onafriq
Connecting Africa's mobile networks through a single API for seamless digital payments and remittances.
501-1000 employees · est. 2009
PAL
Proprietary payment processing for francophone West African businesses and emerging economies.
9 employees · est. 2021 · Abidjan, Cote D'ivoire (ivor...
onafriq is the older company (2009 vs 2021); onafriq is the larger of the two.
Side-by-Side Comparison
| Metric | onafriq | PAL |
|---|---|---|
| Founded | ||
| Founded | 2009 older | 2021 |
| Headquarters | ||
| Headquarters | Not tracked yet | Abidjan, Cote D'ivoire (ivory Coast) |
| Employees | ||
| Employees | 501-1000 larger | 9 |
| Industry | ||
| Industry | Financial Services, Fintech, Payments | Finance, Financial Services, Payments |
| Funding Stage | ||
| Funding Stage | Series C | Grant |
| Total Funding | ||
| Total Funding | $220.20M | Not tracked yet |
| Funding Rounds | ||
| Funding Rounds | 9 | 1 |
| Services | ||
| Services | Not tracked yet | Not tracked yet |
| Target Customers | ||
| Target Customers | Not tracked yet | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Mobile Money, Interoperability Platform, Digital Payments, Remittances, API Integration, Cross-border Payments, Merchant Payments, Bulk Payments, Bank-to-wallet Transfers, Mobile Payments, Offline Payments, Domestic Payments | 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 | mfsafrica.com | pals.africa |
About onafriq
onafriq, operating under the ethos of "Connecting Africa's mobile networks through a single API for seamless digital payments and remittances," is solidifying its status as a cornerstone in the African fintech sector. Founded in 2009, the company has positioned itself at the forefront of financial i...
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...
We will tell you when either one moves
BounceWatch watches onafriq 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 onafriq and PAL — by email.
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Compiled from the BounceWatch company index. We last looked at onafriq on 10 Mar 2025, 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.