BelCash Technology Solutions PLC

Name

BelCash Technology Solutions PLC

Legal name

BelCash Technology Solutions PLC

Website

https://belcash.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Digital Financial Services Platform (Mobile Money and Neo-Banking Infrastructure)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

International / Cross-Border BNPL & Multi-Currency POS Financing (FSAGAIAN), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Mobile money platform
• Platform as a service
• Digital banking infrastructure
• Remittance integration API
• Trade finance solutions

Headquarters

HQ city

Addis Ababa

HQ country

Ethiopia

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Platform as a Service Licensing: BelCash provides its platforms (HelloCash, OneCash, HellOOmarket, HellOOpass, AfricaQR, etc.) as a PaaS solution to financial institutions, MNOs, and fintech companies. Revenue is generated through licensing fees, transaction fees, and service charges to B2B partners who use the infrastructure to serve their end customers.
2. Transaction Fees: The platforms process payments, transfers, remittances, and eCommerce transactions, generating transaction-based fees from the volume of financial activities conducted through the systems.
3. BNPL Fees (HellOOpass): Buy Now, Pay Later services within HellOOpass generate fees from deferred payment arrangements and credit scoring services provided to businesses.
4. eCommerce Services (HellOOmarket): Platform services offered to SME members including marketplace functionality, payment processing, and delivery integration.
5. Data Analytics: Revenue generated through strategic use of data analytics from the extensive transaction network spanning merchants, agents, suppliers, and end users.

Distribution channels7 records

Marketing channels4 records

Core offering

BelCash Technology Solutions PLC operates a Platform as a Service (PaaS) that provides digital financial infrastructure for the African market, including mobile money (HelloCash), neo-banking (OneCash), eCommerce marketplace (HellOOmarket), digital trade financing with BNPL (HellOOpass), smart mPOS (SebSeb), unified KYC (HellOOkyc), and a remittance/top-up API (HelloConnect). The company licenses these white-label platforms to financial institutions, mobile network operators, fintechs, money transfer organizations, retailers, NGOs, and corporations, enabling them to offer digital financial services to end-users across Africa.

Product overview

BelCash Technology Solutions PLC operates as a Platform as a Service (PaaS) provider offering an integrated suite of digital financial services for the African market. The portfolio consists of a core mobile money platform (HelloCash), a neo-banking solution (OneCash), an eCommerce marketplace (HellOOmarket), and a trading eWallet with BNPL (HellOOpass), complemented by specialized modules including FundMeWisely (crowdfunding), SebSeb (mPOS), Mamapays (unified payments), AfricaQR (QR management), HellOOkyc (unified KYC), and HelloConnect (API for top-ups/remittances). These platforms interconnect to serve financial institutions, MNOs, fintechs, retailers, and consumers across Africa, processing over 300 million transactions worth $7 billion.

Differentiator

Problem solved

Functional benefit

Brands

• HelloCash: Mobile money payment platform with multi-currency management, fees and tax management, limits management, wallet services, domestic transfers, remittances, merchant payments, bill payments, currency exchange, and scan to pay features.
• OneCash
• HellOOmarket
• HellOOpass
• FundMeWisely
• SebSeb
• Mamapays
• AfricaQR
• HellOOkyc
• HelloConnect

Products and services

• HelloCash Mobile Money Platform A comprehensive mobile money payment platform providing multi-currency wallet management, fees and tax management, limits management, channel user management, charts of accounts, risk/fraud management with AI-based AML, domestic transfers, international remittances, merchant payments, bill payments, currency exchange, debit card and virtual payments, and scan-to-pay QR code functionality. Built for financial institutions, MNOs, merchants, agents, and end consumers across Africa.
• OneCash Neo Banking Platform A digital neo-banking platform that transforms microfinance institutions into digital banks, offering checking/savings accounts, mobile money accounts, payments/transfers, microloans, bill payments, interbank transfers, international remittances, AI-powered credit scoring, biometric security, mPOS integration, QR code management, debit card services, and digital marketplace. Allows a neobank to launch in 60 days.
• HellOOmarket eCommerce Platform An eCommerce marketplace platform enabling 1,700+ SMEs to sell products with support for mobile money, Visa, Mastercard, and PayPal payments; social media integration; phone/messaging app ordering; QR code payments; and delivery integration with DHL and UPS.
• HellOOpass m-Trading eWallet with BNPL A digital trading eWallet with Buy Now Pay Later (BNPL) capabilities that serves the HellOOnet business network. Enables trade wallet accounts, funding without heavy collateral, POS solutions, AI-powered credit scoring for risk mitigation, and complete value chain support from raw material suppliers to consumers.
• FundMeWisely Crowdfunding Platform A crowdfunding platform connecting donors with projects for personal, charitable, and business-related initiatives, featuring campaign creation, secure payment processing, real-time progress tracking, and global accessibility.
• SebSeb Smart mPOS A mobile POS solution for SMBs enabling digital payments via mobile money, QR codes, and online payments to support cashless transactions across Africa.
• Mamapays Unified Payments App (UPapp) A mobile application built on Cybersource technology that consolidates multiple bank accounts into one platform for seamless fund transfers, merchant payments, and peer-to-peer payment scheduling.
• AfricaQR Manager A pan-African QR code management application enabling financial institutions to generate, scan, and manage customized QR codes containing bank account details, product information, and customer contact information, with analytics including location data, user demographics, and real-time scan tracking.
• HellOOkyc Unified KYC Platform A unified KYC digital onboarding platform that centralizes KYC data across multiple services, with PIN code management, biometric authentication, role management, gig worker onboarding with online training, and commission management linked to eWallet.
• HelloConnect API Platform (eConnect API) An API platform for mobile top-ups, data services, and remittance integrations with major RSPs including TransferTo, Remitly, Western Union, MPESA, Airtel Money, MTN Mobile Money, Ria, MFS Africa, Tawakal, Small World, Mastercard, and Visa. Enables Core Banking System integrations and processes over one million top-ups monthly.

Quantifiable outcome

• Over 300 million transactions processed, exceeding $7 billion in total value since 2015
• +5 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability3 records

Feature10 records

Partnerships

16 partnerships are on record, tiered core and minor.

• TransferTocoreTechnology or IntegrationRemittance Service Provider integrated with HelloConnect API, enabling international money transfers to flow through BelCash's mobile money platform. Processes cross-border remittances for diaspora communities sending money to Africa.
• RemitlycoreTechnology or IntegrationMajor remittance company integrated with HelloConnect, allowing users to receive international transfers directly to their HelloCash mobile wallets at lower costs than traditional wire services.
• Western UnioncoreTechnology or IntegrationGlobal money transfer giant partnered with BelCash through HelloConnect API to enable Western Union payouts to HelloCash wallets in Africa.
• MPESA (Safaricom)coreTechnology or IntegrationAfrica's leading mobile money service integrated for interoperability, enabling cross-network transfers between MPESA and HelloCash users.
• Airtel MoneycoreTechnology or IntegrationAirtel Africa mobile money integration for cross-network mobile money interoperability and fund transfers.
• MTN Mobile MoneycoreTechnology or IntegrationMTN mobile money service integration for cross-border payment interoperability across MTN's pan-African footprint.
• Ria Money TransfercoreTechnology or IntegrationInternational money transfer provider integrated through HelloConnect for wallet payouts to HelloCash users.
• MastercardcoreTechnology or IntegrationCard network integration enabling HelloCash debit cards and virtual payments for both present and non-present transactions globally.
• VisacoreTechnology or IntegrationCard network integration for QR code payments and virtual card services, enabling international payment acceptance at HelloCash merchants.
• MFS AfricacoreTechnology or IntegrationPan-African mobile finance service provider integrating with HelloConnect for cross-border interoperability across African markets.
• Ethio TelecomcoreTechnology or IntegrationEthiopia's state telecommunications provider operating under new regulations allowing Ethiopian-owned companies to offer mobile financial services.
• DHLminorOthersInternational logistics partner integrated with HellOOmarket for international delivery options alongside UPS.
• UPSminorOthersInternational parcel delivery and logistics partner for HellOOmarket eCommerce platform shipments.
• PayPalcoreTechnology or IntegrationPayment gateway integration with HellOOmarket enabling international payment acceptance for African merchants selling globally.
• Telemed PLCminorStrategic or Co-development PartnerHealthcare platform operator providing HelloDoctor medical advice service, fully integrated with HelloCash for patients to access medical treatment and pay through mobile money.
• WOS HoldingcoreStrategic or Co-development PartnerParent company of BelCash R&D, providing strategic direction and ownership of the PaaS technology development.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• M-Pesa (Safaricom / Vodacom): Africa's dominant mobile money platform by users and GMV, serving tens of millions across Kenya, Tanzania and expanding into Ethiopia. Directly comparable to HelloCash in mobile-money wallet, agent network, and B2B2C distribution.
• MTN Mobile Money (MoMo): Pan-African mobile money platform operated by MTN Group across 16+ markets with 60M+ active wallets. Highly comparable to BelCash in cross-border interoperability, agent distribution and B2B platform enablement.
• MFS Africa (Onafriq): Pan-African digital payments hub that connects mobile money operators, banks and remittance providers. Directly comparable to BelCash's HelloConnect API in enabling interoperability and cross-border payouts across African mobile money rails.
• Flutterwave: Africa-focused payments infrastructure platform serving banks and businesses with payment processing, B2B APIs and remittance rails. Comparable to BelCash as a B2B PaaS enabling merchants and financial institutions to accept digital payments at pan-African scale.
• Airtel Money: Airtel Africa's mobile money service operating in 14 African countries. Directly comparable to HelloCash for cross-network mobile-money interoperability, agent-based cash-in/cash-out, and B2B partnerships.
• Telebirr (Safaricom Ethiopia): Ethiopia-licensed mobile money operator launched after the 2020 regulatory reform and now a direct local competitor to HelloCash in the Ethiopian market. Comparable in mobile-wallet features, agent-network model and SME payment acceptance.

Emerging players

• Wave (mobile money): Mobile money operator focused on Senegal, Côte d'Ivoire and other West African markets with strong UX and low fees. Comparable to BelCash in unbanked-market mobile money distribution, offering a useful reference point for cross-border West-African expansion.
• Chipper Cash: Africa-focused cross-border payments platform offering remittances, mobile money transfers and business payments. Comparable to HelloCash and HelloConnect in cross-border wallet-to-wallet transfer flows and diaspora remittance corridors.

Broad incumbents

• Interswitch: Africa's largest payments-processing and digital-commerce infrastructure provider (cards, switching, mobile money). Comparable to BelCash as an end-to-end BaaS and payments processing platform serving banks and corporates across multiple African countries.
• WorldRemit: Global digital remittance company with deep African mobile-money payout footprint. Comparable to BelCash as a partner and partial substitute in cross-border remittances, particularly as an integration counterpart via HelloConnect.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/belcashethiopia
• YouTubeyoutube.com/channel/UCBelCash
• Facebookfacebook.com/BelCash
• LinkedInlinkedin.com/company/belcash

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BelCash Technology Solutions PLC