MagmaSend
MAGMA caters to the African diaspora and businesses in providing seamless, instant and low cost crossborder transfers
24 employees · est. 2021 · Abidjan, Cote D'ivoire (ivor...
PAL
Proprietary payment processing for francophone West African businesses and emerging economies.
9 employees · est. 2021 · Abidjan, Cote D'ivoire (ivor...
MagmaSend is the larger of the two.
Side-by-Side Comparison
| Metric | MagmaSend | PAL |
|---|---|---|
| Founded | ||
| Founded | 2021 | 2021 |
| Headquarters | ||
| Headquarters | Abidjan, Cote D'ivoire (ivory Coast) | Abidjan, Cote D'ivoire (ivory Coast) |
| Employees | ||
| Employees | 24 larger | 9 |
| Industry | ||
| Industry | Finance, Financial Services, Banking | Finance, Financial Services, Payments |
| Funding Stage | ||
| Funding Stage | Not tracked yet | Grant |
| Total Funding | ||
| Total Funding | Not tracked yet | Not tracked yet |
| Funding Rounds | ||
| Funding Rounds | Not tracked yet | 1 |
| Services | ||
| Services | Not tracked yet | Not tracked yet |
| Target Customers | ||
| Target Customers | Not tracked yet | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Crossborder Transfers, Money Transfer Operator, Financial Technology, API Integration, Mobile Payments, Payment Infrastructure, Seamless Transactions, Aggregator, Instant Transfers, Low-cost Transfers | Payment Processing, Mobile Money, Digital Wallet, Cross-border Payments, API Integration, Agent Banking, Financial Inclusion, Emerging Economies, SME Services, Cash Liquidity, Transaction Volume Growth, Francophone Africa, International Money Transfers, Bill Payments, Merchant Services |
| Website | ||
| Website | magmasend.com | pals.africa |
About MagmaSend
MagmaSend is a financial technology startup founded in 2021 that aims to revolutionize the cross-border payment experience for the African diaspora and businesses. The company's slogan "MAGMA caters to the African diaspora and businesses in providing seamless, instant and low cost crossborder transf...
About PAL
PAL is a startup offering proprietary payment processing for francophone West African businesses and emerging economies. The company's digital wallet facilitates intra-Africa cross-border payments to mobile wallets and bank accounts within emerging economies, including the FCFA Zone, Ghana, and Nige...
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BounceWatch watches MagmaSend and PAL for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at MagmaSend and PAL — by email.
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Compiled from the BounceWatch company index. We last looked at MagmaSend on 28 Oct 2024, and PAL on 10 Mar 2025. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.