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# Zambia's Union54 raises $12 million
- URL: https://www.techloy.com/zambias-union54-raises-12-million/
- Published: 2022-04-18T23:16:26.000Z
- Updated: 2022-04-21T21:57:06.000Z
- Description: Union54's API allows African software companies to issue and manage their debit cards without requiring a bank or third-party processor.
- Author: Techloy
- Tags: / Fintech, Zambia, union54, / Startups

Zambian card-issuing fintech [Union54](https://union54.com/) has raised $12 million in a seed extension round led by Tiger Global, with participation from Vibe VC, Earl Grey Capital and Not Boring Capital.

- Union54's API allows African software companies to issue and manage their debit cards without requiring a bank or third-party processor.
- The fintech startup says it has issued over half a million virtual debit cards to its customers.
- Launched in October 2021, the Y Combinator-backed startup raised $3 million in a seed round last year, which was also led by Tiger Global. The latest funding brings its total raise to date to $15 million.