Deal Street

African Startup Funding Tracker

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Fintech Startup Thepeer Secures USD 2 Mn Seed Fund
Fintech Startup Thepeer Secures USD 2 Mn Seed Fund

Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has secured a USD 2.1 Mn seed fund in a round led by the Raba Partnership. Other investors joining the round include Rallycap, BYLD Ventures, Timon Capital, Musha Ventures, Sunu, and Uncovered Fund, as well as leading African fintechs Chipper Cash and Stitch.

Thepeer is an API infrastructure company focused on solving this problem and building an alternative money movement network between fintechs, consumers, and businesses. It offers three products that fintechs and businesses can embed into their applications/websites; Direct Charge allows customers to fund their wallets from other businesses; Send allows customers to send money to each other instantly, and Checkout allows customers to pay for items online from any store that accepts payment via Thepeer.