South African fintech Lumepay has disclosed a $6 million pre-seed round backed by founder-led angels and South African fintech investors. The round closed at the start of 2026, and the company also secured approximately $10 million in capital float to provide liquidity for clients.
Lumepay’s product launches and market coverage
In April 2026 Lumepay launched Lumetrade, a service that lets clients buy and sell digital assets and stablecoins. The company followed in June with a cross-border payments platform aimed at businesses across Africa. Both offerings are live in Nigeria, Ghana, Tanzania, Malawi, Mozambique and Kenya, as well as in the West African and Central African CFA franc zones. Lumepay is awaiting further regulatory approvals in these markets to expand their payment capabilities.
CEO on rails, liquidity and growth
Harry Huang, chief executive officer of Lumepay, said: “The future of cross-border payments isn’t traditional finance or stablecoins; it’s a combination of both, backed by the FX depth to make them work for real businesses. That’s how we’ve built Lumepay: a rail-agnostic platform that works at the intersection between the two. Everything we design, build and operationalise is centred on one mission: to be the end-to-end solution African businesses trust to move money across borders reliably, at competitive pricing and with the service standards business clients expect.”
Huang added: “Our integrated approach addresses the real drivers of friction: fragmentation, liquidity inefficiency and execution risk. When businesses can move money reliably and cost-effectively, they stop managing constraints and start unlocking growth.”
