Pesa Acquires Authoripay, Rebrands as Pesapeer Payments to Expand Global Remittance Capabilities

Pesa, (formerly Pesapeer), a Canadian based financial technology company improving the global money transfer, has announced the acquisition of UK-based Authoripay.

AuthoriPay is known for helping fintech startups secure FCA licenses and providing escrow services. It is regulated by the FCA and offers solutions for SEPA payments and central bank digital currency integration.

Now rebranded as Pesapeer Payments, this strategic move advances the fintech mission to create truly borderless global money transfers.

With direct FCA licenses across the UK and EU and Mastercard principal membership, Pesapeer Payments can now issue multi-currency debit and prepaid cards worldwide. These include permissions for money remittance, electronic money issuance, payment initiation, and virtual IBAN services.

Also, this acquisition enhances the company’s ability to deliver seamless, affordable, and instant payment solutions, expanding its reach and introducing competitive services and innovative products for users.

Speaking on the acquisition, CEO and co-founder of Pesa Tolu Osho said,

“This acquisition is a strategic leap forward for us. With these licenses and Mastercard membership, we can now operate with the flexibility and scale of a global financial institution, while continuing to deliver superior remittance and payment products for our users.”

There is still a significant gap between the experience of sending money within the same country and sending money across borders. Pesa believes that sending and receiving money across borders should be as hassle-free as sending money within the same country.

Founded in 2021 by Tolu Osho Yusuf Yakubu, and Adewale Afolabi, Pesa is committed to making global money transfers have that local experience of sending money within the same country, while eliminating the mental gymnastics of figuring out how to get money across borders. In January 2025, the company rebranded to Pesa, updating its logo, mobile app interface, website, typography, and colors while maintaining its core services.

The fintech offers secure, swift and seamless cross-border transactions, so users can stay worry free while they send or receive money abroad without the hefty fees and frustrating processes. Whether supporting loved ones or managing International business transactions, Pesa is on a mission to create opportunity for users to save time, money and simplify their life.

Key Features of Pesa:

Zero-Fee Transfers: Pesa offers free money transfers from Canada, Nigeria, and the UK to over 50 countries, with no hidden fees.

Multi-Currency Wallet: Users can hold and manage multiple currencies (e.g., CAD, NGN, GBP, EUR, INR) and convert them at competitive exchange rates. For freelancers and remote workers navigating the global economy, managing diverse income streams often comes with hidden complexities.

Pesa Multi-Currency account is engineered to transform this challenge into a seamless opportunity, empowering millions to pursue careers that transcend geographical boundaries.

Instant Transfers: Transactions are typically completed in 5 minutes or less, with instant notifications for tracking.

Security: Pesa LLC is registered as a Money Service Business in Canada. The platform uses facial verification, password encryption, and fraud monitoring to ensure safety.

The recent acquisition positions Pesa to compete more effectively in the European remittance market, utilizing AuthoriPay’s regulatory framework and infrastructure. Notably, it supports Pesa’s broader vision to build a borderless financial platform for underserved global citizens and enterprises.

With its newly acquired regulatory foundation in Europe, Pesa intends to offer more competitive pricing, develop new financial products, and deepen compliance across key international markets.