Plumter (YC W22)

Plumter, a Y Combinator-backed startup launched in 2021, aims to simplify foreign payments and international banking for African businesses and consumers. The company's slogan, "Easy foreign payments for African businesses and consumers", succinctly captures its mission. Plumter operates at the intersection of Financial Services, Fintech, and Banking industries, focusing on connecting African entities to global payment rails. In its latest funding round on 23 March 2022, Plumter secured $1.20M in seed investment from prominent investors, including Y Combinator, True Capital Fund, and Ventures Platform. This funding injection signifies a vote of confidence in Plumter's vision and potential for growth in the financial technology space. With its innovative approach to addressing the challenges of foreign payments in Africa, Plumter has positioned itself as a compelling player in the fintech arena. The company's ability to attract investments from established players such as Y Combinator and True Capital Fund underscores its potential to make a meaningful impact on the African financial landscape.