Zap Exchange provides a non-custodial cryptocurrency wallet enabling users to seamlessly send, deposit, buy, sell, and swap hundreds of tokens across major networks. The platform allows users to manage their entire digital asset portfolio and access decentralized applications (dApps) directly within the application. It facilitates fast, borderless transactions with real-time activity tracking for enhanced user control.
Funding
$300K 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
Users in Africa face challenges with slow and expensive cross-border transactions when exchanging cryptocurrencies or fiat currencies. Traditional methods often involve delays and high fees, hindering efficient financial operations.
Solution
Zap Africa offers a digital wallet that enables users to seamlessly exchange cryptocurrencies or fiat currency with instant payouts at competitive rates. The platform eliminates the need for custodial services, giving users complete control over their funds. By providing fast payouts and supporting various Nigerian banks, Zap Africa ensures efficient and transparent transactions. Users can also save favorite contacts as beneficiaries for easy fund transfers and track their transaction history for transparency.
Target Audience
The primary target audience includes individuals and businesses in Africa who require fast, reliable, and cost-effective cryptocurrency and fiat exchange services.
Features
- Cryptocurrency and fiat exchange capabilities
- Instant payments with zero delays
- Non-custodial wallet, providing users complete control of their funds
- Saved beneficiaries for easy fund transfers
- Transaction history tracking
- Support for all Nigerian banks licensed by the CBN
- Ability to swap crypto to fiat and fiat to crypto
- "Zap Desk" feature enabling private and personalized, high liquidity crypto swaps via WhatsApp