Capi Money funding news – London-based Capi Money Secures €17.2 Million in Series A Round Funding

The funding round was led by Creandum and joined by Janngo.africa, alongside existing investors Y Combinator, Firstminute Capital, 4Cities, The Raba Partnership, Kara Investments, Algorithmic Strategies, Rebel Fund, Maiora, and Pioneer Fund.

Creandum in a statement said, “For millions of small businesses across developing countries, paying international suppliers is frustrating, expensive, and slow. Capi Money is changing that with a platform that allows importers to pay invoices in under 48 hours—reliable, fast, and free of middlemen,”.

It’s platform lets businesses pay invoices up to $/€1 million within 48 hours, cutting out middlemen and lowering transaction costs.

Riley and Liddle, who previously worked at Taptap Send, noticed that while consumer payments have improved, small businesses still face slow and expensive payments. Watson, a FinTech expert, brings the technical skills to help grow the platform.

In just 13 months since joining Y Combinator, it has expanded to four African countries, earned multi-million-dollar revenue, and built a small team of 13 people. The platform offers an easy, self-service setup and 24/7 payment access, providing a solution for small businesses that need quick and reliable international transactions.

Investors are excited about the company’s potential. Creandum said, “Capi Money has already made millions in revenue in just 13 months with a small but powerful team. We’re excited to keep supporting them!”

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With the new funding, Capi Money plans to grow even more, focusing on a €382 billion import market in sub-Saharan Africa, with plans to expand further.

By offering SMEs faster and cheaper international payments, the company aims to become a major player in global trade.

About Capi Money

Founded in 2023 by Mitch Riley, Scott Liddle, and Tom Watson, Capi Money wants to solve a big problem for businesses in Africa, Latin America, and Asia—paying international suppliers more easily. Importers in these regions face high foreign exchange fees (about 10%), slow bank payments, and complicated paperwork, making global trade costly and slow.