Chromepay Overview
Chromepay serves as Africa's gateway to financial and digital inclusion by providing transaction-linked digital IDs that enable financial institutions to seamlessly onboard and verify customers, granting them access to financial services. Through agency banking, Chromepay strives to decrease the number of financially neglected individuals by providing authentication and access to financial services. It is Chromepay's mission to see a rise in financial inclusion for over half a billion Africans without trusted forms of identity residing below the poverty line.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
8200 Impact's 7th cycle kicks off with a slew of new startups
8200 Impact, an accelerator program for startups solving social problems, has opened its seventh cycle. 12 startups will participate in a five-month program that includes workshops, events, and meetups. The program has established new tracks in Healthtech and 8200Bio. The 12 participating companies cover various areas such as personalized digital platforms, energy management, wearable personal assistants, financial platforms, learning systems, and more. 8200 Impact is supported by various partners and has raised over $58 million for its alumni companies, creating over 170 jobs.
PartnersInvestment
growth-positive
14 Startups Selected For CATAPULT: Inclusion Africa's 2021 Digital Bootcamp - Silicon Luxembourg
Luxembourgs LHoFT Foundation is hosting the digital edition of CATAPULT: Inclusion Africa, a program that supports African fintech startups. The program aims to promote financial inclusion and empower disenfranchised groups in Africa. Despite the economic challenges caused by the pandemic, African fintech has experienced significant growth, with VC funding increasing by 51% in 2020. The selected startups will receive mentoring, coaching, and workshops to help them achieve their long-term goals. The program is supported by the Ministry of Foreign & European Directorate for Development and Humanitarian Affairs and the Alliance for Financial Inclusion. The startups participating in this years edition include Emata, Moja Bank, Awabah, Mosabi, Mipango, Igugu Global, Chromepay, Nokwary Technologies, Kotani Pay, Juakali, RePay Africa, Crop2Cash, Asilimia France, and Vooli Insurtech.
Investment
growth-positive
Foreign Trade Administration - Ministry of Economy & Industry on LinkedIn: מסע היזמות של פרוייקט 'טוב' יוצא לדרך ! השבוע יצאו 10 חברות ישראליות
The article discusses the entrepreneurial journey of Project Tov, which aims to provide Israeli technology solutions to small farmers in developing markets. The project is led by the Ministry of Economy and Industry in partnership with the international organization JDC (The Joint). Ten Israeli companies specializing in digital solutions for small farmers will embark on a virtual entrepreneurship journey to Ethiopia, where they will meet with local stakeholders such as banks, organizations, and private companies to prepare for market entry. The Ministry of Economy and Industry is committed to assisting Israeli entrepreneurs in penetrating developing markets and providing advanced technology and knowledge to remote areas and those in need.
PartnersCustomers
growth-positive
Innovation Journey to Ethiopia website
JDC-TOV, in partnership with JDC-TOV and the Israeli Ministry of Economy and Industry, has initiated the TOV Innovation Journey. The program aims to educate participating companies about the Ethiopian agriculture sector and the life of smallholder farmers. The companies will adapt their value proposition to the Ethiopian market and explore partnerships with organizations, companies, and government institutions in Ethiopia. Some of the participating companies include Oko, Saillog, RapidFarm, AKOLogic, ChromePay, SupPlant, PickApp, and Agrifriend. The Innovation Journey is funded by the Ministry of Economy and Industry of Israel and organized in partnership with the Pears Program.
Partners
growth-positive
Chromepay launches pay solution app in Africa
Chromepay has launched its pay solution app in Africa, starting with Nigeria, allowing users to receive and make payments by scanning a QR Code. The app includes features such as a marketplace for merchants to advertise products, a QR code scanner for receiving payments, and a bulk payment feature. The CEO mentioned that the app will change the way churches, mosques, NGOs, and businesses receive funds. Chromepay is leading the way towards a cashless society and is partnering with a local advertising agency to promote cashless transactions. The app also offers P2P transfers and bulk payments for employee salaries and expenses.
CustomersPartners
| Sector | Fintech & Insurtech |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Pre-Seed |
| Rounds | 1 |
| Investors | 0 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | www.chromepay.io |
| Google Play | Google Play |
Locations
Hadar Street 25, Herzliya, Israel
3rd Floor, Africa Reinsurance Building, Plot 1679 Karimu Kotun Street, Victoria Island, Lagos, Nigeria, 101241.
Sunset Lake Road, Newark, DE, USA
Photos & Videos
5 item(s)
