Cellulant

Seamless Digital Payments in Africa

Nairobi, Kenya · Founded 2004 · $47.5M raised

Headquarters
Nairobi
Employees
201–500
Founded
2004
Business Model
B2B
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

Series CSeries CMay 2018
$47.5M

Investors

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