Transfy provides a financial infrastructure that enables individuals and businesses to send money within and out of Africa. By offering competitive exchange rates and a seamless user experience, Transfy reduces the cost and complexity of cross-border payments across the continent.
Funding
Funding not disclosed
Founders
Product
Problem
High costs and complexities associated with traditional cross-border payment systems create barriers for individuals and businesses sending money within and out of Africa. Existing solutions often lack seamless integration with local payment methods and currencies, resulting in inefficient and expensive transactions.
Solution
Transfy provides a financial infrastructure designed to streamline cross-border payments for individuals and businesses operating in Africa. The platform offers a multicurrency wallet that supports saving, holding, and exchanging funds in various African currencies, including NGN, KES, ZAR, RWF, UGX, ZMW, and BWP. Transfy facilitates instant and secure money transfers to mobile wallets and bank accounts across multiple African countries, while ensuring competitive exchange rates and transparent pricing. The Transfy API enables fintechs and money transfer operators (MTOs) to integrate payout options to mobile wallets and bank accounts, automating payment processes within their software and digital products.
Target Audience
Transfy targets individuals and businesses in Africa who need to send and receive money across borders, including SMEs, remote workers, and enterprises managing payroll or supplier payments.
Features
- Multi-currency wallet supporting NGN, KES, ZAR, RWF, UGX, ZMW, and BWP
- Instant transfers to mobile wallets and bank accounts across Africa
- Competitive exchange rates with transparent pricing
- API for integrating payout options into existing systems
- Bank-level encryption and multi-factor authentication for secure transactions
- Bulk payment feature for managing payroll and paying employees in multiple currencies
- Over-the-counter FX platform tailored for African businesses
- International mobile recharge for airtime in 10 African countries