Ukheshe is a leading fintech enabler and embedded finance provider that focuses on revolutionizing the world of payments by making disparate technologies accessible. The company's Eclipse API, in partnership with banks, telcos, and financial services providers, facilitates financial inclusion by offering tailored payment solutions to customers. Since its establishment in 2018, Ukheshe has expanded to 40 markets, with 3 million apps utilizing its API and has onboarded 500,000 merchants. The company has also partnered with 18 banks and fintechs, processing over $15 billion in transactions.
Ukheshe's Eclipse API stands out as an innovative orchestration framework that allows for single API integration, providing access to multiple payment solutions and third-party products. This feature enables partners to customize their payment products according to their specific fintech propositions. The Eclipse API encompasses a wide range of functionalities, including user authentication and KYC, virtual and prepaid cards, digital wallets, loan management, messaging, fraud detection, payments and cross border remittance, eCommerce, Mastercard/VISA acquiring and issuing.
Several notable organizations, such as Nedbank, MTN, Vodacom Financial Services, Telkom, Standard Bank, Mastercard, and Sasai Fintech, are among Ukheshe's clientele. The company has garnered recognition, receiving accolades such as the Inclusive Fintech 50, being named a LinkedIn Top Startup 2022 and receiving a KPMG Tech Innovator Runner-up award. Ukheshe's recent Series A investment round on 07 December 2022 amounted to an impressive $40.00M. The funding was secured from Fireball Capital and Development Partners International (DPI). Ukheshe has also been a part of significant industry events, such as the Singapore Fintech Festival and was a cohort member of Catapult Inclusion Africa, with the company being endorsed by the World Bank.