Onafriq’s Strategic Partnerships for Digital Finance
Onafriq has been making headlines with a series of partnerships aimed at building digital finance infrastructure across African markets. While announcements about Conduit (February), Yuno (June), VALR (April) and Privy (July) suggested overlapping capabilities, the company clarified that each partner serves a distinct layer in its ecosystem.
A Tiered Approach to Digital Finance
According to Onafriq:
- Conduit provides institutional cross-border settlement infrastructure with built-in fiat conversion
- Yuno strengthens merchant payment acceptance and orchestration across multiple channels
- Privy offers embedded custodial and non-custodial wallet solutions
- VALR serves as the on-ramp/off-ramp provider in markets where regulations permit (a reversal from previous reporting)
This layered approach allows Onafriq to tailor solutions to specific customer needs, regulatory environments and market conditions.
Current Status of Partnerships
While all partnerships are progressing, their commercial readiness varies:
- Yuno is currently live in seven markets (Egypt, Ghana, Kenya, Nigeria, Cameroon, Côte d’Ivoire, Uganda)
- VALR recently went live as the on-ramp/off-ramp provider
- Conduit and Privy remain in integration phases with pilot programs underway
Onafriq emphasized that it’s taking a phased approach to deployment, prioritizing regulatory compliance and customer experience over rapid expansion.
What do you think of Onafriq’s layered infrastructure strategy? Share your thoughts below!