Fincra, a payment platform that offers solutions for online and offline payments, has secures a provider license in South Africa, in collaboration with Nedbank.
This significant milestone strengthens the company’s presence in Southern Africa, bringing it closer to realizing its mission of building the railed for an integrated Africa.
Speaking on the milestone Ayowole Ayodele, CEO and Co-founder of Fincra.
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“Securing the TPPP licence in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa. It reinforces our commitment to building compliant, reliable infrastructure that powers cross-border trade at scale. We’re excited about the opportunities this opens for businesses across the continent.”
With this license, Fincra is now officially authorised to process the following;
- Credit Card payments
- Debit Card payments
- EFT (Electronic Funds Transfer) Credits
- Real-Time Clearing (RTC)
- Rapid Payments
This license reinforces Fincra’s ability to facilitate seamless, secure, and compliant financial transactions for businesses operating within and across South Africa.
Moreover, with this, the fintech is now able to integrate directly with South Africa’s core payment systems and banks. This gives businesses using its infrastructure faster settlement times, greater reliability, and the assurance of full compliance with South Africa’s regulatory standards.
Notably, Fincra’s clients including e-commerce platforms, logistics providers, B2B marketplaces, and travel companies, will be able to access faster settlements, greater reliability, and full compliance with South Africa’s stringent financial regulations.
Founded in 2021, Fincra is a payment solutions provider that enables secure, efficient, and seamless financial transactions within Africa and beyond.
The company’s journey began with a passion for solving the challenges of payments in Africa. It has since expanded our offerings into a full suite of APIs and innovative solutions that allow businesses to scale and developers to create the next wave of financial products.
The fintech solutions empower businesses to collect payments, make payouts, and access FX and other financial services.
Its APIs also allow fintechs to build and scale cross-border payment solutions. Its clients are from multiple industries, including financial institutions, FMCGs, e-commerce, logistics, manufacturing, and large corporations. They include Lemfi, Raenest, Verto, and 1XBet.
In 2023, Fincra secured a payment service solution provider (PSSP) licence from Nigeria’s Central Bank. The company operates in Ghana, Kenya, South Africa, Uganda, the United Kingdom, Europe, and North America. Fincra supports transactions in over 30 different currencies across 150 countries.
In February 2025, the fintech launched the Afincran initiative to unite and empower innovators, entrepreneurs, and builders across Africa. This launch follows its recent transformation, which included redefining its mission- “Building the rails for an integrated Africa”- and our vision, “to bring hope and liberation to every African,” underscoring Fincra’s commitment to driving continental progress through financial connectivity.
The company noted that the Afincran movement represents more than a corporate initiative; it’s a call to action for Africa’s change-makers. The initiative seeks to create a network of visionaries across diverse sectors—from payments and agriculture to healthcare, education, technology, arts, and sports—all working together to reshape Africa’s future.
By providing the tools to transact across Africa and connect to the global ecosystem, Fincra unlocking endless opportunities for businesses of all sizes.