Provides a payment processing platform that enables businesses to accept mobile money and other payment methods across 15 African countries through a scalable API and ERP integrations. It streamlines cross-border transactions, automates invoice processing, and offers fraud protection, ensuring secure and instant payments for small businesses, enterprises, and developers.
Funding
$109.7K 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 operating in Africa face challenges in accepting payments due to fragmented payment systems, limited access to mobile money, and complexities in cross-border transactions. Existing solutions often lack scalability, require extensive integrations, and expose businesses to fraud risks.
Solution
Lygos provides a payment processing platform that aggregates mobile money and other payment methods across 15 African countries, accessible through a unified API and ERP integrations. The platform streamlines cross-border transactions by automatically routing payments through optimal channels, automates invoice processing, and offers fraud protection to ensure secure and instant payments. Lygos offers tailored solutions for small businesses, enterprises, and developers, enabling them to expand their reach to over 400 million potential customers. The platform supports online payments via payment links and in-person payments at physical shops, providing a comprehensive payment solution for businesses operating in Africa.
Target Audience
Lygos targets small businesses, enterprises, and developers operating in Africa who need a scalable and secure payment processing solution to accept mobile money and other payment methods.
Features
- Unified API for accepting mobile money, card payments, and bank transfers across 15 African countries
- Seamless integration with ERP systems like SAP and Oracle
- Automated invoice processing and payment routing
- Fraud protection and AML compliance
- Payment link generation for online payments
- Support for in-person payments at physical shops
- Real-time transaction tracking and reporting