Moment is developing a pan-African payments network that facilitates real-time transactions across 40+ countries, enabling businesses to accept over 200 local payment methods. This platform addresses the challenges of high costs and inefficiencies in intra-African trade by providing virtual accounts in multiple currencies and seamless payment capabilities to international suppliers.
Funding
$20.7M 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 face high costs and inefficiencies when conducting intra-African trade due to fragmented payment systems and limited access to local payment methods. This restricts their ability to seamlessly transact across the continent's diverse markets and hinders participation in the global economy.
Solution
Moment provides a pan-African payments network that enables businesses to accept over 200 local payment methods across 40+ countries. The platform facilitates real-time transactions and offers virtual accounts in multiple currencies, reducing foreign exchange costs and streamlining payment processes. By connecting businesses to a broad network of African consumers and international suppliers, Moment simplifies cross-border payments and promotes trade within and across African borders.
Target Audience
The primary target audience includes merchants interested in expanding their reach across Africa, potential partners, and payment providers seeking to integrate with a pan-African payment network.
Features
- Acceptance of 200+ local payment methods, including cash, mobile money, card, bank transfer, and wallets
- Real-time payments across 20+ countries
- Virtual accounts in 40+ currencies
- Payment capabilities to suppliers in 130+ countries
- Compliance with local regulations in 40+ African countries