingback: PrescriptionCards

  142. Pingback: kaş meis feribot

  143. Pingback: en uygun uçak bileti

  144. Pingback: nằm mơ thấy mình bay lơ lửng

  145. Pingback: mơ thấy cây cầu là số mấy

  146. Pingback: mơ thấy quạ đen

  147. Pingback: orangeville real estate agents

  148. Pingback: Vid Slack

  149. Pingback: hat macca

  150. Pingback: hat macca co tac dung gi

  151. Pingback: macadamia mystrikingly

  152. Pingback: پیش بینی بازی انفجار

  153. Pingback:

  154. Pingback: dank carts

  155. Pingback: giayu2

  156. Pingback:

  157. Pingback: magic wand massager

  158. Pingback: melihat

Leave a Reply

Your email address will not be published.

More in Funding

To Top