Kappa Pay, a cross-border payments platform serving businesses in Sub-Saharan Africa, has raised $20 million in growth funding from a European venture capital firm. The investment will fuel the company’s expansion, strengthen banking partnerships, and develop its payment infrastructure across the continent. African businesses import over $700 billion in goods and services annually, but face challenges with slow, expensive international supplier payments and risks associated with informal markets. Kappa Pay offers a regulated and technologically advanced platform for SMEs and large companies to facilitate these transactions. The platform provides faster settlement times, transparent pricing, and access to global liquidity, improving cash flow management and international credibility. This funding will allow Kappa Pay to meet growing demand, expand financial capabilities, and deploy its infrastructure in key African markets.