Ivorypay
Crypto payment gateway that enables businesses to get paid in stable cryptocurrency.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Early VC | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Ivorypay operates as a blockchain-based payment gateway specifically addressing the financial landscape of Africa. Founded in 2022 by CEO Oluwatobi Ajayi and COO Opeyemi Akinremi, the company aims to resolve the challenges businesses face with costly cross-border transactions and foreign exchange restrictions. The platform is engineered to empower businesses to accept, transact, and settle payments in stablecoins, mitigating the volatility often associated with cryptocurrencies. This approach targets the growing base of crypto adopters in Africa by providing practical spending use cases for their digital assets.
Operating in Nigeria, Ghana, Kenya, and South Africa, Ivorypay serves a range of clients from small and medium-sized enterprises (SMEs) to larger businesses, including those in social commerce. The company's business model centers on providing a suite of tools that facilitate seamless crypto payments. Since its inception, the firm has processed over $80 million in transaction volume and onboarded more than 8,000 merchants. Ivorypay has secured seed funding from investors including Crypto Valley VC, Hedera, and Blockchain Founders Fund.
The company's product offering is multifaceted, providing businesses with several ways to integrate crypto payments, such as checkout buttons, payment links, and QR codes for both online and offline stores. A notable feature is the Ivory Storefront, which allows businesses to create a digital presence to showcase products and accept stablecoin payments without needing technical expertise. Beyond its gateway, Ivorypay is developing an ecosystem that includes the Duffle crypto payment app for individuals, Crypto POS terminals, and Crypto ATMs. For developers, Ivorypay provides a collection of APIs to build custom financial products, supporting functionalities like transfers, transaction processing, and recurring payments.
Keywords: crypto payment gateway, stablecoin payments, African fintech, cross-border transactions, blockchain payments, SME payment solutions, digital currency, financial inclusion Africa, payment processing, e-commerce payments, API, recurring payments, digital storefront, Oluwatobi Ajayi, Opeyemi Akinremi, Crypto Valley VC, Hedera, Blockchain Founders Fund, Duffle app, Crypto POS