Fast-growing fintech startup Vepay Technologies is strengthening its footprint in
Africa’s digital finance space with a broader range of services built to make payments
simpler and more accessible for individuals and businesses. Founded by Oluwagbenga Agunbiade, Vepay began operations earlier this year witha straightforward mission to make international payments easy for everyone.
Itsvirtual dollar card quickly gained traction among users who needed a reliable way to
pay for global subscriptions, digital tools, and online services. Now, the company is steppinginto its next growth phase with new services thatinclude cross-border money transfers, bill and airtime payments, cable TV subscriptions, and a POS model designed to support merchants and small business owners across Nigeria.
“We started with virtual cards to help people make seamless international payments,” said Oluwagbenga Agunbiade, Founder and CEO of Vepay. “But Africa’s payment needs go beyond that. This next step is about giving people one trusted platform to send money, pay
bills, and manage their everyday transactions easily.” With this expansion, Vepay is evolving from a single-product solution into a more connected financial platform that bridges both local and international payment experiences. The introduction of its POS solution also reflects the company’s focus on empowering Nigeria’s informal market – where cash and manual transactions still dominate.
Oluwagbenga emphasized that Vepay’s vision goes beyond technology – it’s about creating real access and inclusion. “Our goal has always been to build something that truly works for
everyone,” he said. “From students paying for online courses to small shops processing daily sales, we want payments to be easy, fast, and reliable.”
Looking ahead, Vepay plans to roll out more financial products aimed at making money movement and management simpler. Upcoming releases will include wallet and savings tools, expanded card options, and smarter features for both personal and business users.
“We’re continuously improving and adapting,” Oluwagbenga added. “This is just the beginning. We’re building a system that brings trust, flexibility, and simplicity to the way Africans make and receive payments.” As Vepay continues its expansion across new African markets, the company remains focused on its founding vision – bridging the gap between local and global finance while keeping every transaction seamless, secure, and accessible to all.
