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We are a leading Pan-African technology company whose payments gateway powers and organises Africa's Marketplace by connecting buyers, sellers and other critical stakeholders with an underlying payments solution that enables them to make and receive payments. We provide a single digital payments platform that runs an ecosystem of consumers, retailers, merchants, banks, mobile network operators, Governments and International Development Partners. Today we serve about 120 banks such as Barclays, Standard Chartered, Ecobank, Standard Bank etc. across several markets; 40 mobile network operators including Safaricom, Econet and MTN, 600 local and international merchants including Opera, Transfertoo, Dstv, Dangote Rice, Kenya Airways.Today, Cellulants payments platform spans 1 in 10 Africans, with 2.5 million doing monthly transactions. Cellulants coverage extends to 50% of banks in Africa and 17 million unbanked farmers in Africa. Cellulant debuted operations in Kenya and Nigeria in 2004 and has grown to operate across 11 African countries, including Zambia, Ghana, Zimbabwe, Tanzania, Uganda, Botswana, Mozambique, Malawi, Rwanda and a combined team of up to 400 people.
Cellulant is a digital payments service provider that prompts, collects, settles and reconciles payments in real time is using mobile wallets to empower farmers across Africa as well as powering transactions for millions of merchants and utility facilities across Africa. It provides a mobile payment ecosystem connecting consumers, merchants, banks etc.
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the fund to expand its Digital Payments Across Africa(May 2018).
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES B · $5.5 M · Feb 2014
SERIES C · $47.5 M · May 2018
OTHERS · $1.5 M · Oct 2011
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