QuickRemit, a UK-based financial technology company simplifying cross-border payments to Africa, has launched a three-week crowdfunding campaign on Crowdcube.
The move gives British retail investors a rare chance to own a stake in Africa’s fast-expanding financial technology sector, a market forecast to exceed $700 billion in the coming decade.
“Cross-border payments to Africa have been slow and costly. Customers were paying more than they should for remittance,” Wellington Agharese, Director and Founder of QuickRemit said.
“QuickRemit is solving this global challenge with infrastructure that is faster, with zero fees, and more transparent for consumers, businesses, and fintechs.”
What QuickRemit Does
QuickRemit operates across three main business lines: a consumer-facing mobile app for remittances, a trade settlement platform for bulk invoice payments, and API integrations for fintech and payment partners.
Together, it says these services are designed to address inefficiencies in Africa’s remittance and trade payments market, where transactions are often slow, expensive and opaque.
Licensed as a two-way payment gateway, the company enables international transactions through a regulated platform.
By combining traditional financial rails with its own technology, QuickRemit facilitates cross-border payments with zero transaction fees on consumer app transfers, and competitive foreign exchange rates.
How the Platform Works
For individual users, the startup says the QuickRemit app provides a zero-fee remittance service from the UK to Africa, while businesses can settle invoices and bulk trade transactions seamlessly.
On the wholesale side, the company supports foreign exchange, B2B invoicing, and bulk settlements, giving it a breadth of services that extends beyond retail transfers.
Founded by Wellington Agharese and co-founded by Paul Ofulue, QuickRemit says its mission is to transform UK-Africa transactions through its consumer remittance app, bulk trade settlement platform, and API integrations.
By operating within a strong regulatory framework, QuickRemit aims to deliver faster, zero-fee, and more reliable international payments.
What You Should Know
The fintech has processed $30 million in transaction value so far, with annual revenue growing at 250 per cent. It currently serves 100 active B2B customers, 15,000 B2B users and 15 wholesale contracts across the UK and Africa.
The company is seeking to raise £500,000 via Crowdcube, with the option of overfunding up to £1.1 million. The funds will be used to accelerate growth, extend product reach, and strengthen infrastructure for global money movement.
“This raise on Crowdcube is about more than capital. It’s about giving everyday UK investors the chance to back Africa’s financial future and participate in the next wave of global economic growth,” added Paul Ofulue, COO and Co-Founder of QuickRemit.
Crowdcube, the platform hosting the campaign, is a UK-based equity crowdfunding marketplace that allows individuals to invest in startups and growth-stage businesses in return for equity.
What This Means
The African payments and remittances market is undergoing rapid expansion, driven by a rising middle class, increasing smartphone adoption, and a surge in cross-border trade.
According to the World Bank, Africa received more than $150 billion in remittances and trade-related payments in 2023, making it one of the most significant corridors globally.
Analysts project that the continent’s payments industry will exceed $700 billion within the next decade, fuelled by digital platforms that lower transaction costs and expand financial access.
With over 350 million unbanked adults still excluded from traditional financial systems, experts say the market presents opportunities for companies like QuickRemit to position themselves as low-cost alternatives to legacy operators.
Talking Points
It is notable that QuickRemit is democratising access to Africa’s fintech sector by launching its crowdfunding campaign on Crowdcube, giving everyday investors a rare opportunity to participate in a market that has traditionally been dominated by institutional backers.
The zero-fee model for consumer remittances directly addresses one of the biggest pain points for Africans abroad; high charges for sending money home. This positions QuickRemit as a customer-first platform that is removing barriers to affordable financial services.
At Techparley, we see how QuickRemit’s strategy of combining consumer remittances, wholesale invoicing, and B2B API integrations is creating an ecosystem play rather than a single product. This gives it both resilience and scalability in a highly competitive payments market.
However, there is still room for growth. QuickRemit’s ability to expand its footprint will depend on deepening partnerships across key corridors and maintaining its competitive FX advantage. Education and trust-building among retail customers will also be central to its adoption.
