Nairobi, Aug. 10 -- Wapi Pay, a Kenyan digital payments start-up, has set sights on a share of more than Sh600 billion trade between Kenya and Asian countries such as China and India after a successful cash call.
The fintech start-up, co-founded in 2019 by twins Eddie and Paul Ndichu, last week announced it had raised Sh239.36 million ($2.2 million) from venture capitals, led by MSA Capital of China.
The firm, which is licensed in Singapore, has set up a cross-border payment platform it says will enable traders in Africa pay suppliers in key Asian markets such as China, India directly from bank accounts or mobile money wallets.
It, however, requires the go-ahead from the Central Bank of Kenya to start operations in Kenya under the Money ...