Financial technology (fintech) startups are experiencing rapid growth across Africa, driving financial inclusion by offering individuals and businesses easier access to a wider range of financial services. These innovative companies leverage technology to provide services like mobile money transfers, digital payments, and online lending, often reaching segments of the population traditionally excluded from traditional financial institutions.

Benin-based fintech FeexPay, launched in May 2023, announced its expansion into Togo, Côte d'Ivoire, Burkina Faso, and Senegal on Tuesday. The platform, developed by JH Trading, aims to simplify financial transactions for businesses and merchants by enabling payments via mobile money and bank cards.

"We launched FeexPay to significantly contribute to financial inclusion in Africa," said founder Jean Hugues Houinsou in an interview with We Are Tech Africa. "This expansion into four new countries marks a significant step forward, but we remain committed to doing more for the benefit of the African population."

Unlike many fintech solutions, FeexPay operates solely through its website, avoiding the need for a mobile app. Users create accounts by providing personal details and company information, followed by document verification. Once validated, businesses can receive payments via various methods, including Visa, Mastercard, and mobile money.

The platform features functionalities such as FeexLink, which generates payment links to be shared with customers via various channels; FeexCorporate, which enables mass payments to be made to employees, customers, or suppliers; and FeexMarket, which provides access to a single payment link for all of a store's products.