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INTERNET | Internet Software & Services / Payments
paysika.co

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Founded Year

2020

Stage

Angel | Alive

Total Raised

$350K

Last Raised

$350K | 2 mos ago

About PaySika

PaySika offers digital solutions and debit card services for payments that aim to help users manage accounts and money.

PaySika Headquarter Location

55 Avenue Louis Breguet

Toulouse, 31400,

France

+33 7 53 11 05 88

Latest PaySika News

Deal-Street Africa [October 18-22]: Twelve Startups Funded; 1 Acquisition

Oct 25, 2021

Digital bank PaySika secures USD 349 K Startup Capital PaySika, a digital bank focusing on Francophone Africa, received startup capital of EUR 300,000 K (USD 349. 6 K) from a consortium of French, British, and Nigerian investors. The company intends to use this funding to attract new additional profiles and continue its development by creating more fluid, safe services that fulfill user expectations. The startup plans to first deploy in Cameroon and Gabon, the two countries selected to test its solution, before moving on to Benin. Nigerian Digital Bank Sparkle Raises USD 3.1 Mn Seed Round To Scale Sparkle, a Nigerian startup that provides financial, lifestyle, and business support services to Nigerians across the world, raised USD 3.1 Mn in seed funding to help it invest in infrastructure and scale across the diaspora. The round included n all-Nigerian group of investors including Leadway Assurance, Trium Networks, and a number of Nigerian HNIs. Solar Power Provider d.light Secures USD 15 Mn Funding Round d.light, a leading innovator of solar, lighting, and sustainable products secured a USD 15 Mn funding round led by Inspired Evolution via its Evolution II Fund. Shell New Energies, FMO, Norfund, Swedfund, and KawiSafi Ventures were among the other investors in the round. MFS Africa Acquires Nigerian Fintech Startup Baxi MFS Africa, a pan-African payments company, acquired Baxi, one of Nigeria’s largest super-agent networks, to enable its growth into the country. MFS Africa will also expand Baxi’s proposition for offline SMEs to select markets within MFS Africa’s footprint. Kenyan Fintech Asante Secures USD 7.5 Mn Series A Funding Asante, a Kenyan fintech startup, has raised USD 7.5 Mn in Series A funding to expand its credit offerings to a host of African countries. The round was led by Goodwell Investments with participation from other investors including, Sorenson Impact Foundation and Forsage Holdings. Egyptian Startup Efreshli Raises USD 550 K Seed Round Egyptian online interior design firm Efreshli raised a USD 550 K seed round led by angel investor Tarek Sakr and property developer Marakez. The startup plans to use the funds to finance Efreshli’s geographical expansion and develop its tech infrastructure. South African Clean-tech Startup Brayfoil Technologies Secures Investment Brayfoil Technologies, a cleantech startup based in Johannesburg, received an undisclosed amount of funding from Katapult Ocean. In addition, the innovative tech startup has been selected to participate in the Katapult ocean accelerator program that will start at the end of this year. Nigerian Digital Bank Brass Closes USD 1.7 Mn Funding Round Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), secured USD 1.7 Mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses. The funding round saw participation from Olugbenga ‘GB’ Agboola (Co-Founder of Flutterwave), Ezra Olubi (Co-Founder of Paystack), Hustle Fund, Acuity Ventures, Uncovered Fund, and Ventures Platform. The new funding will play a key role in accelerating Brass’ expansion into South Africa and Kenya. Fintech Galaxy Raises USD 2 Mn Seed Funding, Partners GIZ Fintech Galaxy, the UAE-based open innovation platform, raised USD 2 Mn in seed funding to further bolster the development and rollout of its Open Finance platform, as it looks to expand its reach and boost financial inclusion across key the Middle East and North Africa (Mena) markets. The seed round was led by Jordan’s Ahli Fintech and joined by Raz Holding Group, OMQ Investments, Egypt’s EFG EV Fintech, and INSEAD Saudi Angel Investors. Fintech Galaxy has also partnered with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to launch a new cross-border accelerator program to help startups from Egypt and Jordan expand into both markets. Kenya’s Africa Blockchain Center Raises Seven Figure Seed Investment The Africa Blockchain Center (The ABC), a Kenyan startup focused on building technology capacity and offering blockchain solutions to key sectors announced it had raised a seven-figure investment from Next Chymia Consulting HK Limited, an Asian based company that provides blockchain solutions, consultancy services, and training to global entities. The investment will help The ABC set up structures across 6 markets in Africa including, Kenya, Tanzania, Zambia, Nigeria, Uganda, and South Africa, and build a community of blockchain stakeholders for knowledge sharing and best practice guidelines. Most Read

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Expert Collections containing PaySika

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

PaySika is included in 2 Expert Collections, including Fintech.

F

Fintech

4,558 items

Track and capture company information and workflow.

P

Payments

1,721 items

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

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