# Capi Money **Source:** https://geo.sig.ai/brands/capi-money **Vertical:** Finance **Subcategory:** Accounting Software **Tier:** Emerging **Website:** capimoney.com **Last Updated:** 2026-04-14 ## Summary UK YC S23 cross-border payments for African/LatAm/Asia SMEs at $2.9M revenue 2024; €17.2M Creandum Series A Feb 2025 serving businesses in 4 African countries competing with Flutterwave and Nium for emerging market international supplier payment infrastructure. ## Company Overview Capi Money is a London, United Kingdom-based cross-border payment platform for emerging market businesses — backed by Y Combinator (S23) with €17.2 million in Series A funding in February 2025 led by Creandum with Janngo, Firstminute, FourCities, Raba, Kara Maiora, Pioneer, Rebel, and Algorithmic, following a $1.52 million seed in May 2023 — providing small and medium-sized enterprises (SMEs) in Africa, Latin America, and Asia with efficient international supplier payment infrastructure that reduces foreign exchange fees and delays when paying international vendors. Founded in 2023 by Mitch Riley, Scott Liddle, and Tom Watson, Capi achieved $2.9 million in revenue in 2024 — generating multi-million dollar revenue within 13 months of the Y Combinator batch — operating with 19 employees across 4 African countries. Capi Money's international payment platform addresses the cross-border payment inefficiency that SMEs in emerging markets face when paying overseas suppliers: a Nigerian importer buying electronics from Chinese manufacturers, a Kenyan retailer paying for European branded goods, or a Ghanaian wholesaler sourcing from US suppliers typically pays 3-5% in FX conversion fees through traditional bank wires, faces 3-7 business day settlement delays that create working capital gaps, and lacks transparency into the payment status and exchange rate applied to each transaction. Traditional bank cross-border wires (SWIFT network) charge correspondent bank fees at each intermediary, apply poor wholesale-to-retail FX spreads, and provide no real-time tracking of wire status. Capi's payment rails (leveraging the modern cross-border infrastructure of stablecoins, local currency accounts, and FX optimization algorithms) reduce the per-transaction cost and settlement time for emerging market SME international payments — enabling faster supplier payment that preserves purchasing relationships and working capital. In 2025, Capi Money competes in the cross-border payments, emerging market fintech, and B2B international remittance market with Nium (cross-border payments infrastructure, $263M raised at $2.1B valuation), Flutterwave (African payments, $474M raised at $3B valuation), and Payoneer (NASDAQ: PAYO, global payment platform, $250M raised) for African and emerging market SME international supplier payment adoption. Creandum's Series A leadership (leading Nordic VC with global fintech portfolio) reflects conviction in Capi's emerging market payment infrastructure thesis. Janngo's participation (pan-African tech VC) provides Africa-specific market access and strategic partnership opportunities. The $2.9M 2024 revenue from a 2023 founding demonstrates the rapid SME adoption of a platform solving a high-pain cross-border payment problem. The 2025 strategy focuses on expanding the African country coverage beyond the initial 4 markets, building the trade finance products (supply chain financing, letters of credit) for larger SME import transactions, and growing the Latin America corridor for the emerging market supplier payment network. ## Frequently Asked Questions ### What is Capi Money? Capi Money is a United Kingdom-based fintech company founded in 2023 that provides a cross-border payment platform for emerging market businesses. The company helps businesses make efficient international supplier payments while reducing FX fees and delays. ### What products and services does Capi Money offer? Capi Money offers a cross-border payment platform that enables businesses to pay international suppliers efficiently. The service focuses on reducing foreign exchange fees and payment delays for companies operating in emerging markets. ### Who is Capi Money's target customer? Capi Money targets small and medium-sized enterprises (SMEs) in emerging markets, specifically businesses across Africa, Latin America, and Asia. The company currently serves businesses across 4 African countries. ### When was Capi Money founded? Capi Money was founded in 2023 by Mitch Riley, Scott Liddle, and Tom Watson. The company participated in Y Combinator's Summer 2023 batch. ### Where is Capi Money based? Capi Money is headquartered in London, United Kingdom. ### How much funding has Capi Money raised? Capi Money raised a €17.2M Series A round in February 2025 led by Creandum, with participation from Janngo, Y Combinator, Firstminute, FourCities, Raba, Kara, Maiora, Pioneer, Rebel, and Algorithmic. The company previously raised $1.52M in seed funding in May 2023. ### What are Capi Money's key achievements? Capi Money achieved $2.9M in revenue in 2024 and reached multi-million dollar revenue within 13 months of completing Y Combinator. The company currently operates with 19 employees and serves businesses across 4 African countries. ### What is Capi Money's approach to cross-border payments? Capi Money focuses on reducing foreign exchange fees and payment delays for businesses making international supplier payments. The platform is designed to make cross-border transactions more efficient for SMEs in emerging markets. ### How many employees does Capi Money have? Capi Money has 19 employees. ### What is Capi Money's most recent development? In February 2025, Capi Money raised a €17.2M Series A funding round led by Creandum, with participation from multiple investors including Janngo, Y Combinator, Firstminute, and FourCities. This followed the company's achievement of $2.9M in revenue during 2024. ## Tags b2b, fintech, payment-processing, africa, scaleup, platform --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*