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§ Private Profile · 20-22 Wenlock Road, Londres, N1 7GU, GB
PayQin is a technology company.
PayQin provides an electronic wallet with a virtual debit card, tailored for emerging markets. Users fund these cards with local payment methods, including mobile money, to make global online purchases. This service directly connects local financial infrastructure with international digital commerce for underserved populations.
Founded in 2017 by Fabrice Amalaman and Pierre-Antoine Sesque, PayQin addressed a critical observation: widespread local mobile money use contrasted with inaccessible international online transactions. The founders aimed to bridge this gap, establishing a direct pathway for global e-commerce participation.
PayQin serves unbanked and underbanked individuals and businesses in emerging countries, integrating them into the digital economy. Its vision is to foster financial inclusion by simplifying cross-border payments and expanding online accessibility, unlocking new economic opportunities for these communities.
PayQin has raised $1.5M across 3 funding rounds.
PayQin has raised $1.5M in total across 3 funding rounds.
PayQin has raised $1.5M in total across 3 funding rounds.
PayQin's investors include Fabric Ventures, Outrun Ventures, Speedinvest, Blockchain Founders Fund, Specialist VC, Eerik Oja, Janis Krums, Startup Wise Guys, United Angels VC.
PayQin has raised $1.5M across 3 funding rounds. Most recently, it raised $670K Seed in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $670K Seed | — | Fabric Ventures, Outrun Ventures, Speedinvest | Announced |
| Jul 1, 2021 | $710K Seed | — | Blockchain Founders Fund, Outrun Ventures, Specialist VC, Eerik OJA, Janis Krums, Startup Wise Guys, United Angels VC | Announced |
| Jun 1, 2020 | $150K Seed | — | Specialist VC | Announced |
PayQin is a fintech company offering an electronic wallet solution with virtual and physical debit cards, enabling unbanked individuals in emerging markets—primarily Francophone and West Africa—to make online purchases and cross-border payments using local methods.[1][2][3] It serves underbanked users, e-commerce companies, and small businesses by bridging payment mismatches, providing real-time transactions, ATM withdrawals, contactless payments, and low-fee services certified by PCI/DSS.[1][2] The company, founded in 2017 and based in Tallinn, Estonia, has raised €300K in seed funding and recently integrated with MoneyGram and Stellar for USDC-to-cash ramps, signaling growth in digital asset adoption.[1][5]
PayQin was founded in 2017 by Fabrice Amalaman, who serves as CEO, addressing the gap where Europeans and e-commerce firms struggled to transact with emerging market consumers lacking compatible payment options like mobile money.[1][2] Headquartered in Tallinn, Estonia, with operations linked to Sweden and a focus on Francophone Africa, the company started with 1-10 employees targeting unbanked populations in West Africa.[2][3][4] Early traction included a €300K seed round to expand its e-wallet for cross-border payments, evolving into a suite of secure financial tools amid rising demand for inclusive fintech.[1][5]
PayQin rides the fintech inclusion wave in emerging markets, where mobile money and stablecoins like USDC address the 1.4 billion unbanked globally, fueled by rising e-commerce and remittances.[1][3] Timing aligns with post-2024 crypto regulations and partnerships like MoneyGram/Stellar, accelerating digital asset adoption amid Africa's 50%+ mobile penetration but low banking rates.[1] Market forces—such as Africa's fintech boom (e.g., $5B+ investments) and demand for low-cost cross-border tools—favor PayQin, positioning it to influence ecosystems by enabling merchants to tap underserved consumers and promoting stablecoin ramps for broader financial access.[1][5]
PayQin is poised for expansion through stablecoin integrations and Africa-focused scaling, potentially capturing more of the $100B+ remittance market with partnerships like MoneyGram.[1] Trends like AI-driven fraud prevention, regulatory clarity for wallets, and Web3 remittances will shape its path, evolving it from niche e-wallet to full digital finance hub. Its influence may grow by onboarding millions of unbanked users, reinforcing fintech's role in global inclusion—building directly on its mission to simplify payments for those long excluded.[1][3]