Fintech startup REasy has successfully completed a USD 1.8 million pre-seed funding round, aiming to revolutionize international payments for African small and medium-sized enterprises (SMEs). This funding marks a significant step in easing cross-border trade across the continent, allowing businesses to conduct compliant and instant international transactions, even for amounts below USD 10,000.
The funding round saw participation from prominent investors, including Launch Africa Ventures, 54 Collective, Ingressive Capital, and several international business angels, highlighting the growing confidence in REasy’s mission to modernize Africa’s payment infrastructure.
In collaboration with the Bank of Central African States, REasy has co-designed a pioneering foreign exchange framework tailored for importing SMEs. This system effectively reduces delays and costs associated with cross-border trade by integrating local payment systems like Mobile Money and bank transfers with global methods such as Alipay and UnionPay International. This ensures compliance, traceability, and speed, enabling African entrepreneurs to connect seamlessly with international suppliers.
With thousands of importers already utilizing its platform, REasy plans to use the new funding to expand geographically, enhance technological capabilities, and strengthen regulatory frameworks across key global trade corridors. This milestone underscores REasy’s commitment to building a more transparent and inclusive trade ecosystem in Africa, solidifying its position as a leader in digital finance and international commerce on the continent.
