Beyonic
Beyonic is a financial services provider that offers digital payment solutions to businesses in Africa. Their software and APIs help companies collect mobile money, bank payments, and pay suppliers more easily across Africa.
mobile-payments
digital-payments
africa
apis
money-transfer
Beyonic: Digital Payment Solutions for African Businesses
Beyonic is a financial services provider that offers digital payment solutions to businesses in Africa. Their software and APIs help companies collect mobile money, bank payments, and pay suppliers more easily across Africa.
What is Beyonic?
Beyonic is a financial technology company founded in 2014 that provides digital payment solutions for businesses operating in Africa. Headquartered in Kampala, Uganda, Beyonic aims to make it easier for companies to collect payments and payouts across Africa.
Beyonic offers several key products and services:
- Payment collection - Beyonic provides an API and dashboards that allow businesses to easily collect mobile money, cards, bank payments from customers across various African countries. This helps solve the fragmentation of payment types across Africa for businesses.
- Supplier & vendor payouts - The Beyonic platform can automate and schedule commission payouts, payroll, supplier payments at scale across Africa through bank accounts, mobile money wallets and cash pickup locations.
- Working capital - Beyonic provides working capital and cash flow solutions for businesses using its own balance sheet.
- Business intelligence - Analytics and business reporting features provide visibility into a company's financial transactions and performance.
By abstracting away the complexity of navigating across multiple payment providers and methods in Africa, Beyonic makes digital transactions faster, simpler and more transparent for its business users. The company has raised over $12 million in funding and works with over 60,000 businesses across Africa.
Beyonic Features
Features
- Mobile money collection
- Bank account payments
- Bulk payouts
- Recurring billing
- Payment links
Pricing
- Freemium
- Subscription-Based
Pros
Easy integration
Wide coverage in Africa
Good support
Intuitive dashboard
Cons
Limited to African countries
Transaction fees
Can be slow at times
Official Links
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