The round was backed by founder-led angels and South African fintech investors.

For a breakdown of South African venture capital transactions, visit our Dealmaker’s Log.

South African fintech company Lumepay, which provides cross-border payment services, has disclosed a $6 million pre-seed round backed by founder-led angels and South African fintech investors. The round closed at the start of 2026. Lumepay also secured approximately $10 million in capital float to provide liquidity for clients.

In April 2026, Lumepay launched Lumetrade, which lets clients buy and sell digital assets and stablecoins. Its cross-border payments platform for businesses across Africa followed in June. Both are live in Nigeria, Ghana, Tanzania, Malawi, Mozambique and Kenya, as well as the West African and Central African CFA franc zones, and are awaiting further regulatory approvals in these markets to expand their payment capabilities.

“The future of cross-border payments isn’t traditional finance or stablecoins; it’s a combination of both, backed by the FX depth to make them work for real businesses,” said Harry Huang, chief executive officer of Lumepay. “That’s how we’ve built Lumepay: a rail-agnostic platform that works at the intersection between the two. Everything we design, build and operationalise is centred on one mission: to be the end-to-end solution African businesses trust to move money across borders reliably, at competitive pricing and with the service standards business clients expect.”

“Our integrated approach addresses the real drivers of friction: fragmentation, liquidity inefficiency and execution risk,” Huang added. “When businesses can move money reliably and cost-effectively, they stop managing constraints and start unlocking growth.”

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