Afrigather Miden, a Nigerian startup that enables companies to challenge digital playing cards to their prospects by its API, has been chosen for Y Combinator’s winter 2024 batch. Miden is the most recent Nigerian startup on this yr’s winter batch after Cleva, the cross-border fee service.
Miden, which gives each USD and Naira digital playing cards for companies, launched in 2022 to unravel the operational challenges companies face managing conventional fee strategies, like excessive transaction charges, complicated paperwork, and gradual card issuance instances. The corporate’s API-based platform permits companies to immediately challenge digital playing cards (USD and Naira denominations) at scale. Per its web site, Miden has issued over 100,000 playing cards and is current throughout 4 nations.
YC appears to be backing remittance startups on the continent for this yr’s winter batch. Cleva, the primary disclosed startup, creates greenback accounts to assist people and companies obtain worldwide funds.
YC made an identical wager in its 2022 winter batch, deciding on Grey, a Nigeria startup offering international accounts for customers; Bloom, a Sudanese startup; Plumter, a Nigerian API supplier for cross-border fee; Nash a Kenyan fintech for borderless and Lenco, a Nigerian fintech. In 2023, the accelerator chosen Vault Pay, a funds infrastructure firm from DRC Congo, Nigeria’s meals supply startup ChowCentral and Rwanda’s Eden Care.
*This can be a growing story
