Divest

Digital Remittance and Cryptocurrency Exchangeusedivest.com

Divest is a Delaware-incorporated mobile fintech offering cross-border money transfers and cryptocurrency exchange (fiat and stablecoins) across Nigeria, Ghana, Kenya, and South Africa, serving 150,000+ consumer users and B2B clients via its self-serve app and direct sales channel.

Company typePrivate
Founded-
HeadquartersDelaware, United States
Headcount11–50
GTM typeB2B and B2C
OfferingServices

What Divest does

Divest is a mobile-first fintech platform that combines international money transfer and cryptocurrency exchange services targeted at African markets. Operating under Divest LLC, a Delaware-incorporated entity, the company supports cross-border value transfer across Nigeria, Ghana, Kenya, and South Africa using both fiat currencies (NGN, USD, EUR, GBP) and digital assets (USDT, USDC, BTC, ETH), and claims a user base of over 150,000 consumers. Its core consumer offerings include Money Xchange for instant currency conversion, Crypto to Cash for liquidating cryptocurrency holdings into local fiat bank or mobile money balances, and Divest Rewards for retention. The platform also runs a B2B product, Divest Business Trading, with services such as a Fiat Crypto Gateway (NGN to stablecoins), Crypto Liquidation (stablecoins to local currency), and an On and Off Ramp for end-to-end NGN-to-stablecoin-to-local-currency settlement aimed at cross-border supplier payments and large-volume crypto transactions.

Distribution is dual-track: a self-serve mobile app on Google Play and the Apple App Store for consumers (with Instagram cited as an acquisition channel), and a direct enterprise sales motion for business clients. Revenue is generated through transaction-based fees and FX spreads on currency exchange, crypto conversion, and stablecoin services; no subscription tiers or publicly disclosed pricing schedules are provided. The company operates with approximately 20 employees, has no disclosed funding rounds, no parent company, and no disclosed regulatory licenses or compliance certifications in the available materials.

Divest firmographics

Firmographics

Name: Divest
Legal name: Divest LLC
Website: https://usedivest.com
Company type: Private
Operating status: Operating
Headcount range: 11–50 employees
Short description: Divest is a Delaware-incorporated mobile fintech offering cross-border money transfers and cryptocurrency exchange (fiat and stablecoins) across Nigeria, Ghana, Kenya, and South Africa, serving 150,000+ consumer users and B2B clients via its self-serve app and direct sales channel.
Ownership category
akta.pro rank

Divest industry classification

Industry

Product category: Digital Remittance and Cryptocurrency Exchange
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
SIC: Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
akta.pro primary industry: On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
akta.pro secondary industries: Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Crypto-Enabled Cross-Border Transfers & On/Off-Ramps (FSAGAKAO), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

Cross-border payments
Cryptocurrency exchange
International remittance
Stablecoin trading
Currency conversion

Where Divest is headquartered

Location

Headquarters

HQ city: Delaware
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Divest business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

Currency Exchange and Transfer Fees: Revenue generated from foreign exchange spreads and transaction fees when users convert currencies or transfer money across borders. The platform displays live exchange rates with fees that update in 45-second intervals.
Cryptocurrency Trading Services: Revenue from cryptocurrency conversion services including fiat-to-crypto gateway, crypto liquidation, and stablecoin swaps for business clients.

Pricing tiers

Model	Billing	Price
Transaction based/ take rate	Pay-as-you-go	Standard transaction-based pricing

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Divest product offering

Product offering

Core offering

Divest operates a mobile-first cryptocurrency exchange and international remittance platform focused on African markets. It enables users to buy and sell cryptocurrencies (USDT, USDC, BTC, ETH), convert local currencies across Nigeria, Ghana, Kenya, and South Africa, and convert crypto holdings to local fiat delivered to bank accounts or mobile wallets. The platform also serves businesses with bulk cryptocurrency transactions, supplier payments across borders, and stablecoin liquidation services.

Product overview

Divest offers a unified financial platform for cross-border payments and cryptocurrency trading across Africa. The core product suite consists of Money Xchange for fiat currency conversion, Crypto to Cash for cryptocurrency liquidation, and Divest Rewards for customer retention. For business customers, Divest Business Trading provides enterprise-grade tools including fiat-to-crypto gateway services, on/off ramps, and large-volume crypto trading capabilities for assets like USDT, USDC, BTC, and ETH.

Differentiator

Problem solved

Functional benefit

Brands

Money Xchange: A fast, secure service that lets users convert their local currency into another country's currency for spending or sending funds.
Crypto to Cash
Divest Rewards
Divest Business Trading
Fiat Crypto Gateway
Crypto Liquidation

Products and services

Money Xchange

Companies that use Divest

Customer profile

Named customers5 records

Segments7 records

Ideal customer profiles2 records

Divest technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Divest partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Divest competitors and assessment

Company assessment

Direct peers

NoOnes (formerly Paxful): P2P crypto trading platform with strong African user base, enabling direct fiat↔crypto exchange across NGN, GHS, KES, ZAR, and other local currencies. Comparable to Divest in serving underbanked African crypto users.
Sendwave: Mobile remittance app focused on African corridors, supporting transfers from the diaspora to countries including Nigeria, Ghana, Kenya, and others. Directly competes with Divest's Money Xchange product for cross-border personal transfers.
Chipper Cash: Africa-focused mobile remittance and payments app with crypto on/off-ramp functionality, serving individuals and businesses across multiple African markets. Closely overlaps Divest's customer base and use cases.
Yellow Card: Pan-African crypto exchange and on/off-ramp operating across 20+ African countries including Nigeria, Ghana, Kenya, and South Africa. Directly comparable to Divest in fiat↔crypto conversion, mobile-first distribution, and African corridor focus.

Regional players

Valr: South Africa-based crypto exchange supporting ZAR pairs and serving African crypto traders. Comparable to Divest's Crypto to Cash and trading products in the Southern Africa market.

Emerging players

Quidax: Nigeria-based crypto exchange and on/off-ramp supporting NGN pairs for retail and business users. Closely comparable to Divest in fiat↔crypto gateway and Nigerian market focus.
Bundle (acquired by Yellow Card): African social payments and crypto-enabled cash app acquired by Yellow Card. Overlaps with Divest in mobile-first African crypto and remittance use cases.

Broad incumbents

WorldRemit: Established global remittance platform with strong African receiving coverage including NGN, GHS, KES, and ZAR. Competes with Divest on cross-border money transfer but with a much broader global footprint.
Binance: World's largest crypto exchange offering P2P trading and on/off-ramp services in African markets including NGN, GHS, KES, and ZAR pairs. A dominant competitor Divest must position against in retail crypto.
Luno: Global cryptocurrency exchange with strong African presence (Nigeria, Kenya, South Africa, Uganda). Competes with Divest on crypto trading and on/off-ramp but operates a broader multi-continent business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Divest financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Divest leadership team

Management profile

Number of profiles

Divest funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Divest M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Divest

What does Divest do?

Is Divest a public or private company?

Divest is a private company. It is classified as unknown and is currently operating.

When was Divest founded?

Divest was founded in -1. It employs 11 to 50 people.

Where is Divest based?

Divest is headquartered in Delaware, United States, in the North America region.

How does Divest make money?

Two revenue lines are on record. Currency Exchange and Transfer Fees are the primary driver. The others are cryptocurrency Trading Services.

Who are Divest's main competitors?

Direct peers on record are NoOnes (formerly Paxful), Sendwave, Chipper Cash and Yellow Card. Valr is listed as a regional player. Emerging players are Quidax and Bundle (acquired by Yellow Card). Broad incumbents are WorldRemit, Binance and Luno.

Does Divest have an API?

No public API is recorded for Divest.

What industry is Divest in?

Divest's product category is Digital Remittance and Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks, with a secondary code of FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers. Its NAICS code is 52232 and its SIC code is 6200.