Zambian Fintech Startup Union54 Raises USD 12 Mn Seed Extension Round

Zambian card-issuing fintech Union54 has raised USD 12 Mn in a seed extension round led by Tiger Global. Other participating investors in this financing round include existing ones such as Vibe VC and new investors Earl Grey Capital and Packy Mccormick’s Not Boring Capital.

Union54 owns an API that allows software developers to create debit cards without the use of a bank or a third-party processor. The funding will go into building strong engineering, product, and sales teams.