African Fintech Startup HitchPay Surpasses $2 Million in Transactions as Cross-Border Payment Demand Grows
Aquietly scaling African fintech startup is beginning to stand out in one of the continent’s most competitive and structurally important sectors: cross-border payments.
HitchPay, a financial technology platform built for African businesses and diaspora communities, has processed more than $2 million in transactions in the last four months while serving over 20,000 active customers, according to company data. The platform is currently growing at 22% month-over-month, signaling strong early traction in a market long plagued by fragmented infrastructure and high transaction costs.
Launched to address the persistent barriers African entrepreneurs face when accepting international payments, HitchPay sits at the intersection of two powerful trends: Africa’s expanding digital commerce economy and the growing financial needs of its global diaspora.
“For African founders and freelancers, getting paid globally is still far harder than it should be,” said Paul Obalonye, co-founder of HitchPay. “We built HitchPay to remove the friction , so geography no longer determines who can participate in the global economy.”
