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Global B2B payment platform Nilos is expanding its footprint into West Africa, targeting Ivory Coast, Senegal, Benin, and Togo. This strategic move aims to simplify cross-border transactions by enabling instant payouts in the West African CFA franc (XOF) and integrating mobile money solutions—enhancing financial accessibility for businesses and individuals across the region.
Bridging the Gap Between Traditional and Crypto Payments
Founded in 2021 by Raphael Fettaya and Eytan Messika, Nilos was designed to help businesses efficiently manage multi-currency transactions. The platform acts as a bridge between fiat and cryptocurrency payments, offering a seamless financial solution for global enterprises.
Since securing $5.2 million in early funding, Nilos has continued to innovate, introducing Virtual EU IBANs in 2023 to support businesses dealing in cryptocurrency across Europe.
Addressing Key Challenges in Cross-Border Transactions
With its expansion into West Africa, Nilos is tackling long-standing issues such as:
- High transaction costs
- Slow processing times
- Limited banking infrastructure
By providing multi-currency accounts (EUR, GBP, USD) and instant payouts in XOF via mobile money, Nilos is positioning itself as a game-changer in the region’s payment ecosystem.
Empowering Businesses with Flexible Payment Solutions
Businesses in West Africa will now have the ability to top up accounts in major global currencies and execute fast, cost-effective transactions using mobile money services.
As Nilos establishes itself in Francophone Africa, it will compete with regional players such as Cauridor, HUB2, and Bizao, bringing greater innovation and efficiency to the local payments landscape.
With this expansion, Nilos is revolutionizing financial transactions in West Africa, empowering businesses with faster, more accessible, and affordable cross-border payments.
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