About
Elevate Your Wealth Journey
Afriex delivers a seamless, fast, and delightful payment experience centered on people. As a close-knit family of customers and team members, Afriex redefines traditional banking alternatives, making financial services accessible and wealth creation universal for all. Their innovative approach simplifies payments while promoting inclusivity and empowerment in finance.
Use Cases
Fast International Money Transfers
Send money across borders instantly and affordably with competitive exchangerates and low fees.
Global Multi-Currency Accounts
Open USD, GBP, or EUR accounts to receive international payments locally and manage multiple currencies.
Virtual Debit Cards for Online Payments
Use instant-issue virtual cards for secure online transactions and subscriptionmanagement globally.
Business Cross-Border Payment Solutions
Support businesses in managing seamless, compliant international payments to clients and employees.
Key Features
Blockchain and Stablecoin Utilization
- Afriex enables instant, low-fee remittances to over 25 countries by leveraging blockchain technology and stablecoins.
- The platform allows users to send money directly to bank accounts or otherAfriex users, offering competitive exchange rates through a user-friendly mobile app.
- Afriex utilizes stablecoins to facilitate money transfers, making transactionsfaster and cheaper than traditional methods like wire transfers.
- The company processes over $5 million in monthly transfers and has experienceda 500% growth in its customer base over six months.
- Afriex is developing a Web3 mesh of financial institutions, aiming to create anetwork similar to Visa, and is exploring the launch of its own stablecoin.
Security and Compliance
- Afriex employs end-to-end encryption for all transactions, ensuring bank-gradesecurity.
- The company is ISO 27001 certified, demonstrating its commitment to maintaining high standards of information security.
- Afriex is PCI DSS compliant, ensuring the security of payment card data.
- The platform uses two-factor authentication to verify customer accounts,enhancing security.
- Afriex is registered with FinCEN as a Money Service Business (MSB) and islicensed by the Central Bank of Nigeria (CBN) as an International Money TransferOperator.
Founder
Tope Alabi
Founder
Obirije John
Headquarters
🇺🇸 Oakland, CA
Website
afriex.com
5M
monthly transfer volume
500%
customer base growth in 6 months
Key Investors
Agora
Baby Shark Universe BSU
Billions Network
Circle
Dragonfly Capital Partners
Exceptional Capital
Launch Africa Ventures
Precursor Ventures
Sequoia Capital
Stellar Development Foundation
Variant
Y Combinator