Beyonic
Onafriq provides a unified, real-time payments network connecting businesses to over 1 billion mobile wallets and 500 million bank accounts across 43 African nations through a single API. The platform enables pay-ins via cards, cash, or mobile money, and supports fast payouts, card issuance, and treasury services across 2,000 cross-border corridors.
- Financial Technology
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Businesses operating in Africa face significant friction when collecting and disbursing payments due to fragmented payment infrastructure across mobile money, bank accounts, and card networks. Cross-border transactions are especially complex, requiring multiple integrations and correspondent banking relationships to reach customers across different countries.
Solution
Onafriq provides a unified, real-time payments network that connects businesses to mobile wallets, bank accounts, and card rails through a single API integration. As a "Network of Networks," the platform enables interoperability between diverse payment systems, giving partners access to over 1 billion mobile wallets and 500 million registered bank accounts across the continent. The company facilitates pay-ins through cards, cash, and mobile money, while also powering fast, secure payouts for multiple use cases including disbursements and cross-border transfers. Onafriq's treasury services reduce currency complexity by providing access to multiple currencies across Africa without requiring businesses to maintain large correspondent banking networks.
Target Audience
Enterprises, banks, mobile network operators, money transfer organizations, non-bank financial institutions, and government development organizations seeking to make or receive payments across African markets.
Features
- Single integration connecting to 1 billion mobile wallets and 500 million bank accounts across 43 African nations
- 2,000 cross-border payment corridors spanning 34 African markets with live BINs
- Pay-in support for cards, cash, and mobile wallet payments
- Real-time payout capabilities with fast settlement for diverse use cases
- Physical and virtual prepaid card issuance platform for businesses entering new markets
- Treasury services offering multi-currency access with reduced correspondent banking requirements