Wapi Pay, with offices located in Nairobi, Singapore, and Tianjin, China, was established as the company’s platform-to-platform integration network, worldwide accounts, and virtual wallets for simple global payment and financial products for its partners and consumers.
Now, US$2.2 million has been secured in pre-seed finance to build up global payments and transfers between Africa and Asia. EchoVC and MSA Capital, a worldwide fund located in China, as well as Kepple Africa Ventures and present-day angel investors, are among investors.
The pre-seed raising of non-equality will be utilised by Wapi Pay to enhance the involvement and expansion of licensing regulators across Africa.
“These funds will help Wapi Pay diversify its product range and drive growth so that we can evolve remittances into real-time global cross-border payments, starting with Africa and Asia. All while minimising the cost of transactions, it needs to be as easy as sending M-PESA,” said Eddie Ndichu, co-founder at Wapi Pay.