CinetPay is a mobile money payment hub that integrates over 64 payment methods across Africa, enabling businesses to accept and process payments securely through a single API. The platform addresses the challenge of fragmented payment systems in the region, allowing companies to reach over 290 million customers efficiently while ensuring compliance with security standards.
Funding
$2.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses in Africa face challenges due to fragmented payment systems, hindering their ability to efficiently reach a broad customer base. Integrating multiple payment methods is complex and costly, limiting market access and increasing operational overhead.
Solution
CinetPay offers a unified payment platform that aggregates over 64 payment methods across Africa through a single API, enabling businesses to accept and process payments securely. The platform simplifies online payment acceptance, allowing businesses to access over 356 million customers in West Africa and 83 million in Central Africa. CinetPay provides tools for online payment collection, mass payouts, payment links, and school fee collection, all while ensuring compliance with security standards and offering payouts within 72 hours. By streamlining payment processes, CinetPay helps businesses reduce operational costs, increase sales, and expand their reach across the African market.
Target Audience
CinetPay primarily serves businesses, banks, insurance companies, public administrations, and NGOs operating in Africa, particularly in French-speaking countries, seeking to streamline payment processing and expand their market reach.
Features
- Unified API integrating over 64 payment methods including mobile money, bank cards, and wallets
- Online payment collection enabling businesses to receive payments from customers in over 10 French-speaking African countries
- Mass payout functionality for individual or group money transfers to mobile money accounts and wallets
- Payment links for collecting online payments without complex technical integration via email, SMS, or social media
- School Fees solution designed to facilitate the collection of school fees online with real-time tracking
- Support for multiple currencies including XOF, XAF, GNF, CDF, and USD
- PCI-DSS Level 1 certified platform ensuring secure payment processing
- Developer-friendly resources including detailed technical documentation, SDKs, and plugins