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Total Funding$100k

Recent News about Paychant Ltd.

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Paychant is a pioneering fintech startup focused on bridging the gap between traditional finance and the emerging world of decentralized finance (Web3) in Africa. The company offers a robust payment infrastructure that facilitates the conversion between fiat currency (traditional money) and cryptocurrencies. This service is particularly tailored for digital wallets and decentralized applications (dApps), enabling users to buy or sell digital assets seamlessly using Africa's traditional payment methods. Paychant supports over 100 local banks and 10 mobile money wallets across the continent, making it a versatile solution for a wide range of financial transactions.

The company primarily serves developers and businesses that require an easy-to-integrate payment solution. Its well-documented API (Application Programming Interface) allows for quick and straightforward integration, often taking less than five minutes. This makes it an attractive option for companies looking to offer crypto services without the hassle of developing their own infrastructure.

Paychant operates in the rapidly growing African fintech market, which is characterized by a high adoption rate of mobile money and increasing interest in cryptocurrencies. The company’s business model revolves around providing API access to its payment infrastructure, for which it charges fees. These fees can be transaction-based or subscription-based, depending on the client's needs.

One of Paychant's significant milestones is its partnership with Opera, a well-known web browser company. This collaboration has enabled Opera MiniPay’s 150 million users to effortlessly convert their Stablecoin Celo Dollar (cUSD) into fiat currency via mobile money and bank transfers. This partnership not only expands Paychant's user base but also solidifies its position as a leading fiat on and off-ramp provider in Africa.

In summary, Paychant is making significant strides in making crypto and Web3 more accessible in Africa by providing a reliable and user-friendly payment infrastructure.

Keywords: fintech, Africa, cryptocurrency, fiat, payment infrastructure, API, mobile money, decentralized finance, digital wallets, Opera partnership.

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