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Thepeer raises $2.1 million to connect businesses

As more African startups spring up to solve the myriad of problems on the continent, the issue of interoperability emerges. Fintech users, for example, want to complete transactions seamlessly without cycling through numerous options, and Thepeer believes it can solve that.

Today, the startup announces its seed round of $2.1 million, led by the Raba Partnership, an early investor in Flutterwave and Stitch. In addition to Raba Partnership, Rallycap, Timon Capital, BYLD Ventures, Sunu, Musha Ventures, and Uncovered Fund invested in this round, while African fintechs Chipper Cash, and Stitch also participated.

Sharing why they invested in the one-year-old startup, George Rzepecki, founder of Raba Partnership, said, “The opportunity that Thepeer is addressing reminded us of the fragmented card and mobile money payments landscape Flutterwave identified six years ago.

“Today, with the proliferation of consumer and B2B fintechs across Africa, Thepeer is building a foundational API-based payments layer where fintechs can enable money movement natively from within their respective wallets and apps.  We are incredibly excited to support this ambitious team building a next-generation network.”

Kosisochukwu Chike Ononye (Co-Founder and CEO) and Michael ‘Trojan’ Okoh (Co-Founder and CTO) founded Thepeer in 2021 to enable businesses to share information via an API after they realised that they could not send money between fintech wallets.

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