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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
cellulant.com

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Founded Year

2002

Stage

Series C | Alive

Total Raised

$49M

Valuation

$0000 

Last Raised

$47.5M | 3 yrs ago

Mosaic Score

+50 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Cellulant

Cellulant offers digital payments platforms and mobile banking services to businesses in Africa.

Cellulant Headquarter Location

Cavendish Block, 5th Floor 14 Riverside, Off Riverside Drive

Nairobi, 44134,

Kenya

+254-20-2606696

Latest Cellulant News

Cellulant introduces its digital payments platform Tingg in Zambia

Jul 15, 2021

Cellulant has rolled out Tingg, its digital payments platform enabling businesses and their consumers accept and make payments seamlessly in Zambia. Payment technology over the years has completely transformed how retailers operate. Thirty years ago, most retailers across Africa did not accept credit cards, and mobile money was still an idea. Over the past decade and a half, mobile money has transformed how African consumers access and use their money to pay for goods and services. But the most significant shift in the use of digital payments has happened in the last year, where the Covid-19 pandemic has accelerated digitisation for the retail sector. Unfortunately, retail businesses in major urban areas that were not equipped to handle card or mobile payments found it challenging to survive the COVID-19 pandemic. In Zambia, where multiple mobile money players are fighting for market share, merchants and retailers have set up fragmented payment processes, contracts and accounts to accept all forms of payments. In turn, this means that the retailer is managing varying user payment experiences to collect from multiple mobile money networks and processes for settlement and reversals daily. Related Articles December 29, 2020 “Today, roughly 50% of retail customers request to pay for their purchases using digital payment options. Therefore, for all businesses – small, medium, large- digitising their payments has moved from a good to have to a game-changer in what has become the new norm. However, this demand presents several challenges for most merchants who might not always support the customer’s preferred payment method, resulting in merchants having to enable multiple solutions to support multiple wallets. We want to partner with these businesses and makes it easy for them to conveniently and affordably accept payments with fewer hoops. In rolling out this digital payments platform, we are slowly removing the dependency on cash and POS terminals. Retailers can accept as many payment methods as possible whilst simplifying the collections and settlement processes. For retail customers, the solution provides a standard and unified payment experience regardless of the payment method,” said Gilbert Lungu, Country Manager for Cellulant Zambia. A single integrated solution, Tingg offers simplified payment tools and processes for a merchant to manage their payments. As a result, businesses can allow their customers to make payments for goods and services using locally relevant payment options. More than 70% of businesses in Africa are small or medium businesses and remain a backbone for economic growth for many other countries in Africa. Yet, 90% of these businesses collect payments in cash and lack digital payments options that cater to their customers. Cellulant aims to leverage its digital payments platform to boost growth for the retail sector by making it easy for businesses to conveniently and affordably accept payments and address the complex needs of managing payments. Facebook Comments

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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 4 Expert Collections, including Payments.

P

Payments

1,483 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

A

Africa Fintech

223 items

F

Fintech

10,749 items

Excludes US-based companies

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