Partna Analysis
What is Partna?
Partna provides payment infrastructure for Africa using stablecoins as the settlement layer. The company collects, converts, and settles payments between African currencies and USD or stablecoins. Its website shows use by crypto apps, fintechs, neobanks, and other businesses operating across Africa.
Location
Victoria Bay 1 Annex, Orchid Road, Lekki, Lagos, Nigeria
Employees
1-10
Founded
2021
Revenue
$1.5M
Company Stage
Pre-Seed
YC Batch
W22
Product Features & Capabilities
- Payments API, B2B payments & FX, local currency collection and payout, USD holding and conversion, easy integration, world-class documentation, best-in-class support, 99% transaction success.
Market Focus
Partna primarily focuses on the financial technology (fintech) industry, specifically as a global payments partner for Africa, providing API and B2B payment tools for companies operating in the region.
Investors
- Y Combinator
- Allegory Capital
- Angel Touch Holdings
- 9 other investors participated in the latest funding round.
Competitors Overview
Partna's main competitors in the B2B payments market in Africa include:
-
Klasha: Specializes in cross-border payment solutions for emerging markets, enabling businesses to accept online payments and manage multi-currency accounts. It offers virtual USD cards and embedded payment infrastructure, primarily serving businesses in Africa.
-
Yellow Card: Operates in the digital currency exchange and financial services sector, providing a platform for buying and selling cryptocurrencies, including Stablecoins.
-
AzamPay: Develops online payment management solutions tailored for East African companies, streamlining payment and collection processes with integration into existing accounting systems.
-
Kappa: Focuses on empowering African businesses with services that facilitate sending and receiving payments.
-
VantagePay: Provides white-label payment solutions to businesses in Africa, primarily serving clients in the financial sector.
-
Plumter: Offers payment processing and financial technology solutions, including multi-currency transactions and secure payment transmission.
-
Wallets Africa (now known as Spring in Africa): Provides modern digital wallet services for seamless money management.
-
Payhive: Specializes in multicurrency transactions and offers tools for managing funds, including virtual debit cards and international money transfers.
Notable differences include Klasha's emphasis on virtual USD cards and embedded infrastructure, while AzamPay focuses on integration with accounting systems. CashEx offers unique banking solutions like free US accounts, and Payhive provides a comprehensive suite of financial tools for both individuals and businesses.
See something that needs updating? Suggest edits to this profile.