Capi Money has raised £14m in a Series A round led by Creandum, with participation from Janngo.africa, Y Combinator, Firstminute Capital, 4Cities, The Raba Partnership, Kara Investments, Algorithmic Strategies, Rebel Fund, Maiora, and Pioneer Fund. Founded by Mitch Riley, Scott Liddle, and Tom Watson, the fintech startup provides a platform that enables SMEs in emerging markets to pay international suppliers quickly and affordably.
Its technology eliminates intermediaries, allowing businesses to process cross-border payments of up to €1m within 48 hours, reducing foreign exchange fees and transaction costs. The company has expanded to four African countries and achieved multi-million-dollar revenue within just 13 months.
The new funding will support further expansion across Africa, Latin America, and Asia, positioning Capi Money to scale its international payments platform and capture a share of the €382bn sub-Saharan Africa import market.
