Fyatu is a card issuing platform that enables users to create and manage virtual debit cards through a simplified API, facilitating secure online transactions across 20 African countries. The platform provides real-time transaction monitoring and military-grade encryption, addressing the need for fast and reliable payment solutions.
Funding
$250K 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
Many individuals and businesses in Africa lack access to secure and reliable online payment methods due to limited credit card penetration and concerns about financial data security. This restricts their ability to participate in e-commerce and access global services.
Solution
Fyatu provides a virtual card issuing platform that enables users to create and manage virtual VISA and Mastercard debit cards for secure online transactions. Through a user-friendly mobile app and API, Fyatu allows individuals and businesses to generate single-use or multi-use virtual cards, monitor transactions in real-time, and control spending with features like card freezing and spending limits. The platform supports funding cards with cryptocurrency and mobile money, catering to users in 20 African countries. Fyatu employs military-grade encryption to protect financial data and ensure secure online payments and subscriptions.
Target Audience
Fyatu's primary users are individuals and businesses in Africa who need a secure and convenient way to make online payments and subscriptions, particularly those who lack traditional credit cards or are concerned about online financial security.
Features
- Instant generation of virtual VISA and Mastercard debit cards
- Support for single-use and multi-use cards
- Real-time transaction monitoring and balance tracking
- Ability to freeze cards and set spending limits
- Reloadable with cryptocurrency and mobile money
- Available in 20 African countries
- Military-grade encryption for data protection
- B2B API for businesses to issue cards
- Multi-currency support (USD, EUR, and more)