Union54

Union54 is an API that allows African software companies to issue and manage their debit cards without needing a bank or third-party processor.

Union54's easy-to-integrate API technology is aimed at giving companies access to card-issuing without the hassle of compliance.

Union54 was founded in 2020 by Perseus Mlambo and Alessandra Martini. The company is headquartered in Lusaka, Zambia.

 

Union54's bullet-proof RESTful API is supported by clean and crisp technical documentation making the process of issuing cards straightforward. It provides BIN sponsorship, transaction processing and settlement via one API.

 

Union54 currently serves over 60 companies, ranging from digital banks, BNPL, Delivery Companies. Its partners include African unicorn Flutterwave and newer companies such as Payday and Plumter (cross-border fintechs) and crypto exchange platform Bitmama.

 

Union54 has grown to issue slightly over half a million virtual debit cards to its customers. The company also claims to have processed volumes now reaching double digits in millions of dollars.

 

Union54 is backed by Tiger Global, Vibe VC, Runa Capital, Y Combinator, Earl Grey Capital, Ace & Company, Todd & Rahul Angel Fund, Not Boring Capital, and others. The company raised $12M in a Seed extension round on Apr 18, 2022. This brings Union54's total funding to $15M to date.

 

 

  • Year founded: 2020
  • Funding Info: $15M over 2 Rounds (Latest Funding Type: Seed- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Lusaka
  • State: Lusaka
  • Country: Zambia
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