Abba Platforms Inc.

Based in New York, US, and founded in 2022 by Simon Kapenda, Abba Platforms Inc. , a. k. a.

Abba develops financial technology solutions with a focus on mobile payments. In October 2024, Abba Platforms Inc. raised USD 11 million in venture funding from Run4 Capital. The venture funding values Abba Platforms Inc.

at USD 3. 7 billion post-money. Abba Platforms Inc. operates primarily through its flagship product, the Abba App, a secured mobile payment service designed to facilitate real-time money transfers among verified users across Africa and beyond.

The Abba App addresses needs in financial accessibility by enabling users to send and receive funds instantly, thereby enhancing financial inclusion within emerging markets. In addition to the Abba App, the company offers a range of solutions across several industries, including banking, transportation, healthcare, and real estate, all tailored to empower local communities and boost economic growth. The company serves a diverse customer base, including individuals, businesses, and public transport systems within African nations such as Namibia, Uganda, Nigeria, and South Africa, among others. Abba Platforms Inc.

generates revenue through multiple transactional structures associated with its core offerings, particularly the Abba App. Clients engage with the platform for various financial transactions, ranging from peer-to-peer transfers to business payments, utilizing subscription models or transaction fees. The company plans to use its proceeds from October 2024 funding to support the company’s expansion plans across Africa.