About Afriex
Afriex is a company based in San Francisco (United States) founded in 2019 by Obirije John. Afriex has raised $11.35 million across 3 funding rounds from investors including Stellar, GoldenTree and DRAGONFLY. Afriex offers products and services including Afriex App and Multi-currency Accounts. Afriex operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
- Total Equity Funding$11.35M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Series A
Apr 2022
- InvestorsStellar
& 16 more
Products & Services of Afriex
Afriex offers a comprehensive portfolio of products and services, including Afriex App and Multi-currency Accounts.
App for instant international money transfers and remittances.
Free accounts for USD, GBP, and EUR to manage international finance.
Apps and channels of Afriex
Afriex publishes 2 mobile apps with over 500K+ downloads; its YouTube channel Afriex has 1.86K subscribers and 30 videos.
Videos from Afriex
The most watched videos on Afriex's YouTube channel, Afriex (1.86K subscribers). Click a video to play it here.
More on Afriex.
Funding Insights of Afriex
Afriex has successfully raised a total of $11.35M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.35M
- Total Rounds 3
- Last Round Series A — $10M
- First Round $150,000
(Aug 2020)
- Investors Count 17
All 3 funding rounds of Afriex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $10M | Series A | – | DRAGONFLY, HSG | |
| Mar 2021 | $1.2M | Seed | – | Launch Africa | |
| Aug 2020 | $150,000 | Seed | – | Y Combinator | – |
17 investors in total: 12 institutional and 5 angel.
Investors in Afriex
Afriex has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Stellar, GoldenTree and DRAGONFLY.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | exceptioncapital.com | - | |
Venture capital and equity principal services are provided by Dragonfly. | 2018 | dragonfly.xyz | Oakland, United States | |
Venture capital and private equity investments are made across technologies. | – | hsgcap.com | Hong Kong, China | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Venture capital investments are directed toward multiple sectors. | – | theopportunityfund.com | Miami, United States | |
Venture capital firm investing in multiple sectors | – | future.africa | Lagos, Nigeria | |
- | – | brightstonevc.com | - | |
Venture capital investments in pre-seed and seed stages, focusing on founders. | – | precursorvc.com | - | |
Venture capital fund focused on tech companies | – | launchafrica.vc | Ebene City, Mauritius | |
Diversified investment management firm | 2000 | goldentree.com | New York, United States |
Investor details for Afriex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Afriex
30 people are tracked at Afriex (5 in leadership, 25 in team).
| Name | Role | Group |
|---|---|---|
Obirije John | Co-Founder & CTO | Leadership |
Eugene Baah | Head of Product | Leadership |
Akunna Okorie | Head of Customer Support | Leadership |
Temitope Alabi | Co-founder & CEO | Leadership |
Oluwapelumi I. Fagade | Head Of Sales Operations | Leadership |
Abayomi Faleye | Customer Support Associate | Team |
Simon Ugorji | Customer Support Associate | Team |
Anjola Fabamwo | Customer Support Associate | Team |
Anna Akharume | Customer Support Associate | Team |
Modupe Abereola | Customer Support Associate | Team |
Emily Mochama | Manager, Financial Crime Risk | Team |
Ugochukwu Collins | Financial Controller | Team |
Chijioke Ndubisi | Product Engineer | Team |
Abdallah Kutembela | Quality Analyst, Customer Support | Team |
Azeezat Sulaiman | Customer Support Associate | Team |
Lydiah Wangechi | Compliance Analyst | Team |
Izuka Ifeanyi | Customer Support Associate | Team |
Maderlaine Shioso | Compliance Analyst | Team |
Seun Shittu | Enterprise Account Executive | Team |
Wahab Mojeed | Customer Support Associate | Team |
10 more people are available in the full profile.
Complete people profiles for Afriex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Afriex
3 dated milestones of Afriex across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Afriex is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Series A, of $10.0M.
Competitors of Afriex
Afriex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| chippercash.com | 2018 | San Francisco, United States | $302.2M | – | Cross-border remittances are enabled for individuals through a mobile wallet. | |
| worldremit.com | 2010 | London, United Kingdom | $623.96M | 263 | Banking channel for cross border money transfers | |
| wave.com | 1996 | Lee, United States | $326.26M | – | Cross-border money transfers are enabled via an app-based wallet. | |
| paysend.com | 2015 | Valletta, Malta | $226.9M | – | Cross-border money transfers are enabled via digital wallet. | |
| taptapsend.com | 2018 | London, United Kingdom | $78.36M | – | Cross-border money transfers are enabled by an app-based digital wallet. | |
| sendwave.com | 2011 | Boston, United States | $13.8M | 339 | Cross-border money transfers are facilitated through a mobile wallet service. | |
| bkash.com | 2011 | Dhaka, Bangladesh | $261M | – | Mobile financial services and payment system for consumers | |
| you.co | 2018 | Singapore | $105.5M | – | NFC-enabled travel cards and wallets are provided for travelers. | |
| lemfi.com | 2020 | Maidstone, United Kingdom | $86.85M | – | Cross-border payments are enabled for sending and receiving money internationally. |
Detailed competitors of Afriex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Afriex
Websites that share an audience with Afriex (afriexapp.com).
Websites whose visitors overlap most with Afriex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
finmasters.com | finmasters.com | 100% | – | #624,342 | – |
| payanywhere.com | 80% | 19K | #1,377,181 | View details | |
| moneytransfers.com | 77% | 99.2K | #441,751 | View details | |
hostmerchantservices.com | hostmerchantservices.com | 72% | – | #514,479 | – |
| talkremit.com | 71% | – | #1,375,584 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Afriex
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Afriex
Complete news archive for Afriex
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Afriex
10 companies that operate in the same segment as Afriex (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Afriex
Afriex was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Afriex is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Afriex is a funded company, having raised a total of $11.35M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Aug 2020.
Afriex was founded in 2019 and is headquartered in San Francisco, United States. The company operates in the fintech sector, providing an app-based digital wallet for cross-border money transfers. Services include sending and receiving funds overseas, making payments, accessing current exchange rates, and utilizing withdrawal options. The application is available on iOS and Android devices for global users.
Afriex's top competitors include Chipper Cash, Taptap Send and WorldRemit.
Afriex offers Afriex App and Multi-currency Accounts.
Afriex has 17 investors. Key investors include Stellar, GoldenTree, DRAGONFLY, Exception Capital, and HSG.
Afriex operates through Afriex, Inc..
Yes. Afriex publishes Afriex: Global Money Transfer and 1 more app, with over 500,000 downloads.