Lumepay Raises $6M Pre-seed

Lumepay, based in South Africa, is a fintech company providing cross-border payment solutions for SMEs, corporates, and institutions. The company has announced the successful completion of a $6 million pre-seed funding round to support its mission of building institutional-grade payment infrastructure across Africa.

Investors

The funding round was backed by a group of founder-led angels and South African fintech investors.

Lumepay Use of Funds

The capital raised has been utilized to kick-start the company's core infrastructure, including the development of compliant payment rails, banking partnerships, and the acquisition of licenses across various African jurisdictions. Funds also supported the launch of its payments platform and its Lumetrade digital asset trading venue, as well as enterprise-grade security and wallet infrastructure.

About Lumepay

Founded to address fragmentation and liquidity inefficiencies in African cross-border trade, Lumepay offers an end-to-end payment platform for businesses. Led by CEO Harry Huang, COO Luc Varejes, and Chief Legal and Compliance Officer Tatenda Nhemachena, the company focuses on creating a rail-agnostic system that integrates traditional finance with digital assets to facilitate transparent B2B transfers.

Funding Details

Company Website: https://lumepay.com

Company: Lumepay
Raised: $6M
Round: Pre-seed
Funding Date: January 2026
Company Website: www.lumepay.com
Software Category: Fintech
Source: https://mybroadband.co.za/news/industrynews/676860-south-african-fintech-lumepay-raises-us6m-pre-seed-to-build-africas-institutional-cross-border-payment-solutions.html