FasterCapital Backs Nigeria's ParlyPay to Disrupt Africa-Europe Payment Corridors

ParlyPay, a Nigeria-American-based fintech startup is laser-focused on transforming cross-border payments between Africa, the USA and Europe, has announced its strategic partnership with global venture builder FasterCapital through its LaunchUp programme. This collaboration will accelerate ParlyPay's mission to eliminate fraud, inefficiencies, and financial exclusion in the $10B+ international trade market using blockchain and AI-powered technologies.

A Market Ripe for Reinvention
Cross-border trade between Africa and Europe is growing rapidly, but existing payment systems remain slow, costly, and vulnerable to fraud, especially for unbanked individuals, freelancers, and small businesses. With millions of dollars lost annually in Africa and billions of dollars lost globally due to recovery delays, opaque intermediaries, and trust deficits, the global remittance and trade finance sectors are in urgent need of disruption. ParlyPay is targeting this gap with a next-gen, inclusive alternative to traditional banking rails.

ParlyPay's Smart, Secure Payment Platform
ParlyPay enables trustless, transparent payments through a bankless payment channel, and then we are adding a real-time AI-agent-powered fund recovery system for victims of fraud, then adding blockchain-based escrow smart contracts for fraud mitigation and adoption of dispute resolution with an AI agent to eradicate biased judgement in trade disputes. Unlike legacy platforms, ParlyPay does not require users to hold foreign bank accounts. Instead, it empowers underserved markets with tools to send, receive, and track payments safely across borders. With early traction among SMEs and gig workers, ParlyPay is positioned as a credible solution for the unbanked and underbanked in global commerce.

The Value of the FasterCapital Partnership
Through the LaunchUp programme, ParlyPay gains access to FasterCapital's global network, technical expertise, and fundraising support. FasterCapital, led by Hesham Zreik, is known for its rigorous vetting process, backing only high-potential, innovation-driven startups. The collaboration will accelerate ParlyPay's development roadmap, investor outreach, and go-to-market execution over the next 6-12 months.

Executive Quotes
"Our vision with ParlyPay is to make cross-border trade not just possible but safe and seamless for everyone, especially those historically excluded from global finance. Partnering with FasterCapital allows us to scale faster, tap into a deep reservoir of startup knowledge, and raise the capital needed to serve millions more."
- Austin C. Eneanya, Founder of ParlyPay

"ParlyPay impressed us with its use of blockchain and AI to solve a real-world billion-dollar problem. Their commitment to financial inclusion and fraud elimination aligns with the ethos of our LaunchUp programme. We believe this startup can lead a new era of trust in global trade."
- Hesham Zreik, CEO, FasterCapital

Growth Path & Funding Roadmap
ParlyPay is currently raising $500,000 in pre-seed capital to expand its engineering team, complete regulatory onboarding in key African and American markets, and launch pilot programmes with trade partners. Near-term goals include user acquisition across Nigeria, Ghana, the US and the UK, followed by broader EU integration and partnerships with remittance platforms and logistics firms. The startup's long-term ambition is to become the go-to financial layer for Africa-Europe digital trade.

Media Contact:
Rasha Almasri
rasha.almasri@fastercapital.com
+1 (512) 400-0256‬

5830 E 2ND Street
Casper, Wyoming, USA
https://parlypay.com
ceo@parlypay.com

About ParlyPay
ParlyPay is a Nigerian-American fintech company reimagining cross-border payments through a hybrid, agentic AI and blockchain-powered cross-border payment platform tailored for countries operating within trade corridors for freelancers, SMEs, and import/export business owners to combat payment fraud across borders. Founded in 2024, ParlyPay eliminates fraud, improves transparency, and empowers unbanked users to participate in international trade. Its mission is to build a secure, inclusive, and trust-based system for global commerce.

About FasterCapital
FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now the #1 venture builder in terms of the number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programmes, including funding assistance, business development, and technical support. The LaunchUp programme is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.

This release was published on openPR.