Union54 Private Limited
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Union54 Private Limited - overview
Established
2020
Location
Zambia, -, South Africa
Primary Industry
Financial Services
About
Based in Lusaka, Zambia, and founded in 2020 by COO Alessandra Martini and Co-founders Jon Wade, Union54 Private Limited aka Union54 operates as a fintech company offering cards using API. In April 2022, Union54 Private Limited raised USD 12 million in Seed funding led by Tiger Global Management, with participation from Vibe Capital, Not Boring Capital, and Earl Grey Capital. The company provides API to build cards that can be used for digital banking, buy now, and pay later options. Union54 allows companies to check their expense of employees and provide ledger information for customers.
The firm offers BIN sponsorship, transaction processing, and settlement via one API. The company charges USD 300 as settlement fees and USD 40 for virtual cards. The firm also charges USD 35 as processing fees and USD 7 for physical cards, additionally USD 20 for chargeback handling. Union54 charges USD 1,500 monthly from its users.
Current Investors
Tiger Global Management, Runa Capital, ACE & Company
Primary Industry
Financial Services
Sub Industries
e-Financial, Application Integration Software, Accounting/Finance Software
Website
www.union54.com
Verticals
Cloud Computing, FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Union54 Private Limited - employee data
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