In recent years, the rapid growth of digital commerce across Africa has transformed cross-border payments and foreign exchange liquidity from mere back-office utilities into vital engines of macroeconomic growth. They decide how fast businesses grow, how much it costs to trade across borders, and whether remittances reach the people who depend on them. Sunfintech wants to make all three faster and fairer across Africa.
To achieve this scale, Sunfintech partnered with Flutterwave. By integrating our established pan-African payment rails, Sunfintech eliminates settlement delays, enables multi-currency capabilities, and builds a robust treasury ecosystem across its expanding markets.
About Sunfintech
Sunfintech is a pan-African payments and treasury company. It gives individuals, diaspora communities, and businesses fast, secure, compliant, and affordable ways to send money and manage foreign exchange across Africa and beyond. Its core services cover retail remittance, cross-border FX brokerage, treasury & liquidity, and compliance and risk advisory.
The Challenge: Fragmented Regional Infrastructure
Africa’s payment infrastructure and financial ecosystem are improving, but still fragmented. Before expanding with Flutterwave, Sunfintech ran into four friction points:
- Limited Reach: Operations were constrained to the Nigerian market, restricting cross-border payment capabilities.
- Slow Settlements: Significant delays in transaction settlements and FX conversions delayed access to liquidity.
- Integration Delays: Bottlenecks in engineering and technical support delayed the deployment of payouts to bank accounts and mobile money wallets.
- Limited Visibility: Insufficient dashboard visibility into sub-account data complicated financial reconciliation and transaction monitoring.
The Solution: One Multi-Currency Ecosystem
Sunfintech leverages Flutterwave’s payment technology infrastructure to clear these blockers and move faster:
- Multicurrency Accounts: Activating multi-currency accounts and settlement capabilities to allow Sunfintech’s customers to move and manage funds across borders easily.
- Competitive Treasury Mechanics: Real-time competitive conversion rates and treasury management services now help Sunfintech manage currency swings and protect value.
- Local Payout Rails: Our reliable local payout capabilities also ensure payments land directly in local bank accounts and popular mobile wallets across Sunfintech’s operating markets.
- Dedicated Support: With a dedicated support system, high uptime, and swift customer resolutions are now guaranteed.
Together, this covers payouts, settlement, trade-related transactions, and treasury, and it sets Sunfintech up to scale across the 11 markets they serve in Africa.
Scale Your Payments with Flutterwave
Whether you need to streamline collections, payouts, treasury operations, stablecoins, or business banking, Flutterwave provides the reliable, pan-African infrastructure to power your growth.
If you are ready to get started, send us a message, and let’s explore how we can make your Africa expansion seamless.