FedaPay
FedaPay is a Beninese BCEAO-licensed payment aggregator that enables merchants, freelancers, NGOs, and institutions across the seven WAEMU countries to collect and disburse mobile money and card payments via API, plugins, hosted pages, and a virtual POS.
- Company typePrivate
- Founded2018
- HeadquartersCotonou, Benin
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What FedaPay does
FedaPay is a payment aggregation platform headquartered in Cotonou, Benin, founded in 2018 by Hermann Aguessy. Operating under the legal entity FEDAPAY S.A., the company enables merchants, freelancers, NGOs, and institutions to collect and disburse digital payments via mobile money and bank cards across the seven UEMOA/WAEMU countries — Benin, Togo, Côte d'Ivoire, Niger, Burkina Faso, Mali, and Senegal — with regional offices in Lomé and Abidjan. The platform aggregates 20+ payment methods spanning major mobile money operators (MTN, MOOV, Celtiis, BMO, Coris Money, Wave, Orange, Airtel) and international card networks (Visa, Mastercard), holding BCEAO payment aggregator approval (EP.BN.004/2026) and PCI DSS Level 1 certification for card processing.
The technology stack centers on a RESTful API (api.fedapay.com/v1) with Bearer token authentication and SDKs in PHP, Node.js, Ruby, React, and Angular. It is complemented by pre-built plugins for WooCommerce, PrestaShop, OpenCart, Odoo, Bubble, WHMCS, and WordPress (Feda Give donation plugin). The product suite comprises four core payment-collection surfaces — Payment Link, Payment Page, Plugins, and API — plus a Payout engine for mass disbursements to multiple Mobile Money accounts, and TAP & GO, a virtual POS terminal accepting QR Code, USSD, and NFC without physical hardware. As of latest disclosed figures, FedaPay reports 80,000+ active merchants, 450,000+ monthly transactions, and 2+ billion XOF (~US$3.2M) in monthly processed volume.
FedaPay operates a pure transaction-fee revenue model with no subscription or setup fees. Pricing is 1.6–1.8% per mobile money collection (e.g., MTN Benin 1.8%, TAP & GO 1.6%), 4% per Visa/Mastercard transaction, tiered payout fees of 150–2,500 XOF, and a 3,500 XOF fee for bank withdrawals. Distribution combines a self-serve PLG motion (sandbox/test environment, marketplace-listed plugins, developer documentation on docs.fedapay.com) with a physical field-agent onboarding network for TAP & GO merchants and a dedicated enterprise sales team reachable via [email protected]. The company has raised funding from FastTrackTech (2019), the Benin Ministry of Digital (2021), the International Trade Centre (2021), the Benin Business Angel Network (2022), and Catalytic Africa (2024), with amounts largely undisclosed.
FedaPay firmographics
Firmographics- Name
- FedaPay
- Legal name
- FEDAPAY S.A
- Website
- https://fedapay.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FedaPay is a Beninese BCEAO-licensed payment aggregator that enables merchants, freelancers, NGOs, and institutions across the seven WAEMU countries to collect and disburse mobile money and card payments via API, plugins, hosted pages, and a virtual POS.
- Ownership category
- akta.pro rank
FedaPay industry classification
Industry- Product category
- Payment Processing / Payment Gateway
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
- akta.pro secondary industries
- POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where FedaPay is headquartered
LocationHeadquarters
- HQ city
- Cotonou
- HQ country
- Benin
Offices4 records
Markets served
FedaPay business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Transaction Fees — Mobile Money: Percentage fee deducted per successful mobile money transaction collected through the platform (e.g., 1.8% for MTN Benin, MOOV Benin rate as listed). No fees charged until a payment is actually received.
- Transaction Fees — Card Payments: Percentage fee on card transactions (Visa, Mastercard) processed through the platform.
- Payout / Mass Payment Fees: Tiered fees for mass payouts to Mobile Money: 150 XOF for 0–10,000 XOF; 300 XOF for 10,001–50,000 XOF; 800 XOF for 50,001–150,000 XOF; 2,000 XOF for 150,001–500,000 XOF; 2,500 XOF for 500,001+ XOF.
- Withdrawal Fees: Free withdrawal to Mobile Money; 3,500 XOF fee for bank account withdrawals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | No subscription or monthly fee — pay only when you receive a payment |
| Transaction based/ take rate | Pay-as-you-go | MTN Benin: 1.80% per successful mobile money collection |
| Transaction based/ take rate | Pay-as-you-go | Tiered payout fees: 150 XOF to 2,500 XOF depending on amount |
| Transaction based/ take rate | Pay-as-you-go | Mobile Money withdrawal: 0 XOF; Bank account withdrawal: 3,500 XOF |
| Transaction based/ take rate | Pay-as-you-go | TAP & GO commission: 1.6% per mobile money transaction |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
FedaPay product offering
Product offeringCore offering
FedaPay is a payment aggregation platform that enables businesses, entrepreneurs, institutions, individuals and NGOs across the UEMOA/WAEMU zone to collect online and in-person payments via mobile money (MTN, MOOV, Celtiis, BMO, Coris Money) and international card networks (Visa, Mastercard). It offers payment links, hosted payment pages, e-commerce plugins, a RESTful API, mass payout disbursement to Mobile Money accounts, and a virtual point-of-sale terminal (TAP & GO) for QR/USSD/NFC acceptance.
Product overview
FedaPay is a payment aggregation platform operating across the UEMOA (West African Economic and Monetary Union) zone, enabling businesses and individuals to collect online payments via Mobile Money (MTN, Moov, Celtiis, BMO, Coris Money) and bank cards (Visa, Mastercard). The platform offers four primary product lines: Payment Link (shareable URL-based payments), Payment Page (customizable hosted payment pages), Plugins (pre-built integrations for WooCommerce, PrestaShop, OpenCart, Odoo, and Bubble), and the FedaPay API (RESTful API with PHP, Node.js, Ruby, React, and Angular SDKs). Additional offerings include Payout (mass disbursements to Mobile Money), TAP & GO (virtual POS terminal for physical merchants via QR Code/USSD/NFC), and Yaburu.shop (online store builder). The platform processes over 450,000 transactions monthly with a volume exceeding 2 billion XOF.
Differentiator
Problem solved
Functional benefit
Brands
- Yaburu.shop: Online shop creation platform by FedaPay for creating online boutiques in minutes
- TAP & GO
- Feda Give
Products and services
- Lien de paiement (Payment Link) Shareable, customizable URL that allows merchants and individuals to receive payments via Mobile Money or bank card without needing a website, with instant payment notifications.
- Page de paiement (Payment Page) Customizable, branded hosted payment page that lets customers pay via Mobile Money or bank card, with optional product imagery, descriptions, and real-time dashboard tracking.
- Plugins (WooCommerce, PrestaShop, OpenCart, Odoo, Bubble) Pre-built e-commerce and no-code platform integrations (WooCommerce, PrestaShop, OpenCart, Odoo, Bubble) that enable merchants to accept Mobile Money and card payments inside their existing online stores.
- API FedaPay RESTful API with Bearer token authentication, sandbox and live environments, and SDKs in PHP, Node.js, Ruby, React and Angular, enabling developers to embed FedaPay payment functionality directly into web and mobile applications.
- Payout Mass payment feature that lets merchants and institutions disburse funds from their FedaPay balance to multiple Mobile Money accounts simultaneously across Africa, with real-time tracking and tiered fees.
- TAP & GO 100% virtual point-of-sale terminal mobile app (Android and iOS) that allows physical merchants to accept in-person payments via QR Code, USSD, or NFC without a card terminal or hardware, and without requiring a continuous internet connection.
- Yaburu.shop by FedaPay Online store builder by FedaPay that enables entrepreneurs to create their own online shops and accept Mobile Money and card payments without technical setup, branded as a sub-brand of FedaPay.
- Feda Give (WordPress/GiveWP donation plugin) WordPress plugin for the GiveWP donation platform that enables NGOs, associations and charities to collect donations via Mobile Money and credit cards on their WordPress sites.
- WHMCS Payment Gateway Plugin Payment gateway plugin for the WHMCS web hosting automation and billing system, allowing web hosts and SaaS providers to accept Mobile Money and credit card payments from West African customers.
Companies that use FedaPay
Customer profileNamed customers3 records
Segments8 records
Ideal customer profiles6 records
FedaPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature10 records
FedaPay partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- MTN Mobile Money (Bénin, Côte d'Ivoire, Guinée)coreFedaPay holds an official payment aggregator license linked to MTN Mobile Money services, enabling merchants to collect and disburse payments via MTN Mobile Money across supported countries.
- Moov Flooz Africa (Bénin, Togo)coreFedaPay holds an official payment aggregator license linked to Moov Flooz Africa and Moov Flooz Togo services, enabling merchant payment collection via Moov Mobile Money.
- Namecheap Inc.minorNamecheap Inc. is a US-based domain registrar and web hosting provider that serves as one of the web hosting providers for FedaPay.com.
- DigitalOcean, LLCminorDigitalOcean, LLC (New York, USA) is a cloud infrastructure provider serving as one of the hosting providers for FedaPay.com.
Scale indicators8 records
Recent moves3 records
Expansion highlights6 records
FedaPay competitors and assessment
Company assessmentDirect peers
- Wave: Wave operates a mobile-money super-app across Senegal, Côte d'Ivoire, Mali, Burkina Faso, and other West African markets with QR/NFC acceptance and low-fee P2P transfers. It is the most direct competitor to FedaPay in mobile-money aggregation and in-person acceptance across the WAEMU zone.
- KkiaPay: BCEAO-licensed Beninese payment aggregator offering mobile money and card collection for merchants via links, plugins, and API. Operates in the same regulatory and geographic market as FedaPay with a directly comparable product set.
- FeexPay: Benin-based, BCEAO-licensed payment aggregator providing mobile money and card payment collection across multiple West African countries. Competes head-to-head with FedaPay on merchant onboarding and transaction fees in the same WAEMU region.
- CinetPay: Côte d'Ivoire-headquartered pan-Francophone Africa payment aggregator offering mobile money, card, and wallet payment integration. Closely comparable to FedaPay in API-first aggregation of local payment methods across WAEMU.
- FedaPay-adjacent: Paydunya: Senegal-based payment aggregator providing mobile money and card payment APIs for West African merchants. Directly comparable business model and WAEMU geographic footprint to FedaPay.
Broad incumbents
- Orange Money: Orange's mobile money and merchant payment services across Francophone Africa. Competes and partners simultaneously with FedaPay as both a payment method and increasingly a direct acquirer.
- Paystack: Stripe-owned African payment gateway offering cards, bank transfers, and mobile money aggregation. While primarily Anglophone-focused, its expansion ambitions into Francophone markets create competitive overlap with FedaPay.
- Flutterwave: Pan-African payment gateway serving dozens of countries with cards, mobile money, and bank transfers. While broader in geography, it overlaps FedaPay on API-based aggregation of African payment methods.
- Interswitch: Large African payments processor with gateway, switching, and merchant acquiring across multiple countries. Relevant as a broad incumbent operating payment infrastructure in markets adjacent to FedaPay's WAEMU core.
- MTN MoMo Pay / MTN Mobile Money: MTN's mobile money platform and merchant-accepting products operate across WAEMU and beyond. Functions both as FedaPay's largest partner and as a potential competitor if MTN prioritizes direct merchant tools.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
FedaPay social profiles
Digital presenceFedaPay compliance and trust
Trust signalCompliance3 records
FedaPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
FedaPay leadership team
Management profileNumber of profiles
Profiles2 records
FedaPay funding detail
Funding detailFunding overview
Funding rounds5 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FedaPay 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 FedaPay
What does FedaPay do?
FedaPay is a payment aggregation platform that enables businesses, entrepreneurs, institutions, individuals and NGOs across the UEMOA/WAEMU zone to collect online and in-person payments via mobile money (MTN, MOOV, Celtiis, BMO, Coris Money) and international card networks (Visa, Mastercard). It offers payment links, hosted payment pages, e-commerce plugins, a RESTful API, mass payout disbursement to Mobile Money accounts, and a virtual point-of-sale terminal (TAP & GO) for QR/USSD/NFC acceptance.
Is FedaPay a public or private company?
FedaPay is a private company. It is classified as venture growth investor backed and is currently operating.
When was FedaPay founded?
FedaPay was founded in 2018. It employs 11 to 50 people.
Where is FedaPay based?
FedaPay is headquartered in Cotonou, Benin.
How does FedaPay make money?
Four revenue lines are on record. Transaction Fees — Mobile Money is the primary driver. The others are transaction Fees — Card Payments, payout / Mass Payment Fees and withdrawal Fees.
Who are FedaPay's main competitors?
Direct peers on record are Wave, KkiaPay, FeexPay, CinetPay and FedaPay-adjacent: Paydunya. Broad incumbents are Orange Money, Paystack, Flutterwave, Interswitch and MTN MoMo Pay / MTN Mobile Money.
Does FedaPay have an API?
Yes. RESTful API for payment integration, enabling businesses to manage customers, process transactions (collects), handle payouts, monitor events, access balances, manage currencies, and debug logs. Supports Bearer token authentication with sandbox and live environments. Available at https://api.fedapay.com/v1. Developer documentation is at docs.fedapay.com/api-reference/introduction-fr.
What industry is FedaPay in?
FedaPay's product category is Payment Processing / Payment Gateway. Its primary akta.pro industry code is FSAGABAN, Payouts, Disbursements & Mass Payments Infrastructure, with a secondary code of FSAGABAO, POS, SoftPOS & In-Person Acceptance Infrastructure. Its NAICS code is 52232.