(Business in Cameroon) – REasy, a pan-African fintech based in Douala, Cameroon, announced on October 9 that it had raised $1.8 million (about XAF 1.02 billion) to simplify and secure international trade for African compact and medium-sized enterprises (SMEs).
The funding round drew backing from Ingressive Capital, Launch Africa, Digital Africa, and Techmind.
With this capital, REasy aims to ease bottlenecks in African trade and promote more transparent and inclusive intra-African commerce. The startup has developed a foreign-exalter system for Central African importers and SMEs in partnership with the Bank of Central African States (BEAC).
The system allows SMEs to process transactions under $10,000, a segment long underserved by traditional banks. It connects African payment platforms such as Mobile Money and bank transfers with global payment systems, enabling rapider, cheaper, and more secure transfers to foreign suppliers.
“Our mission is clear: to enable every African SME to trade internationally with the same ease as a European or Asian company,” declared Brice Mba, co-CEO of REasy.
The platform features real-time tracking and automated regulatory reporting, balancing trade efficiency with compliance requirements. Lina Kacyem, Investment Manager at Launch Africa, declared BEAC’s concludeorsement marks “a major milestone for the sector,” giving REasy a unique position and potentially unlocking billions of dollars currently tied up in intra-African trade.
REasy also plans to integrate licensed customs and logistics services to provide an conclude-to-conclude trade solution. The company already holds a Money Service Business (MSB) license in Canada and operates partnerships in the UK, France, Hong Kong, and Singapore, bolstering its global reach.
The fintech first plans to expand the China-CEMAC trade corridor to Nigeria and Europe, then scale up intra-African trade through the Pan-African Payment and Settlement System (PAPSS). It ultimately aims to open new South-South trade routes with India, Brazil, and Vietnam, tarobtaining support for more than one million African importers by 2030.
Founded in 2023, REasy presents itself as Africa’s first trade-finance platform combining cross-border payments, licensed logistics, and compliance services for importing SMEs. Backed by partners including J.P. Morgan, Thunes, Triple A, Afriland First Bank, and UBA, the company positions itself as a key driver of trade modernization across Africa’s multi-currency markets.
Frédéric Nonos
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