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B2B cross-border payments for sub-Saharan Africa1-10 Employees
  • B2B
  • Early Stage
    Startup in initial stages
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B2B cross-border payments for sub-Saharan Africa
African businesses import $600 billion worth of goods and services per year but paying their suppliers abroad remains a massive challenge. Their options today are limited to traditional banks and the black market. Going through banks means poor customer service, high transaction costs and unfavorable exchange rates. Transactions that should take a few days end up taking weeks and cost merchants up to 9% in fees. The situation is equally dire for consumers who pay some of the highest P2P transfer fees in the world and are stuck with mobile money technology that is now decades old. We are building Kappa to fix that. Our cross-border payments platform is designed for ultra low-cost, near-instant money transfer at significantly higher transaction sizes than what’s currently possible. Our mission is to break down the barriers that have held back African businesses for decades.
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Mina Ndedi Eyango
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Blaise Buma
Avatar for Blaise Buma
Did S&T at GS before joining Schwarzman Scholars (Beijing, China). Moved to Africa to work in PE, where I saw a massive opportunity in fintech. Completed an MBA an Harvard and started Kappa to solve B2B payments in Africa & beyond.
Andreas Fragner
Avatar for Andreas Fragner
I’m a co-founder of Kappa, a B2B cross-border payments platform for sub-Saharan Africa. I spent 8 years in the quantitative trading space before that as a founder and PM.
Valuation

$0

Funded over

2 rounds

Latest round

Pre-Seed (Sep 2022)

Health, dental and vision, for you and your dependents

Parental leave, family-friendly culture

Unlimited paid time off

Travel to africa to meet with customers and team members

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