According to Oui Capital’s most recent market report (https://apo-opa.co/4mmabvW), Africa’s cross-border remittance market is expected to triple in size to $1 trillion over the next decade, driven by the growing adoption of mobile money, digital wallets, and fintech partnerships. By integrating Mukuru’s technology-driven Southern African infrastructure with MoneyGram’s vast global reach, the partnership will provide millions of customers with better access, flexibility, and security in sending and receiving money.
The partnership offers the following benefits:
- Global Reach: Mukuru customers will now have access to MoneyGram’s extensive payout network across Asia, East and West Africa, with options to receive funds through cash pickup, direct transfers to bank accounts, and mobile wallets.
- Local Strength: MoneyGram customers will benefit from Mukuru’s network of over 1,250 outlets, alongside its extensive agent and partner locations throughout Southern Africa, ensuring reliable last-mile delivery and liquidity.
- Inclusive Choice: The partnership bridges the gap between cash and digital ecosystems, providing services to both banked and underserved customers in emerging markets.
At the core of this partnership is technology-led integration:
- API-driven Interoperability: This enables real-time settlement and seamless switching between digital and cash transactions.
- Mobile-first Access: Customers can easily transact through Mukuru’s app, WhatsApp, USSD, and web channels, aligning with the prevalent customer behaviors across Africa.
- Top-tier Compliance and Security: The partnership ensures safe, regulated transactions that prioritize customer protection while maintaining ease of use.
“This marks a milestone moment for Mukuru and the communities we serve. Through our collaboration with MoneyGram, we are not just extending our network—we are building a technology bridge between traditional cash services and digital ecosystems. Our shared goal is to make cross-border payments simpler, faster, and more inclusive,” said Andy Jury, Group CEO of Mukuru.
Colin Marnewecke, VP of Sales – Africa at MoneyGram, added, “We partnered with Mukuru because of their strong local presence and trusted brand across Southern Africa. What makes this collaboration particularly powerful is our mutual commitment to putting the consumer first. Together, we’re advancing financial inclusion by meeting customers where they are—whether through cash, mobile, or digital channels—and ensuring they receive the best possible experience at the best possible price. This partnership reflects our shared mission perfectly.”
This collaboration builds on both companies’ established records of fintech innovation and their strategic alliances with key global distribution providers.
Kenyan agritech venture studio, Pyramidia Ventures, has successfully raised USD 1.5 million from Dutch impact investor Triple Jump to scale its model of building and expanding climate-focused startups across Africa. The funding package consists of USD 1.3 million in capital and an additional USD 200,000 for technical assistance and business development support, provided by the Dutch Good Growth Fund (DGGF), managed by Triple Jump.
Founded in 2021 by Ruth Bertens, an ex-McKinsey consultant, and Joseph Rehmann, the founder of Victory Farms, Pyramidia Ventures operates as a venture builder. The studio develops and pilots startup ideas in-house before recruiting co-founders to scale them. Among its portfolio is Stable Foods, a company offering irrigation-as-a-service, which has secured USD 600,000 in seed funding. Other ventures in its portfolio include Womega and Afriprotein.
Pyramidia Ventures plans to use this new funding to launch at least two new ventures annually, with a focus on strengthening Africa’s agri-food systems and accelerating the transition to resilient, low-carbon agriculture.
In another significant development, Mukuru, one of Africa’s largest fintech platforms, has announced a strategic partnership with MoneyGram, a leading global payments network for consumers, businesses, and communities. This collaboration will connect Mukuru to MoneyGram’s global network, combining two advanced fintech platforms to offer faster, more affordable, and inclusive remittance services across Africa, Asia, and other regions
