Chromepay

Company Overview

Snapshot

Founded in July 2019 by Gabriel (R) Saunyama and Munashe Zanza, Chromepay operates with 11–50 employees. The company has completed one funding round at the Pre-Seed stage. In March 2021, Chromepay launched its pay solution app in Africa, expanding its digital financial services reach.

Business overview

Chromepay is a fintech company focused on driving financial and digital inclusion across Africa. The company provides transaction-linked digital IDs that enable financial institutions to seamlessly onboard and verify customers, thereby granting them access to essential financial services. Through its agency banking model, Chromepay aims to reduce the number of financially underserved individuals by offering authentication and access to financial tools. The company operates within the Fintech & Insurtech sector, targeting markets in Nigeria and Ethiopia with its mobile application and digital wallet solutions.

Strategic signal

In October 2021, Chromepay was selected as one of the startups participating in 8200 Impact's 7th cycle. This selection signals validation of Chromepay's innovative approach to financial inclusion and provides access to a significant accelerator program, which can further support its growth and market penetration in Africa.

Company Intelligence Q&A

What is Chromepay's core mission?

Chromepay's mission is to enhance financial inclusion for over half a billion Africans who lack trusted forms of identity and reside below the poverty line. The company aims to achieve this by providing transaction-linked digital IDs and facilitating access to financial services through agency banking.

When did Chromepay launch its pay solution app in Africa?

In March 2021, Chromepay launched its pay solution app in Africa, marking a significant step in its efforts to provide digital financial services across the continent.

Which accelerator program did Chromepay participate in during 2021?

In October 2021, Chromepay was selected to participate in the 7th cycle of 8200 Impact, an accelerator program designed to support promising startups.

What is Chromepay's primary product?

Chromepay's primary product is its pay solution app, which enables financial institutions to onboard and verify customers using transaction-linked digital IDs, thereby providing access to financial services.

In which countries does Chromepay have a physical presence?

Chromepay maintains offices in Herzliya, Israel; Lagos, Nigeria; and Newark, United States, reflecting its international operational footprint.