Fintech startup, Wapi Pay, has raised seed capital via Future Hub, becoming the first Fintech investment in Africa to do so.
According to Wapi Pay co-founder, Eddie Ndichu, they will use the funding to expand further into the African continent.
In August last year, Transsion Holdings, the company that makes popular smartphone brands like Techno, Infinix & iTel, and Kenya’s Wapi Capital partnered to find and fund Africa’s Tech Startups. The fund was seeking to select early-stage African Fintechs for equity-based investments of up to $100,000.
Future Hub, the first Chinese accelerator in Africa and backed by Transsion Holdings, was recently launched to support and fund African entrepreneurs to build scalable and innovative products that will solve several problems in Africa.
Wapi Pay is a Singapore and Kenyan-based fintech startup, which prides itself in offering platform-to-platform integrations, global accounts and virtual accounts (wallets) for individuals, merchants & businesses.