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Easy foreign payments for African merchants
Key people at Plumter.
Plumter was founded in 2021 by Eni Joshua (Founder) and Yinka Elujoba (Founder).
We're providing payment rails to help African merchants and consumers easily pay their suppliers abroad.
Plumter was founded in 2021 by Eni Joshua (Founder) and Yinka Elujoba (Founder).
Key people at Plumter.
Plumter is a fintech company founded in 2021 that provides easy foreign payment solutions for African merchants and businesses. It offers payment rails and APIs enabling African merchants and consumers to make fast, cost-effective cross-border payments and manage multi-currency accounts. Plumter serves a broad range of clients from small importers to large multinationals, helping them pay suppliers abroad with transparency, real-time tracking, and competitive exchange rates. Its platform enhances financial operations by reducing payment processing times and optimizing cash flow, positioning it as a critical enabler of international trade for African businesses[1][2][3][4].
Plumter was founded in 2021 by Yinka Elujoba and Eni Joshua in Lagos, Nigeria. Yinka Elujoba, previously a writer and critic contributing to The New York Times, co-founded Plumter to address the challenges African merchants face in making foreign payments. The idea emerged from the need to simplify and accelerate international payments for African businesses, which traditionally encounter high costs, delays, and complexity. Early traction includes acceptance into Y Combinator’s Winter 2022 batch, signaling strong validation and support from a leading global startup accelerator[3][6].
Plumter rides the wave of fintech innovation focused on financial inclusion and cross-border commerce in Africa. The continent’s growing digital economy and increasing international trade demand seamless foreign payment solutions. Plumter’s timing is critical as African businesses seek to integrate with global markets amidst rising e-commerce and digital trade. By simplifying foreign payments, Plumter helps unlock new growth opportunities for African merchants, contributing to the broader ecosystem of fintech startups driving economic development and regional integration[1][2][3].
Looking ahead, Plumter is well-positioned to expand its product offerings and deepen its market penetration across Africa’s diverse economies. Trends such as increasing digital adoption, regulatory support for fintech, and growing intra-African trade (e.g., AfCFTA) will shape its journey. Plumter’s influence is likely to grow as it continues to lower barriers for African businesses to transact globally, potentially evolving into a key infrastructure player in Africa’s cross-border payment landscape. Its focus on speed, transparency, and liquidity will remain central to maintaining competitive advantage and customer trust[4][5].
In summary, Plumter is transforming how African merchants engage with global markets by providing fast, affordable, and transparent foreign payment solutions, addressing a critical pain point in the continent’s fintech ecosystem.
