![]() ![]() While that might look minute, imagine a fintech that uses Union54’s API to issue cards to more than 20,000 customers who use it frequently. When the employee uses the card to pay for stuff online, perhaps a Netflix subscription or AWS invoice of $30, the fintech earns 1% of that transaction, in this case, $0.30. Now, we do and we are the only company in Africa to would give you the interchange.”Įssentially, here’s how the interchange works - Union54 onboards a fintech company and it uses Union54’s API to issue a single card to an employee. ![]() But we didn’t have a firm idea of how we would do that. So what else has changed since the company spoke to TechCrunch in August? “We’ve realized that there’s such a huge potential for companies who want to monetize their existing customer bases. The first Zambian startup to get into YC is developing Africa’s first card-issuing API
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