Vepay Launches in Nigeria and Kenya with N26.5 Million Funding
Vepay, a novel cross-border digital payment platform, has officially commenced operations in Nigeria and Kenya, providing individuals and freelancers in both nations with a swift and dependable means to access virtual dollar cards for international transactions. Available on both the Google Play Store and Apple App Store, Vepay aims to solve the challenges Africans face with global payments.
Revolutionizing International Payments for Africans
Founded by Gbenga Agunbiade, Vepay was created to address the existing need for streamlined spending on international platforms, a hurdle many Africans encounter with their local bank cards. Vepay allows users to conveniently fund their wallets using Naira or Kenyan Shillings, convert to USD at favorable exchange rates, and instantly create virtual cards for payments on a range of platforms. These platforms include IHS, SEVIS, IELTS, AWS, Spotify, Google Ads, and Visa fee payments, addressing critical needs for education, professional services, and entertainment. This launch is propelled by a successful initial funding round, securing ₦26.5 million naira.
Vepay’s entry into the Nigerian and Kenyan markets represents a significant step towards democratizing access to international financial services. By offering a user-friendly platform that bypasses the limitations of traditional banking, Vepay is poised to empower individuals and businesses to participate more fully in the global digital economy.
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