What is CinetPay?
CinetPay is a comprehensive payment solution provider designed to empower businesses across more than 10 countries in West and Central Africa. The company facilitates secure online payment collection through services such as Mass Payout, Payment Links, and School Fees collection, serving a diverse clientele ranging from private enterprises to public administrations. By supporting an extensive array of over 64 payment methods and multiple currencies, CinetPay streamlines the transaction process, thereby fostering accelerated business growth for its customers and aiming to revolutionize digital payments across the continent.
How much funding has CinetPay raised?
CinetPay has raised a total of $2.4M across 1 funding round:
Angel/Seed
$2.4M
Angel/Seed (2021): $2.4M with participation from Flutterwave and 4DX Ventures
Key Investors in CinetPay
Flutterwave
Flutterwave is a prominent B2B digital payment API provider established in 2016, offering services to global merchants and payment service providers operating in Africa.
4DX Ventures
4DX Ventures is an early-stage venture capital firm founded in 2017 and based in Ghana, Africa, with a specific focus on investments within the African continent.
What's next for CinetPay?
With the recent infusion of major strategic investment, CinetPay is poised for significant expansion and enhancement of its payment infrastructure. This capital will likely fuel the company's efforts to broaden its geographical reach within Africa, deepen its integration with local payment ecosystems, and further develop its technological capabilities to support an ever-increasing volume of transactions. The focus on enterprise-level funding suggests a strategic push towards scaling operations and solidifying its market position as a leader in digital payment solutions for businesses operating in the region.
See full CinetPay company page
