Fincra
Fincra is a payment infrastructure provider that enables businesses to process online and offline transactions and cross-border payments across Africa.
- Founded
- 2019
- Headquarters
- Toronto, Ontario, Canada
- Employees
- 95
- Sector
- Financial Services
About Fincra
Founded in Toronto and with a significant operations hub in Nigeria, Fincra provides the technical rails for integrated financial services across the African continent. The company specializes in API-first infrastructure that allows businesses to manage pay-ins, payouts, and multi-currency accounts without building their own complex backend systems.
The firm serves a diverse range of industries including e-commerce, logistics, betting, and licensed remittance platforms. By securing critical regulatory licenses in major markets like South Africa and Tanzania, Fincra facilitates real-time clearing and electronic funds transfers, helping global and local enterprises navigate the complexities of African cross-border finance.
What they do
Fincra provides a suite of APIs and payment solutions that allow businesses to collect payments, make payouts, and access FX services. These tools support multiple channels including card payments, mobile money, and virtual multi-currency accounts.
Highlights
- Processed over $10 billion in transactions since 2023.
- Secured a Third Party Payment Provider (TPPP) licence from the South African Reserve Bank.
- Obtained a Payment System Provider license from the Bank of Tanzania to operate in East Africa.
- Maintains a distributed workforce across 8 countries including Nigeria, Kenya, and Ghana.
- Powers digital payments for major clients such as LemFi, OneLiquidity, and Cleva.
Talent and hiring
Fincra hires across technical and commercial functions in Africa, with a large concentration of staff in Nigeria. Specific roles include engineering, sales, transaction processing, and account management.
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