Oneremit Scaled African Cross-Border Payments
Founded in 2024, the platform has processed over $200 million in transactions for more than 1,000 businesses.
Updated on Sept. 24, 2026 in Financial Services
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Oneremit has expanded its payment services for African businesses since its founding in 2024. The company currently facilitates transactions across more than 100 currencies.
Why it matters
The platform was created to resolve the high costs and lack of human support typically associated with cross-border payments for businesses operating in African markets.
Oneremit has processed more than $200 million in transactions over 18 months while supporting over 1,000 businesses across 100 currencies. The company utilizes OwlPay for stablecoin settlement, accounting for over $15 million in processed volume.
The players
Oneremit
This payment platform facilitates cross-border financial transactions for businesses operating within African markets.
OwlPay
This technology provider supplies the stablecoin settlement rails used by Oneremit to manage international transaction volumes.
The details
Oneremit differentiates its platform by offering transparent, upfront fee structures and pairing every client with a dedicated support contact. These features aim to eliminate the common problem of opaque foreign-exchange spreads on international business payments.
Timeline
Oneremit was founded in 2024.
A private executive roundtable for 40 finance leaders was hosted in August 2026.
The company plans to expand into new markets and customer segments over the next six months.
Market Landscape
Oneremit follows the broader industry trend of integrating stablecoin technology to bypass traditional banking inefficiencies in African markets. This move positions the firm against legacy payment providers that rely on slower, high-cost settlement methods.
Businesses using the platform benefit from reduced foreign-exchange costs and direct human support during international transactions. These services aim to provide more predictable expense management compared to platforms with hidden fee structures.
The takeaway
Reliable cross-border payments require both technical settlement speed and human oversight to manage complex international transactions. Businesses seeking to reduce overhead should evaluate the transparency of fee structures before committing to a provider.
Further reading
Learn more about the latest industry developments in Financial Services.
Source note: This article includes information reported by THISDAYLIVE.
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