StageSeries C | Alive
Last Raised$47.5M | 5 yrs ago
Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
Cellulant is a pan-African payments technology company offering a single API payments platform that provides locally relevant and alternative payment methods for global, regional and local merchants. Its platform enables businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards or directly from their bank. It was founded in 2003 and is based in Nairobi, Kenya.
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Cellulant's Products & Differentiators
Payment collection services to merchants on their websites or apps
Expert Collections containing Cellulant
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cellulant is included in 3 Expert Collections, including Payments.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Cellulant News
Mar 1, 2023
ELEVEN BUSINESSES JOIN MULTICHOICE ACCELERATOR The MultiChoice Africa Accelerator Programme has rounded up 11 startups from nine African countries which MultiChoice thinks are not just potential money makers but also have the potential to solve real-world issues with their tech solutions. Which startups were chosen? First up, we have Tupuca from Angola, a quick-commerce platform that wants to make shopping a breeze. Then there’s Taskmoby from Ethiopia, a digital marketplace and StarNews Mobile from Ivory Coast, a media-tech startup. Ghanaian social commerce platform Tendo is also joining, alongside Kenyan health tech platform, Zuri Health . Nigerian startups Dojah Inc and Crop2Cash are also joining in on the fun. Fintech startup MaTontine from Senegal is ready to revolutionise the way we handle finances. Finally, there’s Botlhale AI and Gradesmatch from South Africa and, Mighty Finance Solution , a fintech platform from Zambia. The first edition of this accelerator programme was held last December . In that edition, 29 startups embarked on an intensive virtual training course, followed by an in-person boot camp in Lusaka, Zambia. The most promising startups were invited to pitch to prospective international investors in Dubai. Similarly, this year, the accelerator will offer the startups training and investment opportunities to support them as they scale and thrive in the tech ecosystem. The accelerator is the product of a collaboration between MultiChoice Group; a Dubai-based business incubator, Companies Creating Change; EOH; and Galelo Africa. SEND BY FLUTTERWAVE Visit send.flutterwave.com and do it now! This is partner content. GUARDRISK TO INVEST $2.8 MILLION IN INSURTECH South African insurance provider Guardrisk has announced its R50 million ($2.8 million) LAUNCHPAD initiative which seeks to back innovative insurtech startups and scaleups in the country. The initiative will provide tailored support for each startup. This will include financial support through funding as well as non-financial support through business and technical mentorship. Support will also come in the form of finding the most efficient distribution channels to match individual venture expertise. Guardrisk will also partner with venture capital investors to co-invest in and support entrepreneurs in the insurtech scale-ups. Startups whose solutions are innovative and compelling enough to drive tangible and measurable business value will also be considered. “Guardrisk is by nature an entrepreneurial business, so we understand the challenges and opportunities that entrepreneurs face in building and scaling their businesses—and are nimble enough to help them navigate these, grow and develop products and solutions that meet client needs while simultaneously enabling convenience, flexibility and cost-effectiveness,” said managing executive, Xoleni Nxanga. “We are excited about the opportunity to partner and collaborate with entrepreneurs and venture capital investors to build a robust insurtech ecosystem that pushes beyond industry boundaries and uses innovation to solve real customer and business challenges in South Africa.” Startups interested in partaking in the initiative can go here . CELLULANT’S NEW MANAGER Image source: BBC Cellulant, a leading digital payments platform in Africa, has announced the appointment of Ibrahim Gbolahan Aminu as the new general manager for its Nigeria operations. Per Ventureburn , he will lead the company’s efforts to strengthen its position in Nigeria’s digital payments market. Is Cellulant in Nigeria? Yes! Nigerian businesses, such as GIG Logistics, Perfect Trust Cosmetics, SimbaGroup, and Chicken Republic, use Cellulant’s software Tingg to keep track of transactions, reconcile accounts, and make and receive payments. Global companies such as Emirates, Bolt, and PepsiCo use the fintech platform too. In the past year, Tingg reportedly witnessed rapid adoption in Nigeria; its proximity payments solution, Instore, experienced 200% growth. Cellulant is set to expand coverage for its Tingg digital payment platform across Nigeria. Aminu, who has over 15 years’ experience in the fintech, banking, oil and gas, and pharmaceutical industries, will oversee the company’s day-to-day operations in Nigeria, and provide the leadership necessary to make this expansion happen. IN OTHER NEWS FROM TECHCABAL OPPORTUNITIES The 100x Impact Accelerator is open to applications from impact-driven social enterprises that work across eight sectors including health, climate and education. Selected enterprises will receive £150,000 grants and access to LSE’s world-class expertise, plus a 12-week programme of bespoke support from experts and social unicorn founders. Register by March 10 . The Jasiri Talent Investor Programme is looking for highly driven individuals with a history of achievement and/or entrepreneurial action who aspire to launch a high-growth venture. Apply by April 23 . The Growth Africa Accelerator Programme is calling for applications from ambitious and committed entrepreneurs from Kenya, Uganda, Ethiopia, Zambia or Ghana with the potential to grow and create impact through their businesses. Apply now . What else is happening in tech?
Cellulant Frequently Asked Questions (FAQ)
When was Cellulant founded?
Cellulant was founded in 2003.
Where is Cellulant's headquarters?
Cellulant's headquarters is located at 2nd Floor, West Wing, Vienna Court, Nairobi.
What is Cellulant's latest funding round?
Cellulant's latest funding round is Series C.
How much did Cellulant raise?
Cellulant raised a total of $49M.
Who are the investors of Cellulant?
Investors of Cellulant include Endeavor, Satya Capital, Velocity Capital Fintech Ventures, The Rise Fund, Progression Capital Africa and 3 more.
Who are Cellulant's competitors?
Competitors of Cellulant include Stripe, Ukheshe, TouchBistro, Satispay, Ezetap, Previse, Pine Labs, Flutterwave, GoCardless, Veem and 18 more.
What products does Cellulant offer?
Cellulant's products include Checkout and 2 more.
Compare Cellulant to Competitors
Previse uses machine learning to deliver instant payments to small businesses supplying large corporations. Previse’s artificial intelligence (AI) based analytical tools mine the vast amount of B2B network data to accurately predict future revenues and price risk. As an enabler for its industry, Previse’s solutions connect SMEs with billions of cost-effective working capital embedded within the existing B2B platforms which businesses use to transact. The company was founded in 2016 and is based in London, England.
ToneTag enables contactless payment solutions in existing payment eco system by integrating its proprietary software development kit (SDK) at both merchant (mobile, POS, EDC) and customer interaction points (M-Wallet, M-Banking Apps).
Hypur is a bank compliance platform enabling financial institutions to intelligently manage risk and confidently serve their customers. The company's real-time gateway and algorithms help prevent unwanted transaction before they occur. The platform's real-time controls, analytics, and robust reporting provide quick access to the information banks need to make smart decisions.
Lemon Way is a pan-European payment institution dedicated to marketplaces, crowdfunding platforms, e-commerce websites, and other companies looking for payment processing, wallet management and third-party payment in a KYC/AML - regulated framework.
TouchBistro is an iPad-based restaurant management platform. It offers an integrated payments solution designed to meet the needs and fast pace of the food service industry. The firm was founded in 2011 and is based in Toronto, Canada.
GoCardless is an online direct debit provider, operating an international payments network for businesses to take and settle recurring payments from anywhere, to anywhere, in any currency. The company was founded in 2011 and is based in London, England.
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