Union54
Union54, based in Lusaka, Zambia, is a fintech company specializing in card issuing APIs for African markets, facilitating the issuance of millions of debit cards across the continent.
Services
Union54 offers a comprehensive range of services designed for the African fintech market. These include a Card Issuing API that provides both virtual and physical debit card options. Their API supports a multicurrency ledger and card management platform, allowing fintech companies to issue cards without needing a bank partner or processor. The service operates on a simple SaaS pricing model with no setup fees and no lengthy contracts. The pricing structure includes monthly fees, settlement fees, fees per virtual card, processing fees, chargeback handling fees, and fees per physical card. Additionally, Union54's API shares interchange earnings with clients.
Industry and Market
Union54 operates within the fintech industry, focusing specifically on card issuing solutions. The company serves financial technology companies across Africa, helping them issue millions of debit cards. These cards have been utilized for hundreds of millions of dollars in transactions across diverse merchants and industries. Union54's services have enabled fintech customers to generate millions of dollars in revenue, reflecting its significant impact on the African fintech landscape.
Products
Union54's primary product is a Card Issuing API, available for both virtual and physical debit cards. This API supports a multicurrency ledger and a robust card management platform, allowing for seamless card issuance without the need for a traditional banking partner or processor. The product is designed to facilitate financial technology companies in Africa, providing a developer-first solution for card issuing. Additional product features include simple SaaS pricing models and the ability to share interchange earnings with clients.
History and Background
Union54 was part of the Y-Combinator S21 batch, marking its recognition and support from one of the most prestigious startup accelerators globally. The company is based in Lusaka, Lusaka Province, Zambia, and operates with a team of nine members. Union54 has developed several tools designed to advance commerce across Africa. The company has issued millions of debit cards to consumers in nearly every country on the continent, demonstrating its extensive reach and influence.