Cellulant
Seamless Digital Payments in Africa
Nairobi, Kenya · Founded 2004 · $47.5M raised
- Headquarters
- Nairobi
- Employees
- 201–500
- Founded
- 2004
- Business Model
- B2B
- Website
- cellulant.io
- Total Funding
- $47.5M
- Last Round
- $47.5M Series CMay 2018
- Rounds
- 1
About
Cellulant is a leading Pan-African payments company providing locally relevant and alternative payment methods for global, regional, and local merchants. Its Tingg platform provides a single digital payments access point addressing complex payment needs across Africa, processing over 1 million transactions daily. The platform connects thousands of businesses with 154 payment options across 35 countries and facilitates cross-border payments, mobile money disbursements, airtime payments, and bank transfers. Founded in 2004 by Ken Njoroge and Bolaji Akinboro, Cellulant has office presence in 18 African countries. The company closed a $47.5M Series C in 2018, which was the largest amount ever raised by a fintech entity in Africa at the time.
Summary
Cellulant is a Financial Services company based in Nairobi, Kenya, founded in 2004. It has raised $47.5M in total across 1 round, most recently a $47.5M Series C round in May 2018. Investors include The Rise Fund and Endeavor.
Tech & App Stack
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Funding History
May 2018
Investors
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