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# Kyshi Launches Cross-Border Platform for Businesses and African Online Merchants
- URL: https://www.techloy.com/kyshi-launches-business-plaform-beta/
- Published: 2023-04-21T14:21:28.000Z
- Updated: 2023-04-21T14:21:28.000Z
- Author: Acquah Nana Yeboah
- Tags: / Fintech, Tech in Africa

Kyshi, an African-focused fintech company, has launched a beta version of its platform, "[Kyshi for Business](https://www.kyshi.co/kyshi-business)," which aims to help businesses transact across multiple countries, including the UK, U.S., Canada, China, and several African nations, including Nigeria, Ghana, Kenya, South Africa, and Senegal.

The UK-headquartered fintech startup, which was founded in July 2020 by Ayo Akindele, has raised a total of $420,000, with its latest funding of $100,000 raised in May 2022.

The platform addresses various challenges businesses encounter when conducting cross-border transactions, such as compliance requirements and foreign exchange management. It offers real-time transaction tracking, virtual account generation, and international payment processing in over 100 countries.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/04/image-106.png)

Image: Kyshi

Kyshi for Business also supports accounting integrations to enable businesses to keep track of their transactions seamlessly. Kyshi also provides a mobile app marketplace, Kyshi Connect, that allows African online merchants to accept diaspora payments from millions of Africans residing in the UK, US, EU, and Canada.

The company offers 2% - 3% cashback on all purchases made through Kyshi Connect, including airtime, data plans, health plans, auto/gadget insurance, utility bills, cinema/event tickets, shipping, and other services.

Kyshi's platform promises to be a one-stop solution for businesses seeking to conduct cross-border transactions and provides a new avenue for African online merchants to expand their customer base. The company is positioning itself as a trusted cross-border business partner and is open for businesses to join the beta version of the platform.