Beyonic
Beyonic is a Uganda-based fintech founded in 2013 that offers businesses digital payment services and cashless management tools. Its web properties now redirect to Onafriq, indicating possible acquisition or integration into the pan-African mobile-money platform.
- Company typePrivate
- Founded2013
- HeadquartersKampala, Uganda
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Beyonic does
Beyonic is a private, for-profit financial technology company founded in 2013 and headquartered in Kampala, Uganda. Per the firmographic brief, it offers businesses a suite of digital payment services and cashless management tools, positioning itself as a B2B-focused alternative to manual, cash-based payment handling for merchants and organizations operating in (or sourcing payments from) Uganda. Concrete product detail, pricing, API surface, and integration inventory are not disclosed in the available source material — the technology field is empty and no SDK, documentation URL, or app links are provided. Founded with 11-50 employees, Beyonic is small-scale by fintech standards and its only documented capital raise is a $120,000 seed round from Techstars in April 2016, executed with the accelerator as lead investor. No follow-on rounds, customer logos, contract values, or revenue figures appear in the dataset.
The most material structural signal in the data is operational rather than commercial: Beyonic's primary web domain (beyonic.com) currently redirects to onafriq.com, Onafriq being a pan-African mobile money interoperability platform. Source commentary explicitly states ownership structure and operating status "cannot be determined" from the scraped content, but the redirect pattern is consistent with absorption, white-label re-use, acquisition, or operational integration under the Onafriq umbrella. The implication for the investment thesis is that Beyonic may no longer function as an autonomous operating entity; its customer relationships, payment integrations, and distribution footprint are likely now bookable through — or subsumed within — Onafriq's broader cross-border payments network rather than as a stand-alone Uganda-focused business.
Beyonic firmographics
Firmographics- Name
- Beyonic
- Website
- https://beyonic.com
- Company type
- Private
- Founded year
- 2013
- Headcount range
- 1–10 employees
- Short description
- Beyonic is a Uganda-based fintech founded in 2013 that offers businesses digital payment services and cashless management tools. Its web properties now redirect to Onafriq, indicating possible acquisition or integration into the pan-African mobile-money platform.
- Ownership category
- akta.pro rank
Beyonic industry classification
Industry- Product category
- Digital Payments Infrastructure
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Processing & Data Preparation (7374), Finance Services (6199)
- akta.pro primary industry
- Payment Gateways & Orchestration (BPAMAFAA)
Keywords
Where Beyonic is headquartered
LocationHeadquarters
- HQ city
- Kampala
- HQ country
- Uganda
- HQ region
- Africa
Markets served
Beyonic business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Beyonic product offering
Product offeringCore offering
Beyonic offers businesses a suite of digital payment services and cashless tools for the management of payments. The platform enables organizations to send, receive, and manage digital payments programmatically, primarily targeting business operations across African markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Payment Services A suite of digital payment services providing businesses with cashless tools for the management of payments. Targeted at organizations needing to send, receive, and manage digital payments.
- Cashless Management Tools Cashless tools designed to help businesses manage digital transactions and payment workflows.
Companies that use Beyonic
Customer profileIdeal customer profiles1 record
Beyonic technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Beyonic partnerships and signals
Strategic signalRecent moves2 records
Expansion highlights2 records
Beyonic competitors and assessment
Company assessmentBroad incumbents
- Onafriq (formerly MFS Africa): Largest pan-African digital payments network and the apparent acquirer/integrator of Beyonic based on the observed redirect. Directly comparable as a digital payments platform connecting mobile wallets, banks, and merchants across Africa.
- Interswitch: One of Africa's largest digital payments and commerce platforms operating payment processing, card issuing, and merchant acquiring across multiple countries. Broad incumbent comparable along both payments infrastructure and merchant tooling.
- M-Pesa (Vodacom / Safaricom): Mobile money and merchant payments platform dominant across East Africa; ubiquitous cashless payment product that defines the competitive context for any Uganda-anchored payment platform like Beyonic.
- Cellulant: Pan-African payments company offering mobile money, bank, and merchant payment aggregation across 35+ countries. Comparable as a payments infrastructure provider serving merchants and businesses across Africa.
Direct peers
- Flutterwave: Pan-African payment infrastructure provider offering payment gateways, merchant acquiring, and cross-border APIs to African businesses. Directly comparable to Beyonic in serving SMEs with digital payment acceptance and management tooling.
- Paystack: Nigeria-born payment gateway serving African online and offline merchants with APIs, recurring billing, and transaction management (acquired by Stripe). Closely matches Beyonic's digital payment services positioning for SMEs.
- Chipper Cash: Cross-border consumer and business payments app across Africa offering transfers, merchant collections, and disbursement APIs. Comparable as an African digital payments platform serving both P2P and merchant use cases.
- DusuPay: Uganda-based fintech providing payment gateways, mobile money collections, and disbursements for African merchants. Direct regional peer addressing the same SME cashless management segment Beyonic targeted.
- Pesapal: East African payment service provider offering merchant accounts, card and mobile money acceptance, and business management tools. Directly overlaps Beyonic's SME digital payments / cashless management scope.
Regional players
- Yoco: South Africa-based payments and business management platform serving SMEs with card acceptance and cashless tools. Comparable business model (SME-focused digital payment + management) though regionally focused on Southern Africa.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
Beyonic social profiles
Digital presenceBeyonic financial estimates
Financial estimateRevenue estimate
Valuation estimate
Beyonic leadership team
Management profileNumber of profiles
Profiles1 record
Beyonic funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Beyonic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Beyonic
What does Beyonic do?
Beyonic offers businesses a suite of digital payment services and cashless tools for the management of payments. The platform enables organizations to send, receive, and manage digital payments programmatically, primarily targeting business operations across African markets.
Is Beyonic a public or private company?
Beyonic is a private company. It is classified as venture growth investor backed.
When was Beyonic founded?
Beyonic was founded in 2013. It employs 1 to 10 people.
Where is Beyonic based?
Beyonic is headquartered in Kampala, Uganda, in the Africa region.
Who are Beyonic's main competitors?
Broad incumbents on record are Onafriq (formerly MFS Africa), Interswitch, M-Pesa (Vodacom / Safaricom) and Cellulant. Direct peers are Flutterwave, Paystack, Chipper Cash, DusuPay and Pesapal. Yoco is listed as a regional player.
Does Beyonic have an API?
No public API is recorded for Beyonic.
What industry is Beyonic in?
Beyonic's product category is Digital Payments Infrastructure. Its primary akta.pro industry code is BPAMAFAA, Payment Gateways & Orchestration. Its NAICS code is 541511 and its SIC code is 7374.