Based in Kenya and Singapore, WapiPay has secured seed funding through the accelerator network Future Hub. That makes it the first African fintech investment in their portfolio. Part of the seed funding came from Chinese investors.
Future Hub is the first Chinese Hub in the African continent and is fully backed by Transsion Holdings. The fund seeks to support promising African entrepreneurs to develop scalable and innovative products that offer homegrown solutions to African problems.
Expansion across Africa
Future Hub receives backing from Gobi Ventures, one of the few venture capital firms with strong a strong grassroots network across Hong Kong, China, and the ASEAN countries. The fund covers over 1.1 billion people. According to Business Today Kenya, the co-founder of WapiPay Eddie Ndichu acknowledged how the funding came at the right time as they scale their investment across the continent.
WapiPay was founded in 2019 and offers platform-to-platform integration covering both virtual and global accounts using technology. The managing partner for Future Hub, Vincent Li, points put how Africa’s bright future will can only be achieved through entrepreneurial startups. He hopes Future Hub will inspire the next big idea.