A person displays a bundle of cash on a busy city street, highlighting economic challenges and informal transactions in Africa.
While many African fintechs struggle to scale, Blaaiz, a cross-border payment and remittance platform, is successfully capitalizing on a promising niche. “Every time I traveled, both within and outside Africa, I realized there were few trusted providers for moving money across African currencies or from stronger currencies to African ones,” says Ifelade Ayodele, CEO and Founder. Within five months of operation, the early-stage startup secured $1.5 million in funding to address the unique opportunities presented by intra-continental remittances.