What is Beyonic?
Beyonic, now operating as Onafriq, is recognized as Africa's largest digital payments gateway. The company facilitates a seamless payment experience, connecting businesses to a vast network of over 1 billion mobile wallets continent-wide. Onafriq's comprehensive services cater to a broad spectrum of clients, including enterprises, non-bank financial institutions, mobile network operators, and government bodies. Their offerings encompass collections, disbursements, card issuance, and agent banking, all designed to simplify financial transactions and foster economic opportunities throughout Africa and its diaspora.
How much funding has Beyonic raised?
Beyonic has raised a total of $680K across 1 funding round:
Private Equity
$680K
Private Equity (2015): $680K, investors not publicly disclosed
What's next for Beyonic?
The substantial enterprise-level capital infusion positions Beyonic (Onafriq) for accelerated growth and expanded market penetration. This strategic backing is expected to fuel further innovation in their payment solutions, enhance their network reach, and solidify their leadership in Africa's burgeoning digital economy. The company's focus on simplifying payments and connecting diverse stakeholders suggests a trajectory aimed at transforming financial inclusion and driving economic development across the continent.
See full Beyonic company page
