What is Wapi Pay?
Founded in 2019, Wapi Pay operates at the intersection of African mobile money ecosystems and Asian financial markets. The company provides a sophisticated payments gateway that enables African businesses to send and receive funds from Asia with unprecedented efficiency. By leveraging a distributed office model spanning Kenya, China, and Singapore, Wapi Pay addresses the complex regulatory and technical challenges inherent in cross-border trade. Its platform serves as a vital conduit for SMEs and large enterprises alike, streamlining liquidity management and fostering deeper economic integration between these two high-growth regions.
How much funding has Wapi Pay raised?
Wapi Pay has raised a total of $2.2M across 1 funding round:
Other Financing Round
$2.2M
Other Financing Round (2021): $2.2M with participation from MSA Capital, Kepple Africa Ventures, and EchoVC Partners
Key Investors in Wapi Pay
MSA Capital
MSA Capital is an independent global private equity and venture capital firm managing over $1.5 billion, focused on partnering with innovative entrepreneurs to deliver strong financial returns and positive social impact.
Kepple Africa Ventures
A venture capital firm based in Kenya and Nigeria dedicated to creating new industries in Africa by supporting local startups and facilitating strategic collaborations with Japanese companies.
EchoVC Partners
EchoVC Partners is a Lagos-based venture capital firm established in 2011 that provides financing and cross-pollination support to business models across Sub-Saharan Africa, Europe, and North America.
What's next for Wapi Pay?
With this major enterprise-level funding, Wapi Pay is well-positioned to accelerate its product development roadmap and deepen its integration with regional financial institutions. The strategic focus will likely shift toward enhancing transaction throughput, bolstering security protocols, and expanding its network of banking partners to accommodate increasing trade volumes. As the company scales, it is expected to play a central role in the digitization of trade finance, potentially setting new standards for transparency and speed in the Africa-Asia corridor. The firm's ability to navigate diverse regulatory environments will remain a key competitive advantage as it seeks to capture a larger share of the cross-border payment market.
See full Wapi Pay company page
