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.
- Headquarter San Francisco, United States
- Founders Obirije John
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Afriex, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$11.35 M (USD)
in 3 rounds
-
Latest Funding Round
$10 M (USD), Series A
Apr 25, 2022
-
Investors
Stellar
& 16 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Afriex
Afriex offers a comprehensive portfolio of products and services, including Afriex App and Multi-currency Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for instant international money transfers and remittances.
Free accounts for USD, GBP, and EUR to manage international finance.
Unlock access to complete
Unlock access to complete
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 Total Funding
- Total Rounds 3
- Last Round Series A — $10.0M
-
First Round
First Round
(25 Aug 2020)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Afriex | Valuation | DRAGONFLY , HSG | |
| Mar, 2021 | Amount | Seed - Afriex | Valuation | Launch Africa | |
| Aug, 2020 | Amount | Seed - Afriex | Valuation | Y Combinator |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Venture capital and equity principal services are provided by Dragonfly.
|
Founded Year | Domain | Location | |
|
Venture capital and private equity investments are made across technologies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Afriex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Afriex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afriex Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
|
|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
|
|
| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
|
|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via an app-based wallet.
|
|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via digital wallet.
|
|
| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by an app-based digital wallet.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Afriex
Frequently Asked Questions about Afriex
When was Afriex founded?
Afriex was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Afriex located?
Afriex is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Afriex a funded company?
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 25, 2020.
What does Afriex do?
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.
Who are the top competitors of Afriex?
Afriex's top competitors include Chipper Cash, Taptap Send and WorldRemit.
What products or services does Afriex offer?
Afriex offers Afriex App and Multi-currency Accounts.
Who are Afriex's investors?
Afriex has 17 investors. Key investors include Stellar, GoldenTree, DRAGONFLY, Exception Capital, and HSG.