The funding comes after the company partnered with the Bank of Central African States (BEAC) to create the first foreign exchange system designed for small importers in Central Africa.

The new mechanism enables businesses to complete international payments of under $10,000 quickly and safely, while adhering to all banking regulations.

Investors in the round include Ingressive Capital, Launch Africa, 54 Collective, Digital Africa, and Techmind.

Angel investors, including Christophe Chausson of Chausson Partners, Mathias Léopoldie of Julaya, Marième Diop of Dakar Network Angels, and Joël Nana Kontchou of Makoe Ventures, also participated.

Africa imported goods worth over $600 billion in 2023, but small traders still face big problems such as long payment delays, high costs, fraud, and strict banking limits.

Most banks do not process trade transactions below $50,000, leaving many entrepreneurs without options.

Founded in 2023, REasy connects African payment systems like Orange Money, MTN Mobile Money, and bank transfers with international platforms such as Alipay, WeChat Pay, and UnionPay.

The company plans to add customs and freight services to make the entire trade process simpler.

“Our goal is to make it as easy for African entrepreneurs to pay foreign suppliers as it is for anyone in Europe or Asia,” said REasy co-CEO Brice Mba.

The BEAC partnership gives REasy an advantage by allowing real-time reporting to regulators and smooth, compliant payments for small businesses. 

The company already has thousands of users trading between China and Cameroon, a route that saw $3.71 billion in imports last year.

According to Launch Africa’s investment manager, Lina Kacyem, REasy’s regulatory work with BEAC gives it a strong lead in solving long-standing trade challenges.

Ingressive Capital’s Maya Horgan Famodu added that REasy offers “a secure and simple solution that works for both importers and regulators.”