Capimoney Secures $17.2M Series A Funding to Revolutionize Overseas Payments for African Businesses

Capimoney is thrilled to announce that we have successfully raised $17,200,000 in our latest funding round—a transformative milestone that underscores our commitment to revolutionizing payment solutions for businesses across Africa. Our mission at Capimoney is clear: to empower African importers by providing them with the same speed, efficiency, and affordability that businesses in the US and Europe have long enjoyed. Traditionally, businesses in Africa have faced an uphill battle, often paying up to 10% just to settle invoices and enduring weeks-long waiting periods to receive payments. With this new influx of capital, we are poised to overturn this norm and streamline cross-border payments, reducing costs and cutting down processing times significantly. This remarkable achievement is made even more special by the support of a prestigious group of investors, including Firstminute Capital, Y Combinator, General Catalyst, Raba, Kima Ventures, Africa Fintech Collective, Musha Ventures, and Four Cities, as well as contributions from former a16z and YC partners (including Paul Graham), scouts from a16z and Sequoia, and experienced co-founders and operators from Onfido, Taptap Send, McKinsey, Earnest, GiveDirectly, and Turquoise Mountain. Their collective confidence in our vision is driving us to further expand our services and develop innovative solutions tailored to the unique challenges faced by African businesses. With these new resources, Capimoney is set to enhance our platform’s capabilities, extend our market reach, and ultimately deliver a more competitive, faster, and cost-effective payment service to our customers—a true game-changer in the African financial landscape.