Growth funding to support Kappa Pay’s expansion, strengthen banking partnerships and scale payment infrastructure across the continent.
Kappa Pay, a cross-border payments platform supporting businesses across sub-Saharan Africa, has secured $20M in growth funding from a European venture fund to accelerate its next phase of expansion.
African businesses import more than $700 billion worth of goods and services each year, yet paying international suppliers remains a persistent challenge. Companies are often forced to rely on slow, expensive international wires with unpredictable settlement times, or informal parallel market intermediaries that carry significant liquidity and counterparty risk.
Kappa Pay addresses this structural gap by providing SMEs and larger enterprises with a regulated, technology enabled platform for cross-border payments. By offering faster settlement, transparent pricing and access to global liquidity, the platform enables businesses to manage working capital more effectively, build credibility with international suppliers and expand their trading activity.
The company operates within a large and materially underserved B2B payments market, with significant unmet demand across sub-Saharan Africa. This investment will fuel Kappa Pay’s next phase of growth, providing working capital to meet increasing demand, expanding partnerships with global financial institutions and further developing its payment infrastructure across key African markets.
The raise marks a significant milestone for Kappa Pay and reflects growing international confidence in Central and West Africa’s emergence as a destination for serious investment.
Blaise Buma, CEO at Kappa Pay, comments: “This funding reflects growing international confidence in Central and West Africa’s emergence as a destination for serious investment. It reinforces what we believe: that building regulated, institutional-grade cross-border payment infrastructure in close partnership with central banks and banking partners is how Africa accelerates its integration into global trade. The capital will allow us to deepen our institutional partnerships, scale our compliance and technology infrastructure, and continue delivering faster, more transparent, and fully compliant payment solutions for the businesses we serve.”
About Kappa Pay
Kappa Pay is a regulated cross-border payments platform enabling real-time payments and powering African SME growth. The company provides SMEs and larger enterprises across sub-Saharan Africa with faster settlement, transparent pricing and access to global liquidity.
Media contact
2eme Etage, Immeuble Paul, Rue Tokoto, Bonapriso, Douala, Cameroon
Email: info@kappapay.com
Tel: +237-6-76-37-61-11
