Juicyway, known for its cross-border payment solutions, successfully completed a $3 million pre-seed funding round. The funding, led by P1 Ventures, attracted numerous investors.
Successful Fundraising
Juicyway was able to attract a significant investment while only emerging from stealth mode. This is a rare achievement for startups that have just entered the market. Co-founder and CEO Ife Johnson highlighted that the immense interest was driven by the company’s market traction despite its stealth mode.
Juicyway’s Unique Solutions
Juicyway has achieved significant milestones, processing $1.3 billion across 25,000 transactions and serving 4,000 customers. Juicyway collaborates with prominent brands and partners with Access Bank for remittance services. Founded in 2021 by Ife Johnson and Justin Ziegler, the platform supports various currencies and strives to make transfers fast and affordable by leveraging stablecoin technology. The company's network model makes it stand out among competitors, reducing remittance costs and ensuring broad financial inclusivity.
Future Plans and Expansion
Looking ahead, Juicyway is planning expansion and is licensed to conduct business in Nigeria, USA, Canada, and the UK. The company aims to become a platform where African currencies can be easily converted among themselves and other currencies. Stablecoin technology and the network model make this goal achievable, providing fast and efficient money movement.
Juicyway continues its efforts to expand and solidify its position within the cross-border payment market, focusing on increasing financial inclusion in Africa.
