Kenyan/Singapore-based fintech startup, Wapi Pay has become the first African fintech to have raised seed funding via Future Hub.
Wapi Pay co-founder, Eddie Ndichu, says the start-up will be channeled towards expansion into other regions within Africa.
In August of 2019, Wapi Capital partnered with Transsion Holdings to fund African tech startups.
Transsion Holdings makes smartphones, the most popular brands of which are: Tecno, Infinix and iTel.
The fund sought to identify early-stage fintechs for equity investments of any amount upto $100,000.
Related article: Transsion Holdings partners with Wapi Capital to fund African Fintech startups
Future Hub is the first Chinese accelerator in Africa. It is backed by Transsion Holdings.
Future Hub was launched to offer support and funding to budding African entrepreneurs, and foster the building of innovative and scalable products that solve problems in Africa.
Wapi Pay offers platform-to-platform integrations, global accounts and virtual accounts (wallets) for individuals, merchants & businesses.
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