Scale secures $700,000 in pre-seed funding to simplify card issuing and payments in Africa
Summary
With the backing of our esteemed investors and partners, we are well-positioned to expedite our ecosystem engagement, build trust with African businesses and continue to strongly focus on solving major pain points when enabling card rails by delivering unrivalled, world class service, Perumal says.According to Hetal Patel, Chief Investment Officer at 54 Collective, by simplifying the card-issuing process and addressing key pain points, Scale is uniquely positioned to unlock value for its clients, many of whom offer products and services for the underserved, like women and youth.At 54 Collective, we believe in backing ventures poised to disrupt industries and drive real impact across the continent, including through widening financial inclusion and enabling entrepreneurship and business growth. Even as numerous fintech solutions emerge, the card still remains the gold standard, especially as cross border transactions become an increasing necessity.Card penetration within the African market hasnt been an easy job at all until now. Scale is tackling the complex task of card issuing with remarkable ease, across multiple countries, and significantly improving the lives of people across the continent, Saiki says.The combination of the teams decades of collective experience, spanning more than 40 African nations, with their dedication to moving Africa forward, Scale has the ability to change what was once an ambitious goal, into an achievable reality, he notes.Scale is actively engaging global investors and partners for similar collaborations, aiming to empower any-tech business with payment and card use cases in Africa. With our unmatched expertise, finely-honed skills, and core focus on execution, we are more than a funded operationwe are a promise kept, concludes Perumal.For more information about Scale and its innovative solutions, please visit https://enabling-scale.com/Scale is an African founded, people-first powerhouse, that is passionate about shattering fintech barriers across Africa. Scale specialises in card issuing enablement that help fintechs achieve their Go-To-Market and Speed-To-Revenue strategies, leveraging their expertise and innovative tech stack to accelerate onboarding and product launches.Its secret weapon?