Eversend logo

Eversend

Borderless payments and embedded financial services for Africans and the African diaspora

Distribution & Sales Startup Seed
Visit Website

Overview

Eversend is a multi-currency digital wallet and borderless payments platform targeting Africans and the African diaspora. The company operates in the distribution and embedded insurance space, offering travel insurance products embedded directly within its mobile application alongside cross-border remittances, virtual accounts, and currency exchange services. Founded in 2017 by Stone Atwine, Ronald Kasendwa, and Emma Smith, the company is headquartered in Kampala, Uganda with offices in Lagos, London, Paris, and New York.

The platform delivers its services through iOS and Android mobile applications supported by a cloud-based backend. For business customers, Eversend provides B2B payment APIs enabling merchants and platforms to collect payments, distribute payouts to mobile money and bank accounts across Africa, and access wholesale foreign exchange. The embedded insurance offering provides travel insurance accessible in-app without redirecting users to third-party sites.

Eversend has grown to over 1 million active users and has raised approximately USD 1.33 million across multiple rounds from investors including Visa Accelerator, Google for Startups, Atomico, and HoaQ. The company has been featured in coverage by BBC, CNN, Bloomberg, and Forbes, and was selected for the Slush 100 accelerator program.

Products & Services

Multi-Currency E-Wallet

A digital wallet enabling users to hold and exchange funds across multiple currencies including USD, EUR, and local African currencies at competitive exchange rates.

Key Features

  • Hold balances in multiple currencies simultaneously
  • Real-time currency exchange at wholesale rates
  • Virtual USD and EUR accounts with IBAN support

Target Users: Individual consumers, African diaspora members

Cross-Border Money Transfers

International remittance service enabling users to send and receive funds to mobile money accounts and bank accounts across Africa and globally.

Key Features

  • Delivery to mobile money wallets (e.g., MTN, Vodafone)
  • Bank account delivery across Africa
  • Competitive transfer fees targeting diaspora corridors

Target Users: African diaspora, individuals sending funds to family in Africa

Business Payment APIs

B2B API infrastructure for merchants and platforms requiring payment collection, payout distribution, and foreign exchange across Africa.

Key Features

  • Payout API to mobile money and bank accounts
  • Wholesale FX for business transactions
  • Working capital management tools

Target Users: Merchants, platforms, businesses operating in African markets

Embedded Travel Insurance

Travel insurance products available for purchase directly within the Eversend mobile application.

Key Features

  • In-app purchase without redirect to external sites
  • Integration with the digital wallet for payment

Target Users: Individual travelers using the Eversend platform

Virtual Cards and Cryptocurrency Exchange

Virtual and physical debit cards with foreign exchange savings, plus in-app digital asset buying and exchange.

Key Features

  • Virtual USD cards with up to 13% savings on FX fees
  • Physical card issuance
  • Cryptocurrency buy/exchange integrated with wallet balance

Target Users: International travelers, crypto-curious consumers

At a Glance

Founded
2017
Headquarters
Kampala, Uganda
Employees
11-50
Funding
Seed

Category & Focus

Category
Distribution & Sales
Subcategories
Embedded Insurance Digital Payments Cross-Border Remittance
Insurance Verticals
Specialty/E&S
Target Customers
Consumers, Carriers

Customers

  • 1,000,000+ active users globally
  • Strong adoption in Nigerian, Ghanaian, and Ugandan markets

Links

Similar Companies

Last updated: 2026-05-12