Simbapay
Simbapay operates Africa's largest digital payments gateway, connecting businesses to a real-time payments network that provides access to over 1 billion mobile wallets and 500 million registered bank accounts. The platform enables interoperability between mobile money operators, banks, and fintechs through a unified API, supporting 2,000 cross-border payment corridors across the continent.
- Financial Technology
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Businesses seeking to scale across African markets face fragmented payment infrastructure, with mobile money operators, banks, and fintechs operating in isolated silos. This fragmentation limits cross-border transactions and forces companies to build costly, duplicative integrations to reach customers across the continent.
Solution
Simbapay operates Africa's largest digital payments gateway, connecting businesses to a real-time payments network built for the continent. As a "Network of Networks," it provides convergence and interoperability between mobile money operators, banks, and fintechs, enabling partners to scale their digital payment strategies. The platform gives enterprises immediate access to millions of African customers through multiple payment and pay-out options. With access to over 1 billion connected mobile wallets and 500 million registered bank accounts across 2,000 cross-border payment corridors, Simbapay makes payments as simple as a phone call, opening markets and connecting people across Africa and the diaspora.
Target Audience
Primary customers are enterprises, fintechs, banks, and payment service providers seeking immediate access to African markets through a single integration point for cross-border and domestic payment collection and disbursement.
Features
- Access to 1 billion connected mobile wallets and 500 million registered bank accounts across Africa
- Network of 2,000 cross-border payment corridors spanning multiple African nations with live BINs and bank partners
- Interoperability layer connecting mobile money operators, banks, and fintechs in a single integration
- Multiple payment and pay-out options enabling enterprises to tap new customer segments immediately
- Unified API for real-time payments built specifically for African market conditions