What is Wapi Pay?
Founded in 2019, Wapi Pay is a Kenyan fintech startup operating with a global footprint, including offices in China and Singapore. The company specializes in providing a comprehensive payments gateway that empowers African businesses to seamlessly receive and send money from Asia. Leveraging mobile money platforms and traditional bank accounts, Wapi Pay bridges the financial divide between these two dynamic economic regions, addressing a critical need for efficient international transaction capabilities.
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 Kepple Africa Ventures, EchoVC Partners, and MSA Capital
Key Investors in Wapi Pay
Kepple Africa Ventures
Kepple Africa Ventures is a venture capital firm based in Kenya and Nigeria, dedicated to creating new industries in Africa through startup investments. The company supports the growth of local startups and facilitates collaboration with Japanese companies, fostering innovation in the rapidly evolving African market.
EchoVC Partners
EchoVC Partners is a privately owned venture capital company providing financing and cross-pollinating to companies, teams and business models in Sub-Saharan Africa, Europe and North America. The company was established in 2011 and is headquartered in Lagos, Nigeria.
MSA Capital
Founded in 2014, MSA Capital is an independent global private equity and venture capital firm with over $1.5 billion under management. MSA actively partners with outstanding entrepreneurs globally to build leading, innovative companies that aim to deliver strong financial returns and meaningful, positive social impacts.
What's next for Wapi Pay?
The recent major strategic investment signals a new phase of growth and expansion for Wapi Pay. This capital infusion is likely to fuel further development of its payment infrastructure, enhance its market reach across Africa and Asia, and potentially support the exploration of new financial products and services. The company's focus on bridging African and Asian markets positions it for significant scaling and impact in the global fintech landscape.
See full Wapi Pay company page
