About Beyonic
Beyonic is a company based in Kampala (Uganda) founded in 2011 was acquired by MFS Africa in June 2020. Beyonic has raised $680.66 thousand across 1 funding round from investors including MFS Africa. Beyonic operates in a competitive market with competitors including Flutterwave, PayU, Network International, CyberSource and Wirecard, among others.
- Headquarter Kampala, Uganda
- SectorsFinancial Services
- Email••••••••
- Website beyonic.com
- Social LinkedIn X
- Acquired by MFS Africa (Jun 2020)
- Total Equity Funding$680.66K (USD)
in 1 rounds
- Latest Funding Round$680.66K (USD), Seed
Oct 2015
- Investors
- Acquired byMFS Africa
(Jun 2020)
Funding Insights of Beyonic
Beyonic has successfully raised a total of $680.66K through 1 strategic funding round. The most recent funding activity was a Seed round of $680.66 thousand completed in October 2015. 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 $680,658
- Total Rounds 1
- Last Round Seed — $680,658
- First Round $680,658
(Oct 2015)
All 1 funding rounds of Beyonic 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 |
|---|---|---|---|---|---|
| Oct 2015 | $680,658 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Beyonic
Beyonic has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MFS Africa.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Serves as a mobile money hub facilitating secure cross-border transfers for users worldwide. | 2009 | mfsafrica.com | Accra, Ghana |
Investor details for Beyonic
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 Beyonic
5 people are tracked at Beyonic (5 in team).
| Name | Role | Group |
|---|---|---|
Abdelsalam Shahlol | Frontend Developer | Team |
Tinashe Chinyanga | Senior QA Engineer | Team |
Joseph Odur | Senior Backend Developer | Team |
Stephen Musoke | Tech Lead | Team |
Michael Setriakor | Backend Developer | Team |
Complete people profiles for Beyonic
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Timeline of Beyonic
3 dated milestones of Beyonic across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Beyonic is founded.
- Funding First funding round of $681K.
- Exit Acquired by MFS Africa.
Competitors of Beyonic
Beyonic 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 Flutterwave, PayU, Network International, CyberSource and Wirecard, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| network.ae | 1994 | Dubai, United Arab Emirates | $539M | 1,781 | Network International is recognized as a leading digital payment provider in the Middle East and Africa. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| equiniti.com | 2002 | Lancing, United Kingdom | – | – | Financial technology and payment processing solutions are provided by Equiniti. | |
| unionpayintl.com | 2012 | Shanghai, China | – | – | Mobile and online payment solutions are provided for banks. | |
| kashier.io | 2017 | Giza, Egypt | – | – | Online payment solutions are provided for businesses via various methods. | |
| safecharge.com | 2006 | Ramat Gan, Israel | – | – | Comprehensive payment solutions are provided to online merchants worldwide. |
Detailed competitors of Beyonic
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 Beyonic
The website of Beyonic (beyonic.com) receives about 2K visits a month.
- Monthly visits2K
▲ 37.7% vs previous month
Websites whose visitors overlap most with Beyonic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
saltycrane.com | saltycrane.com | 100% | – | #3,679,094 | – |
| google.com | 83% | 85.8B | #1 | View details |
Latest news on Beyonic
Complete news archive for Beyonic
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 Beyonic
10 companies that operate in the same segment as Beyonic (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 Beyonic
Beyonic was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Beyonic is headquartered in Kampala, Uganda.
Beyonic is a funded company, having raised a total of $680.66K across 1 funding round to date. The company's 1st funding round was a Seed of $680.66K, raised on Oct 2015.
Beyonic was founded in 2011 in Kampala, Uganda, within the fintech sector focused on digital payments. A platform is supplied to businesses for forming partnerships with mobile network operators and digital financial service providers throughout Africa. Acceptance of digital cash from multiple mobile money services is enabled, while payments to employees, aid beneficiaries, and vendors are handled through integrated tools. Operations emphasize cross-border financial transactions in the region.
Beyonic's top competitors include PayU, Flutterwave and Network International.
Beyonic has 1 investor. Key investors include MFS Africa.
Yes. Beyonic was acquired by MFS Africa in June 2020.