Passpoint
Passpoint is a Delaware-incorporated payment infrastructure provider operating a unified orchestration layer across 42 corridors in Africa, the EU, the UK, and the G20, serving 300+ merchants — primarily enterprises, fintechs, and marketplaces — via a single API with embedded compliance and multi-currency treasury.
- Company typePrivate
- Founded2022
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Passpoint does
Passpoint Technologies Inc. is a Delaware-incorporated payment infrastructure provider that positions itself as a 'financial orchestration layer' sitting above local payment rails, mobile money operators, banks, and card schemes across 42 corridors spanning Nigeria, Kenya, Tanzania, Uganda, Cameroon, the XOF/WAEMU region, 24 EU countries, the UK, the US, Canada, and China. Its product is a Unified Payments API supplemented by modular offerings — Accept Online, Acquiring, Payment Methods, Payouts, and Treasury & FX — that deliver intelligent multi-provider transaction routing, embedded KYC/AML/sanctions compliance per jurisdiction, multi-currency treasury and institutional FX, and unified reconciliation through a single integration and contract. The company holds direct regulatory licences from the Central Bank of Nigeria, FINTRAC in Canada, a VASP licence from the Polish Ministry of Finance, and provides PSD2-compliant infrastructure across 24 EU countries and the UK.
The platform serves enterprises managing multi-country payroll and supplier payments, fintechs and neobanks building embedded finance products, marketplaces and gig-economy platforms, e-commerce businesses, gaming operators, remittance providers, and manufacturing/logistics companies. The company reports 300+ merchants, 7M+ transactions processed, and 30+ integrated payment methods, and claims 40-60% lower total payment operating costs versus competing providers.
Passpoint monetises through a combination of per-transaction processing fees, FX spreads on multi-currency conversions, optional SaaS fees, and value-based enterprise pricing structured around multi-year Merchant Service Agreements. Its go-to-market combines API-first self-serve sign-up at go.mypasspoint.com with enterprise 'Talk to an Expert' sales motions, guided onboarding, and event-led demand generation. The co-founding team of Kelechi Uchegbulem (CEO) and Adejuwon Oyebanjo (CCO) leads the company from Lagos with regional operations in Wilmington and Warsaw; no funding history, revenue, or capitalisation details are publicly disclosed.
Passpoint firmographics
Firmographics- Name
- Passpoint
- Legal name
- Passpoint Technologies Inc.
- Website
- https://mypasspoint.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Passpoint is a Delaware-incorporated payment infrastructure provider operating a unified orchestration layer across 42 corridors in Africa, the EU, the UK, and the G20, serving 300+ merchants — primarily enterprises, fintechs, and marketplaces — via a single API with embedded compliance and multi-currency treasury.
- Ownership category
- akta.pro rank
Passpoint industry classification
Industry- Product category
- Cross-Border Payment Orchestration
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)
- akta.pro secondary industry
- Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD)
Keywords
Where Passpoint is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices3 records
Markets served
Passpoint business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction-Based Fees: Per-transaction pricing on payment processing, FX conversions, and payout flows; processor charges, bank charges, and VAT included. Settlement amounts are net of applicable fees, chargebacks, and refunds.
- FX Spread on Multi-Currency Conversions: Revenue captured on the spread between interbank FX rates and rates applied to merchant conversions across African and G20 currency pairs via the Treasury & FX engine.
- SaaS Fee (Where Applicable): Software/platform subscription fee for the orchestration layer where applicable; bundled into the Merchant Service Agreement alongside processor and bank charges.
- Value-Based Enterprise Pricing: Commercial positioning emphasizes value-based, scalable economics across treasury, compliance, and orchestration rather than per-transaction pricing alone; pricing governed by Merchant Service Agreement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based Merchant Service Agreement (custom) |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Passpoint product offering
Product offeringCore offering
Passpoint operates a financial orchestration layer that sits above local payment rails (mobile money operators, banks, card schemes, and alternative payment methods), exposing a Unified Payments API for businesses to accept, pay out, convert FX, and reconcile across 30+ payment methods and 35+ countries spanning Africa, the EU, the UK, the US, Canada, and China. It packages intelligent transaction routing, embedded KYC/AML/sanctions compliance, multi-currency treasury, and unified settlement into a single contract and single integration under its own direct licences (CBN, FINTRAC, VASP Poland, PSD2).
Product overview
Passpoint is a single-platform financial orchestration layer for Africa, Europe, and the G20, sold as one integrated suite rather than as a marketplace of disconnected add-ons. The product is structured as a platform-plus-modules architecture: the Unified Payments API is the core programmable surface, while Accept Online, Payouts, Acquiring, Payment Methods, and Treasury & FX are the named modules that compose the platform. Together they deliver intelligent routing, embedded KYC/AML/sanctions compliance, multi-currency treasury, and unified reconciliation across 35+ countries and 30+ payment methods through one integration and one contract.
Differentiator
Problem solved
Functional benefit
Products and services
- Unified Payments API Single API endpoint that unifies collections, payouts, FX, compliance, and monitoring across 35+ African payment methods and G20 corridors, with smart routing, real-time control, and post-processing intelligence for businesses processing cross-border payments.
- Accept Online Payment acceptance layer that lets businesses process incoming payments (cards, bank transfers, mobile money, alternative payment methods) through the Passpoint orchestration platform.
- Payouts Disbursement capability that pays out to bank accounts and mobile wallets across Africa and the G20, accessible via the Unified Payments API for instant disbursement to cards, wallets, and accounts.
- Acquiring Local acquiring stack for African markets that routes transactions through issuer-aware local rails and African issuers/schemes to improve acceptance, reduce cross-border and FX costs, and enable faster market launches.
- Payment Methods Aggregated catalogue of 30+ African payment methods, mobile money, bank transfers, cards, and digital wallets, switchable by country and region through a single integration to reduce checkout friction and abandonment.
- Treasury & FX Multi-currency treasury and FX management module providing real-time visibility into balances and settlements, automated reconciliation (via API, SFTP, or dashboard), institutional FX rates across African and G20 currencies, and configurable settlement timing.
Quantifiable outcome
- 40-60% lower total payment operating costs versus competing providers
- +4 more outcomes
Companies that use Passpoint
Customer profileNamed customers2 records
Segments7 records
Ideal customer profiles5 records
Passpoint technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability3 records
Feature7 records
Passpoint partnerships and signals
Strategic signalScale indicators7 records
Recent moves3 records
Expansion highlights6 records
Passpoint competitors and assessment
Company assessmentDirect peers
- Flutterwave: Pan-African payment gateway explicitly named by Passpoint as a direct competitor. Both offer multi-country African payment acceptance and payouts, though Passpoint differentiates via direct regulatory licences and orchestration positioning above Flutterwave's gateway layer.
- Paystack: Nigerian-headquartered payment gateway (now owned by Stripe) explicitly named by Passpoint as a competitor. Overlaps on African payment acceptance and developer-first API, though Paystack is positioned as a gateway rather than an orchestration layer.
- Dlocal: Public emerging-markets payment orchestration specialist covering Africa, LatAm, and APAC. Closely comparable to Passpoint's cross-border thesis of stitching together local rails in fragmented markets through a unified API for global merchants.
- Cellulant: Pan-African payments platform (Tingg) covering 35+ countries with mobile money, bank, and card acceptance. Comparable to Passpoint in geographic coverage and multi-rail collection/payout use cases for enterprise and fintech customers.
Broad incumbents
- Stripe: Global payments incumbent expanding aggressively into Africa via its Paystack acquisition. Competes with Passpoint on developer experience and global rails; Passpoint's edge is direct African licences vs. Stripe's routed access through sub-partners.
- Adyen: Global enterprise payment orchestration platform with broad method coverage. Comparable to Passpoint on multi-method, multi-currency orchestration for large merchants, though Adyen's Africa footprint is shallower than Passpoint's.
- Interswitch: Nigerian payments incumbent with Verve scheme and broad African acquiring, processing, and switching infrastructure. Competes with Passpoint in the same Nigerian and pan-African enterprise space, though as a broader incumbent rather than orchestration specialist.
Emerging players
- Korapay: African payment infrastructure provider also listed as a Passpoint homepage partner. Overlaps on multi-country African payment acceptance and developer APIs, with a more startup-segment focus than Passpoint's enterprise tilt.
- Chipper Cash: African cross-border payments platform serving consumer and B2B remittance use cases. Comparable to Passpoint on Africa–G20 corridor coverage and FX, though with a consumer-led distribution model rather than B2B orchestration.
Regional players
- Paga: Nigerian mobile money and payments platform primarily serving the domestic Nigerian market. Overlaps with Passpoint on local payment rails in Nigeria but lacks the cross-border orchestration and multi-jurisdiction regulatory footprint.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Passpoint social profiles
Digital presencePasspoint compliance and trust
Trust signalCompliance8 records
Passpoint financial estimates
Financial estimateRevenue estimate
Valuation estimate
Passpoint leadership team
Management profileNumber of profiles
Profiles3 records
Passpoint subsidiaries and ownership
Company hierarchySubsidiaries1 record
Passpoint funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Passpoint 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 Passpoint
What does Passpoint do?
Passpoint operates a financial orchestration layer that sits above local payment rails (mobile money operators, banks, card schemes, and alternative payment methods), exposing a Unified Payments API for businesses to accept, pay out, convert FX, and reconcile across 30+ payment methods and 35+ countries spanning Africa, the EU, the UK, the US, Canada, and China. It packages intelligent transaction routing, embedded KYC/AML/sanctions compliance, multi-currency treasury, and unified settlement into a single contract and single integration under its own direct licences (CBN, FINTRAC, VASP Poland, PSD2).
Is Passpoint a public or private company?
Passpoint is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Passpoint founded?
Passpoint was founded in 2022. It employs 11 to 50 people.
Where is Passpoint based?
Passpoint is headquartered in Lagos, Nigeria, in the Africa region.
How does Passpoint make money?
Four revenue lines are on record. Transaction-Based Fees are the primary driver. The others are FX Spread on Multi-Currency Conversions, saaS Fee (Where Applicable) and value-Based Enterprise Pricing.
Who are Passpoint's main competitors?
Direct peers on record are Flutterwave, Paystack, Dlocal and Cellulant. Broad incumbents are Stripe, Adyen and Interswitch. Emerging players are Korapay and Chipper Cash. Paga is listed as a regional player.
Does Passpoint have an API?
Yes. Passpoint offers a Unified Payments API that lets developers accept, route, payout, and reconcile across African and G20 payment rails through a single integration. The API supports intelligent transaction routing with dynamic optimization on cost, speed, success rate, FX efficiency, and compliance; embedded KYC, AML, and sanctions screening; multi-currency balance management; real-time transaction control and reporting; and access to 35+ local payment methods across 42 corridors including Nigeria, Kenya, Tanzania, Uganda, Cameroon, the XOF region, 24 EU countries, the UK, and the United States. API access is available to businesses via the documentation portal (docs.dev.mypasspoint.com). Developer documentation is at docs.dev.mypasspoint.com.
What industry is Passpoint in?
Passpoint's product category is Cross-Border Payment Orchestration. Its primary akta.pro industry code is FSAGAKAH, Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity), with a secondary code of FSAMAHAD, Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments). Its NAICS code is 522320.