Ukheshe logo —  A leading BaaS enabler and embedded finance provider

Ukheshe

A leading BaaS enabler and embedded finance provider

Founded 2018 United Kingdom London, United Kingdom 87 employees Series A Total: $42.00M Financial Services, Payments

General Information

Company Name Ukheshe
Founded Year 2018
Location United Kingdom London, United Kingdom
Employees 87
Industries Financial Services, Payments
Funding Stage Series A
Social

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About Ukheshe

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.

Business keywords: Fintech Enabler, BaaS, Embedded Finance, Payment Solutions, API Integration, Financial Inclusion, Digital Wallets, KYC, Fraud Detection, Cross-Border Remittance, SMME-focused, Digital Platform, Partnerships with Banks and Telcos, Technology Innovation

Services & Products

Banking-as-a-Service
Embedded Financial Services
Digital Wallets
Digital KYC
Payments
Card Issuing
Cross Border Payments
VAS Services

Target Customers

Banks Fintechs Telcos Financial Service Providers

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $40.00M 2
Fireball Capital, Development Partners International (DPI)
07 Dec 2022
Debt Financing Undisclosed 1
Nedbank
20 Nov 2020
Venture Round $2.00M 1
Nedbank
20 Nov 2020

Ukheshe Alternatives & Competitors

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Ukheshe vs
EMQ Inc.
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Ukheshe vs
NymCard
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IAMTN
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FAQ About Ukheshe

A leading BaaS enabler and embedded finance provider
Ukheshe was founded in 2018.
Ukheshe is headquartered in London, United Kingdom.
Ukheshe operates in Financial Services and Payments. Its work centres on Fintech Enabler, BaaS, Embedded Finance and Payment Solutions. Its customers include Banks, Fintechs and Telcos.
Ukheshe has approximately 87 employees.
Ukheshe has completed 3 funding rounds, raising a total of $42.00M. The latest funding stage is Series A.
Ukheshe offers: Banking-as-a-Service, Embedded Financial Services, Digital Wallets, Digital KYC, Payments, Card Issuing, Cross Border Payments, VAS Services, API-First Platform, Financial Inclusion, Payment Solutions.
Top alternatives and competitors to Ukheshe include EMQ Inc., NymCard, IAMTN, SentBe(센트비), Zazuu. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ukheshe and EMQ Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Ukheshe, https://bouncewatch.com/company/ukheshe, updated 25 February 2025. When citing, please name BounceWatch and link this page.

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