API-based Startup That Connects African Businesses Raises $2.1M

African technology startup, Theeper, known for creating technology for businesses to support fast, direct, and efficient transactions, has raised $2.1M in seed funding. The funding round, which Raba Partnership led, included VC fintech company Rali_cap Ventures, BYLD, and leading African fintech Chipper Cash and Stitch.

Theeper, co-founded by Kosisochukwu Chike Ononye and Michael’ Trojan’ Okoh in 2021, is located at the crossroads of data and finance. They work directly with businesses to address the difficulty of transferring money from one fintech wallet to another fintech. According to Theeper, its API systems provide an alternative network where fintech companies can embed various products into their applications or websites, to make it easier for customers to move their money.

“I made a purchase from a vendor and couldn’t pay after using several apps, and I couldn’t move money from one wallet that had cash to another,” said Chike Ononye, Co-founder of Theeper, in an interview with TechCrunch.

“Our goal is to make it possible to connect and make payments from any wallet. In addition, we are building an operating system so that businesses can offer more services to their customers.” 

 Theeper’s programs, Send, Direct Charge, and Checkout, allow customers of businesses to send money to each other instantly using emails or usernames. In addition, the products enable consumers to pay for items online from any store that accepts payment via Keeper.

The API-based startup aims to roll out more features and wallets in other currencies and hopes to hire more people to invest in product development. However, their focus remains on product innovation and providing a service to their customers working and operating in different regions.

Kumba Kpakima

Kumba Kpamika is a tech reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.