JoonaPay provides an enterprise finance operating system tailored for businesses in Francophone West Africa. This platform consolidates invoicing, payments, expense management, corporate cards, and treasury functions into a single solution. It ensures compliance with BCEAO regulations and SYSCOHADA standards for streamlined financial operations.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses operating in the UEMOA region of West Africa face challenges with inefficient and costly cross-border payment processing due to limited infrastructure and reliance on traditional banking systems. Existing payment methods often lack the speed and transparency required for seamless transactions, hindering business growth and regional trade.
Solution
JoonaPay offers a digital payment and spend management platform designed to streamline financial operations for businesses in the UEMOA region. The platform enables instant CFA/XOF transactions using stablecoins (USDC), mobile money, cards, and bank transfers, providing a versatile range of payment options. JoonaPay facilitates low-cost cross-border payments and automates spend management processes, such as employee remittances and travel fees, through an intuitive dashboard. By partnering with banks across the UEMOA region, JoonaPay ensures secure and swift CFA payment processing, while its user-friendly API allows for easy integration with existing systems.
Target Audience
JoonaPay primarily targets mid-to-large scale merchants and enterprises operating in various sectors, including construction, maritime shipping, telecoms, and mining, within the UEMOA region.
Features
- Instant CFA/XOF payments using stablecoins (USDC), mobile money, cards, and bank transfers
- Automated spend management for employee remittances, travel fees, and bulk payments
- User-friendly API for seamless integration with existing business systems
- Digital banking solutions, including mobile check deposits and integrated online banking
- Bank partnerships across the UEMOA region for streamlined and secure CFA payment processing
- OCR technology for processing physical checks via mobile phone camera
- PCI-DSS compliance to ensure the security of transactions and sensitive information
- Reporting and analytics dashboard for account management, invoice creation, dispute resolution, and fraud management