Lucrestack Unveils LupoFi to Bridge Africa’s Cross-Border Payment Gap

In a move set to redefine how Africans connect financially with the world, fintech innovator Lucrestack has launched LupoFi, a platform built to make cross-border payments faster, transparent, and more inclusive. The new service opens seamless payment channels across continents, marking a major step toward bridging Africa’s financial access gap.

The platform enables users to send, receive, and settle payments seamlessly across countries including China, Saudi Arabia, Israel, Canada, the United States, and Europe, with plans to expand into other emerging markets.

Speaking on the launch, Damilola Parkinson, Co-Founder and Chief Executive Officer of Lucrestack, said the innovation marks the next phase of the company’s mission to make global financial connectivity more accessible.

“We have spent years building and refining infrastructure that powers cross-border payments for banks and fintechs,” Parkinson said. “LupoFi represents the evolution of that work, extending our enterprise-grade systems to individuals, entrepreneurs, and businesses that need reliable access to the global economy.”

Africa’s growing digital economy has heightened the demand for trusted international payment systems. Many African businesses still face friction when sending or receiving funds due to compliance challenges and slow settlement times.

Olajide Bakare, Co-Founder and Chief Technology Officer at Lucrestack, explained that the company’s infrastructure-first approach ensures reliability and compliance across multiple regions.

“Our goal has always been to build resilient, interoperable systems that empower institutions to scale confidently,” Bakare noted. “With LupoFi, we are extending that reliability to those driving trade and innovation across Africa.”

According to the company, LupoFi provides transparency, speed, and compliance in cross-border transactions. Parkinson added that it aligns with Lucrestack’s broader vision of financial inclusion, giving Africans greater participation in the global economy.

“LupoFi is not just a product, but a movement toward financial equity,” he said.