Scale specializes in card-issuing enablement that helps fintechs achieve their go-to-market and speed-to-revenue strategies, leveraging their expertise and innovative tech stack to accelerate onboarding and product launches.
The startup’s US$700,000 pre-seed fundraising is led by prominent early-stage investors 54 Collective (formerly Founders Factory Africa) and First Circle Capital, joined by Sunny Side Venture Partners and prominent expert angels from the industry.
Scale will use the new funding to accelerate its market entry into Kenya, Ivory Coast, and Zambia, where the company is poised to go live. This comes after Scale previously secured banking, network, and payment technology partners, positioning itself as a modern card issuing orchestration and Infrastructure-as-a-Service (IaaS) enabler.
Miranda Perumal Founder of Scale said: “It’s not just what we do; it’s ingrained in the very fibre of our values. With the backing of our esteemed investors and partners, we are well-positioned to expedite our ecosystem engagement, build trust with African businesses and continue to strongly focus on solving major pain points when enabling card rails by delivering unrivalled, world-class service.”
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