Wallets Africa
Wallets Africa, formerly known as Wallets Africa, is a fintech company based in Lagos, Nigeria, offering a comprehensive web payments operating system and various financial services across multiple regions.
Company History
Wallets Africa, formerly known as Wallets Africa, is a fintech company registered in Nigeria under the name Spring Africa Technologies Limited. It participated in the Y-Combinator batch W19. The company has established its presence in multiple locations including Lagos, San Francisco, London, and Abidjan. Over the years, Wallets Africa has evolved to offer a variety of financial services, blending traditional banking with modern digital solutions.
Services
Wallets Africa provides a comprehensive array of fintech solutions. As an internet banking platform, it allows users to manage their accounts securely and transparently. Services include buying airtime with up to 5% cash back, sending ether, and receiving money through a robust web payments operating system. Additionally, users can send money to both banks and mobile money wallets. The platform promotes savings on airtime purchases and offers significant commissions up to 5%.
Industry
Wallets Africa operates within the fintech industry, specifically in the banking and exchange sub-sector. The company integrates digital assets with FIAT payments to provide innovative financial solutions. By offering wallets as a service, Wallets Africa positions itself at the intersection of technology and finance, catering to modern banking needs across Nigeria and Africa.
Operations and Locations
Headquartered in Lagos, Nigeria, Wallets Africa operates remotely across several regions, including Nigeria and Africa. The company also has a presence in key international markets such as San Francisco, London, and Abidjan. This geographical diversity allows Wallets Africa to cater to a broad customer base and adapt to various financial ecosystems.
Partnerships
Wallets Africa has established strategic partnerships to enhance its service offerings. Key partners include Enterprise Wallet Payments Limited, Fidelity Bank, and Woven Finance. Development support from 7PV has further strengthened its technical capabilities, ensuring a seamless and efficient user experience. These collaborations enable Wallets Africa to maintain a competitive edge in the fintech space.