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Afriex
AddedFeb 15, 2024
UpdatedJul 1, 2026
Afriex

Afriex

Angel

Afriex: Instant, fee-free global remittances & simple payment solutions.

HQ
Oakland, CA, US
Founded
2019
Accelerator
Y Combinator logoY CombinatorS20
Overview
Compare
Fundraising
Employees
Website

Afriex was founded with the core mission to simplify the process of sending money internationally, particularly for immigrants. The company offers instant, fee-free remittances to over seven countries, aiming to provide a seamless and cost-effective solution for global money transfers. Afriex's vision is to make financial transactions more accessible and equitable for people around the world, leveraging technology to eliminate traditional barriers in the remittance market.

Notable affiliated individuals include the founders and key investors who have supported Afriex's growth. The company has achieved significant milestones, such as expanding its service reach to multiple countries and maintaining a no-fee structure. Afriex's impact is evident in its ability to facilitate easier and more affordable money transfers, thereby supporting the financial well-being of immigrant communities globally.

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Afriex - Quick Facts

Who are Afriex's competitors?

Companies similar to Afriex include SympliFi, LemFi, Surge Africa and Sendmi.

When was Afriex founded?

Afriex was founded in 2019.

Where is Afriex's headquarters located?

Afriex's headquarters is located in Oakland, CA, US.

When was Afriex's last funding round?

Afriex's most recent funding round was for $100k (USD) in June 2022.

How much has Afriex raised to-date?

As of Jun 1, 2022, Afriex has raised a total of $11.4M (USD).

How many employees does Afriex have?

Afriex has 47 employees as of Feb 4, 2024.

Afriex - Classification

Ownership
  • Private
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Global
Revenue
  • Software
  • Transactional
Customer
  • Consumers
Main Product
  • Payments
  • Remittances
Tags
  • API
  • Financial
  • SaaS
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 6 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6090Functions Related To Depository Banking
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6099Functions Related To Depository Banking, Not Elsewhere Classified
  • 6282Investment Advice