Conduit's cross-border payments expand from LatAm into Africa with $6M round
The B2B cross-border payments platform found success after pivoting from crypto to traditional banking and is now making inroads in Africa.
Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually.
A report by Airwallex forecasts that the value of cross-border payments will grow by 60%, reaching $250 trillion by 2027. Between 2018 and 2022, the value of such payments increased by $25 trillion to $150 trillion, with business-to-business (B2B) payments making up 97% of that volume.
Article