Finite Pay

Finite Pay International Limited

Finite Pay

Multi-currency accounts for International payments to power Africa's Global ambitions

Nairobi, Kenya

KEN

For-profit, including B-Corp or similar models

Africa has incredible potential, with $300 billion flowing across its borders each year. However, sending or receiving money across these borders comes with some of the highest remittance costs in the world, averaging nearly 8%, while the global average is around 5%. Payments can take days or even weeks to process, which can really mess with cash flow. Even businesses that manage to work with banks often find the process slow, manual, and filled with hidden fees. Think about a small entrepreneur or freelancer who misses out on opportunities and profits because their money is stuck in a system that seems to be designed to exclude you. This isn’t just a business issue; it’s a social one. The cross-border payment system in Africa is broken, and establishing a solid foundation is crucial for driving economic growth on the continent. That’s why we’re creating a digital-first platform that offers multi-currency accounts, virtual cards, and foreign exchange services that are quick, affordable, and specifically designed to meet the needs of every African.

Africa stands on the verge of an economic transformation reminiscent of the U.S. 150 years ago. With a youthful demographic, rich natural resources, and expanding infrastructure, the continent offers unmatched opportunities. Fintech is set to be the catalyst for Africa’s evolution, facilitating smooth transactions, enhancing financial inclusion, and boosting cross-border commerce. Finite Pay supports freelancers and businesses by offering multi-currency accounts, instant payment solutions, and attractive exchange rates. Picture invoicing clients in Europe in euros, receiving payments instantly, and utilizing a virtual card for online purchases, all without the hassle of intermediaries or delays. With a population of 1.3 billion across 55 nations, Africa's economic potential is staggering. Nigeria, for instance, boasts over 200 million residents, with a median age of just 17. As this vibrant youth enters the job market, their demand for financial services, housing, healthcare, and transportation will create significant investment opportunities. By leveraging technology and innovation, the continent is poised to drive worldwide economic growth in the years ahead. For those who recognize the data and comprehend the underlying trends, now is the perfect moment to invest in Africa’s promising future. Fintech is establishing the groundwork for the next billion Africans to flourish.

We focus on helping African entrepreneurs, freelancers, small and medium businesses, and individuals involved in cross-border trade, groups that often get overlooked by traditional banks. A lot of people in our target audience deal with high remittance fees, slow processing times, and limited access to effective financial services, which makes it tough for them to grow and engage in the global market. With a young and rapidly expanding workforce, especially in areas where the average age is just 17–19, these individuals are ready to make economic strides but lack the financial support they need to seize new opportunities. Our solution tackles these issues head-on by providing a digital-first platform that offers multi-currency accounts, great foreign exchange rates, and instant, secure international payments. This allows users to easily transact in different currencies, cutting costs and boosting cash flow. Freelancers can send invoices and receive payments in foreign currencies without any holdups, while businesses can count on reliable liquidity to grow their operations. Essentially, Finite Pay helps its users break through financial obstacles, promoting economic inclusion and encouraging sustainable growth throughout Africa.