• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    App-Analytics-and-Data-Driven-Insights-Appedus

    Marketing 101 : Top App Analytics and Data-Driven Strategies

    In-app-purchases-and-in-app-subscriptions-Appedus

    In-App Purchases and Subscriptions

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

      The Rise of Mobile Payment and Financial Apps

      Adverse Effects Of UV Radiation

      6 Adverse Effects Of UV Radiation

      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Free-Android-Meme-Maker-Appedus

      5 Best Free Android Meme Maker

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

      How to Create a Mobile App Marketing Strategy That Works

      How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

      How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

      App-Analytics-and-Data-Driven-Insights-Appedus

      Marketing 101 : Top App Analytics and Data-Driven Strategies

      In-app-purchases-and-in-app-subscriptions-Appedus

      In-App Purchases and Subscriptions

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        The-future-of-mobile-virtual-events-and-webinars-appedus

        The Future of Mobile Virtual Events and Webinars

        The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

        The Rise of Mobile Payment and Financial Apps

        Adverse Effects Of UV Radiation

        6 Adverse Effects Of UV Radiation

        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Free-Android-Meme-Maker-Appedus

        5 Best Free Android Meme Maker

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Featured

      Estonia-based PayQin raises €300K to grow its e-wallet service for the underbanked in West Africa

      PayQin, located in Estonia, has raised €300,000 to expand its e-wallet service for the underbanked in West Africa. This brings the company's total funding to $1 million.

      by Editorial Team
      July 27, 2021
      in Featured, Funding, News-Curated
      Reading Time: 4 mins read
      3
      PayQin
      Share on FacebookShare on Twitter

      Table of Contents

      • Main Highlights
      • PayQin’s funding
      • PayQin’s Collaborations

      Main Highlights

      • PayQin is a cross-border payment business that runs a complete e-wallet solution for West Africa’s underbanked.
      • The company’s goal for the year is to attain one million daily transactions and to create a single payment area for West African countries.
      • Customers of PayQin may utilize a single app to save mobile money, use cross-border debit cards, make payments, and manage crypto transactions.
      • The cash obtained in this round will be utilized to develop a significant presence in the West African market, according to PayQin.

      PayQin, a cross-border payment business that runs a complete e-wallet solution for West Africa’s underbanked, has announced a fresh €300,000 seed financing round, bringing the company’s total funding to $1 million. The company’s goal for the year is to attain one million daily transactions and to create a single payment area for West African countries.

      PayQin’s funding

      PayQin is funded by numerous Baltic business angels and venture capital firms (United Angels VC, Startup Wise Guys), as well as venture capitalist investors from the United States and Africa, including Planet42 co-founder Eerik Oja and Jnis Krms, the creator of PlanGrid (acquired by AutoDesk). It is also a Startup Wise Guys accelerator graduate, especially the first fintech batch supported by Swedbank, the Nordics’ largest bank.

      It was founded in 2017 by Fabrice Amalaman and Pierre-Antoine Sesque, is promoting financial inclusion in Africa’s huge underbanked regions, where mobile phone use exceeds banking access by a factor of two. Customers of PayQin may utilize a single app to save mobile money, use cross-border debit cards, make payments, and manage crypto transactions.

      PayQin, which was launched in the Ivory Coast, Cameroon, Senegal, and Mali, which together account for more than 22 percent of West Africa’s population, is working to create a unified payment area for the 400 million people who live in West African nations.

      It is the first firm in West African francophone countries to provide cryptocurrency for cross-border payments. The business presently intends to expand the platform to European remittances, resulting in a significant flood of transactions totaling $48 billion in Sub-Saharan Africa alone in 2019.

      PayQin 2

      PayQin’s Collaborations

      The company is collaborating with Producement, a product engineering firm formed by Wise graduates, to raise the PayQin platform’s quality to a world-class level. The founders have enlisted the help of a small group of advisors to help them achieve their goals. Iliana Björling Lindeberg, the head of marketing for Jumia Food and Jumia Travel Africa, advises the firm on its growth strategy.

      “The Sub-Saharan market is truly unique, with cutting-edge technologies like mobile money and a young population ready to discover what firms like PayQin have to offer. I’m delighted to be a part of PayQin’s progress because they fill a unique need in this market. Concepts like these are giving banks a run for their money, according to Lindeberg.

      In a strategic collaboration with Africa’s leading fintech firm, Flutterwave, the company is providing free virtual cards in order to expose small local business owners to the world of online advertisements in order to market their products and services and improve sales. “We are creating a safe and secure environment for online transactions, allowing the unbanked access to products and services that are not accessible locally,” said PayQin co-founder and CEO Fabrice Amalaman.

      The cash obtained in this round will be utilized to develop a significant presence in the West African market, according to PayQin. Furthermore, it will help to accelerate the company’s growth.

      Unbanked persons can use an electronic wallet linked to a virtual Visa card to buy and receive payments online anywhere in the globe. The card, which is funded by Cell Money, allows users to receive, save, and spend money using just their mobile phone number. This service is mostly supplied by mobile carriers in the majority of African countries.

      PayQin fintech

      As a result, PayQin has formed alliances with telecom providers in order to link with their mobile money systems. Last year, the rapidly growing mobile money business in Sub-Saharan Africa handled $1 billion in transactions each day and earned over $2.4 billion in direct income.

      The objective of PayQin is to enable millions of individuals to send and receive payments online. It accepts both domestic and foreign payments. This promotes commerce, the formation of entrepreneurial initiatives, online work, and the creation of new opportunities in the digital economy.

      PayQin was founded in June 2017 in London by Fabrice Amalaman and Pierre Antoine Sesque. The company’s headquarters will be relocated to Tallinn, Estonia, in March 2020. Around ten people work for the startup. It seeks to assist unbanked individuals in emerging markets, where just 15% of people have a bank account. It focuses on the African market in particular.

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      Embark Veterinary

      Embark Veterinary valued at $700M after $75M Series B

      Weekly Newsletter

      Top Apps This Week

      The-Top-Mobile-App-Trends-to-Watch-for-in-2023-appedus
      Featured

      The Top Mobile App Trends to Watch for in 2023

      by Editorial
      March 2, 2023

      In this article, we will explore the top mobile app...

      Read more
      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      February 22, 2023
      The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

      The Rise of Mobile Payment and Financial Apps

      February 17, 2023
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      Data-Security-Measures-Appedus

      Writing an Effective Privacy Policy for Your Mobile App

      September 21, 2023
      How-to-Handle-Negative-Reviews-of-an-App-A-Comprehensive-Guide-for-Businesses-jpg.webp How-to-Handle-Negative-Reviews-of-an-App-A-Comprehensive-Guide-for-Businesses-appedus

      Best Way to Handle Negative Reviews of an App: A Comprehensive Guide for Businesses

      September 20, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version