Fintech startup, Cardri, has launched its intra-Africa payment solution.
As intra-African trade suffers from delays, high fees, and complexity of navigating 42 currencies, Cardri’s platform promises a seamless solution — allowing users to fund their wallets in local currency (naira) and make instant cross-border payments to African countries.
Beyond Africa, the app supports global payouts to 92 countries, instant domicilliary funding and even Alipay and Chinese account funding — opening up frontiers for businesses and individuals seeking to operate internationally.
But the most revolutionary feature is Cardri’s AI-powered risk management tool to help users hedge against currency fluctuations, inflation shocks and others. While still in development, this tool is critical for small businesses and importers navigating unpredictable market conditions.
According to founders, the goal is to make Cardri Africa’s Financial Super App, combining payments, reach and smart risk management in a single ecosystem.
With African Continental Free Trade Area (AfCTA) gaining momentum, this could bridge the financial divide holding back intra-African commerce to create a frictionless economy where money moves easily as ideas and businesses are able to protect themselves from market volatilities all from a single app for the first time