Afriex Analysis
What is Afriex?
Afriex is a money-transfer platform enabling instant and affordable international transfers, primarily to Africa and Asia.
Employees
55
Founded
2019
Revenue
$5-13.7M
Product Features & Capabilities
- International money transfers, multi-currency accounts, low-fee transfers, instant transactions, secure transactions, 24/7 customer support, user-friendly app, recurring transfers, educational resources on security.
Pricing
- No fees for transfers.
- Best exchange rates when sending to Africa and Asia.
Who are the founders of Afriex
TA
Tope Alabi
Founder
JO
John Obirije
Co-Founder & CTO
Business Model
Low-cost money transfers with transaction fees and partnerships for financial services revenue.
Market Focus
Afriex primarily focuses on the financial technology industry, specifically in the market of money transfers and remittances, allowing users to make instant and affordable money transfers to various countries, particularly in Africa and Asia.
Competitors Overview
Afriex operates in a competitive market for money transfer services, particularly focused on Africa and Asia. Its main competitors include:
- Chipper Cash: A financial technology company that specializes in cross-border payments within Africa. Chipper Cash offers a user-friendly app for sendin
Investors
- Afriex has raised funding from various investors, including:
- Y Combinator: Participated in the seed funding round.
- Soma Ventures: Involved in the Series A funding.
- Kepple Africa Ventures: Also participated in the Series A funding.
- Sparrow Ventures: Contributed to th
See something that needs updating? Suggest edits to this profile.