African Crypto Payment Startup, Ivorypay, gets backed by Crypto Valley VC

April 13, 2023
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2 min read

Venture Capital firms around the world are constantly in the search for innovative solutions and outstanding ideas to back. There has been a special attention given to projects in the crypto space in recent years. This is because blockchain-based solutions are considered to be the next big trend in global technological evolution.

Crypto Valley VC (CV VC) has been one of the VC firms dedicated to funding crypto startups. It does this through its accelerator program where it handpicks promising blockchain projects and grooms them into household names in the Web3 space. 

CVVC recently kickstarted its 5th global blockchain startup accelerator where it selected nine innovative projects to work with. Ivorypay, a crypto payments solution based in Africa, was selected as one of the projects to partake in the current round. The CVVC batch 5 accelerator consists of innovative projects from around the world in payments, web3 dev training, regenerative finance, gaming infrastructure, no-code tools, marketplaces, and BNPL services.

Ivorypay’s selection is significant as it is only one of three African projects that made the round. Its innovative solution aims to facilitate blockchain-based online and offline payments on the African continent. Ivorypay specifically seeks to remove the barriers to intra-country and cross border payments for African businesses. 

It is common knowledge that businesses in Africa face a myriad of challenges. These challenges range from the high cost of local and cross-border transactions, to foreign exchange restrictions on dollar-based online purchases , and the uncertainty on transaction completion time. All of these challenges are what Ivorypay is solving for African businesses with blockchain technology.. 

Ivorypay’s innovative online and offline payment solution enables businesses to accept payments in stable cryptocurrency through QR codes, payment links, and checkout buttons. It also provides SMEs and social commerce businesses with a digital storefront where they can showcase their products and accept instant payments in stablecoins for product sold. 

Ivorypay’s solutions therefore, seem perfect for the African continent. It gives a lifeline to businesses and tackles one of the major barriers that African businesses face. It is the latest innovation in a long list of innovative trends to ease the African business climate.

As part of the accelerator program, Crypto Valley VC is providing Ivorypay with capital funds, as well as opening up access to other funding avenues. Ivorypay is also currently partaking in the 10-weeks CVVC bootcamp where it will receive one-on-one mentorship and learn customized growth hacks. This is with a view to building a solid blockchain infrastructure that offers viable crypto payment solution for African entrepreneurs.

Ivorypay is currently available to businesses in Nigeria, Ghana, South Africa, and Kenya. Merchants and businesses in these countries can accept crypto payments through Ivorypay. 

For business and enquiries, you can contact Ivorypay through any of the options listed below;

Email: info@ivorypay.io

Office address: 

South Africa: 24 cade street, Southcreast-Alberton, Johannesburg, Gauteng, 1449.

Nigeria: 

7 Ibiyinka Olorunbe, Victoria Island 101241, Lagos, Nigeria 

You can also fill the contact form here

Reach and follow Ivorypay on Socials:

Twitter: https://twitter.com/ivorypay 

Instagram: https://www.instagram.com/ivorypay.io 

LinkedIn: https://www.linkedin.com/company/ivorypay/ 

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

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