Medium · Apr 2024
Official rebrand note explaining the move from Wallets Africa to Spring in Africa and the shift toward a broader multi-service finance platform.
Company research
Public company, workplace, funding, and market signals
Overview
Spring in Africa (formerly Wallets Africa) is a fintech/wallet platform focused on consumer and business payments, money transfers, payment links, and crypto/Ethereum transactions. Public sources show a 2024 rebrand, Winter 2019 YC participation, and ongoing activity [Official site][YC][TechCabal][Medium].
Primary product
Multi-currency wallet and payment platform for bank transfers, payment links, and Ethereum/crypto transactions
Founded
2018
Headquarters
San Francisco, California, United States (publicly reported by YC/LinkedIn; some third-party databases still list Lagos, Nigeria)
Team size
1-10
Industry
Financial Services
Sub-industry
Fintech / digital wallet / payments
Offices
San Francisco, California, United States
Nigeria
Business model
consumer wallet
business wallet/accounts
payment processing
money transfer
transaction fees
card issuance
Funding
Stage
Seed
Total raised
$1.6M
Latest round
Seed · Jun 2020
Latest amount
$1.3M
People & investors
Work & culture
Mission-driven fintech messaging around making finance accessible, democratizing financial services, and building for emerging markets; public posts emphasize innovation, borderless finance, and utility for customers.
Product & market
Pricing
Public evidence points to a fee-based model with commissions/transaction fees; exact pricing is not publicly detailed.
Differentiators
- —Custom payment links
- —Multi-currency wallet experience
- —Bank transfers plus Ethereum/crypto payments
- —Real-time blockchain-based transaction visibility
- —Cashback-focused product positioning
- —Consumer and business use cases
Technology
3CX
WhatsApp
X/Twitter
Instagram
Blockchain
Ethereum
Customers
African consumers
business customers
small and medium businesses
startups and founders
users needing local and cross-border transfers
Competitors
PayPal
Stripe
Razorpay
Flutterwave
Paystack
Scale & contact
Estimated revenue
$10M-$20M
Estimated monthly visits
379
Traffic estimate as of Jul 2026
Latest news
Disrupt Africa · Oct 2023
Covered the launch of Spring, describing it as a multi-currency wallet with cashbacks and Ether transactions and noting the company’s consumer/business payments history.
TechCabal · Oct 2023
Announced the Spring product as a multi-currency wallet with cashbacks and Ethereum transactions, and quoted John Oke on the company mission.
Disrupt Africa · Jun 2020
Reported an undisclosed funding round and listed investors such as Samurai Incubate Africa, Mozilla Corporation, Brad Flora, Venture Souq, 9 Yards Capital, Maria Alegre, Zach and Noah Cohen, and Radu Spineau.
TechPoint Africa · Jun 2020
Reported a new funding round and named Mozilla, Samurai Incubate, 9Yards Capital, Michael Seibel and others among participants.
Jobs and careers at Spring in Africa
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