Fintech firm eyes reduced Africa, Asia payment fees

Man using smartphone and digital icon. PHOTO | POOL

Kenyan fintech company Wapi Pay has raised Sh220 million ($2.2 Million) in pre-seed funding to scale up global payments and remittances between Africa and Asia.

The investment was led by China-based global fund MSA Capital, who have invested in domestic Asian unicorns such as Meituan and NIO, and international unicorns such as Nubank and Klarna.

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