Cellulant is ready to start operations in South Africa after months of testing the market. According to the Chief Business Officer Sike Bamisebi in recent interview, the company is looking to tap South Africa’s mature retail ecosystem and is also concluding fundraising efforts for further expansion into the Middle East and the United Kingdom.
Cellulant is a leading Pan African payments company that provides locally relevant and alternative payment methods for global, regional and local merchants.
The company has been on an aggressive partnership drive this year to expand services and market. Its most recent partnership was with Copia Global to enable payments for its diaspora and urban customers.
In the same month of November, Cellulant sealed a financial services partnership with Solv Kenya, an MSMEs-focused B2B digital platform to enable Solv Kenya’s expanding MSME partners to access digital payment and collections services offered by Cellulant.
Bamisebi did not disclose the amount the company is raising but previous indications connote that it is around $100 million.
According to Bamisebi at the Africa Tech Summit in London, “We provide a valuable proposition in South Africa. We work with premium merchants and we give them access to these markets. These new markets fall in line with our strategy to prioritize the top markets.”
