Fincra, a Lagos-based fintech, is tackling the inefficiencies of cross-border payments in Africa by building new payment rails. Their API-driven network aims to make moving money across the continent as easy as sending a text, addressing issues like fragmented currencies, uneven regulations, and outdated financial infrastructure.

• Fincra aims to transform intra-African trade, which currently accounts for barely 15% of the continent’s commerce.
• The startup focuses on allowing direct settlement in African currencies, bypassing the costly reliance on USD and Euro corridors.
• Fincra's infrastructure supports over 40 currencies and provides real-time settlement tools, aiming to unify fragmented payment flows into a data-driven network.