African Remittance Startups Surge as Inflows Hit Record $56B in 2024
LemFi secured $53 million in funding and surpassed $1 billion in monthly transactions. Nala expanded operations to the Philippines and Pakistan, securing $40 million in funding.
This fintech has a fix for the biggest cross-border payments issues in Francophone Africa
Cauridor raised $3.5 million in seed funding. The platform supports mobile wallets, bank transfers, and cash pickups through over 25,000 agents.
Sendsprint expands to the US with Nobel Financial Inc. acquisition
Sendsprint acquires Nobel Financial Inc. to expand its services in the US. The acquisition enables Sendsprint to offer money transfers and gift-sending from customers in 16 US states.
