Fincra has received a Third Party Payments Provider (TPPP) licence in South Africa. This allows the fintech company to process major local payment types including cards, electronic funds transfers, real-time clearing, and rapid payments.
The licence is a key step in Fincra’s plan to deepen its presence in Africa’s payment space. It also strengthens its ability to support businesses with reliable cross-border payment infrastructure.
“Securing the TPPP licence in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa,” said Ayowole Ayodele, Fincra’s CEO and Co-founder. “It reinforces our commitment to building compliant, reliable infrastructure that powers cross-border trade at scale.”
Fincra now joins other local players like Yoco, Ozow, and Peach Payments in South Africa’s competitive fintech sector. The licence allows Fincra’s clients—ranging from e-commerce and logistics to B2B platforms and travel businesses—to enjoy faster payments, better reliability, and full regulatory compliance.
Emmanuel Babalola, Fincra’s Chief Commercial and Growth Officer, called the approval a “game-changer for businesses looking to expand or operate in the region.”
The licence follows Babalola’s appointment in February 2025, after his exit from crypto startup Bundle. Since then, Fincra has strengthened ties with Tier-1 banks and expanded its API offerings. These tools help businesses accept payments globally and disburse funds locally.
Fincra has processed over $10 billion in transactions since 2023. It currently operates in Ghana, Kenya, Uganda, the UK, Europe, and North America with plans to grow further.
