To bolster access to financial services in Africa, which remains weak, fintech companies have been developing various solutions that fit the African market, and answer the needs of its people.

Two weeks ago, Syca SAS, an Ivorian tech startup launched in 2015, joined the incubation and acceleration program of Scaleway, a cloud infrastructure services provider. The startup was selected with its first module, SycaPay, which launched in 2016.

"This collaboration provides us with an excellent opportunity to accelerate our development and strengthen our position in the market. We look forward to working closely with the Scaleway team and benefiting from their expertise and resources to continue providing innovative solutions to our customers," Mouhamadou Diop, CEO of SycaPay, said.

SycaPay is a fintech solution developed by the startup. It helps companies receive payments from their customers via mobile money, QR codes, and Visa and MasterCard bank cards. The mobile app is available on both iOS and Android. 

After downloading the app, businesses must create an account providing the necessary information. Afterward, they can get payments and track their inflows and outflows from their dashboard.

For e-commerce operations, SycaPay offers an application programming interface (API) integration option. "Integrated into an e-commerce website, SycaPay allows merchants to accept mobile money payments without needing an account with every operator," as stated on the platform.

The Android version of the mobile application has been downloaded over 1,000 times. While currently available only in Ivory Coast and Senegal, the fintech company is working towards covering all UEMOA and CEMAC markets.

Adoni Conrad Quenum