Beyonic
Latest round
- Seed
Last raised
- Apr 2016
Total raised
- Undisclosed
Investors
- 2
About Beyonic
Beyonic, Inc.Founded in 2013 in Kampala, Uganda, Beyonic, Inc. operates in the digital payments sector, facilitating access to real-time payments. The company underwent acquisition by MFS Africa Limited in June 2020, with financial terms undisclosed.Beyonic offers a comprehensive digital payments platform that acts as a gateway to a real-time payments network across Africa, enabling access to 1 billion mobile wallets. Their core product focuses on enhancing payment accessibility and interoperability, facilitating cross-border payments, and supporting mobile money wallets. The platform empowers businesses to issue globally accepted prepaid cards and integrates multiple payment options into a single system, addressing payment complexities in the African market.Beyonic generates revenue through transaction fees, partnerships, and service integrations within its digital payments platform. The firm facilitates business transactions by allowing clients to access various payment options tailored to their needs, enhancing customer engagement and driving seamless transactions. For instance, a retailer can utilize Beyonic's services to process payments from consumers via mobile wallets, thereby increasing sales and customer satisfaction while generating transaction fees.Beyonic plans to expand its product offerings and geographic reach following its acquisition by MFS Africa Limited. The company is focusing on developing new digital payment solutions tailored to emerging market needs. With the strategic intent to penetrate additional countries in Sub-Saharan Africa, Beyonic aims to leverage its enhanced resources post-acquisition.
Who invested in Beyonic
2 investors across 1 round
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Funding rounds
Seed
Apr 5, 2016
Amount
Undisclosed
Investors
Questions about Beyonic
Who invested in Beyonic?
Beyonic has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Beyonic raised?
Beyonic has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Beyonic last raise money?
Beyonic's most recent round on record is a Seed, in Apr 2016.
What does Beyonic do?
Beyonic is a financial services company.
Where is Beyonic headquartered?
Beyonic is headquartered in Kampala, Uganda.
Which VCs invest in companies like Beyonic?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at Beyonic's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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