Transparent Pricing, Human Support Define our Cross-Border Play, says Oneremit

In cross-border payments, two complaints surface repeatedly among African businesses: costs that only become clear after the money has left the account, and the difficulty of reaching a person who can resolve problems when transactions fail. Oneremit has structured its platform around those exact pain points.

Co-founder Olusola Ayodeji Kolawole linked the company’s design choices to a broader diagnosis of the market.

“Running a business in Africa is already hard. Payments shouldn’t be. When we started Oneremit, we kept coming back to one idea: that Africa is part of the global market, but the payment infrastructure available to African businesses hasn’t caught up to that reality. That’s the gap we’re closing.”

The cost problem is concrete. On a $20,000 supplier payment, a 1.5 percent opaque foreign-exchange spread can cost a business more than ₦400,000. Traditional settlement chains introduce further delay, often measured in days rather than hours. When issues arise, automated systems rarely provide the clarity or intervention that finance teams need. Compliance obligations that differ by jurisdiction add another layer of complexity.

Oneremit’s response combines transparent pricing with a concierge support model. Clients see the full cost upfront — what they see is what they pay — with no hidden fees or charges. Transfers are designed to be instant where possible, and there is no transfer cap. Every business is paired with a dedicated support contact who remains responsible for the transaction, rather than being directed to a ticketing system.

Founded in 2024, the company has processed more than $200 million in outgoing transactions in 18 months and now supports over 1,000 businesses. It operates in more than 100 currencies and holds regulatory licences in Canada, the United States and Nigeria. Further licence applications are under way in markets including the UK, Ghana and Côte d’Ivoire.

The platform serves importers, exporters and companies in agro, pharmaceutical, automobile, freight and shipping industries, along with agencies and corporate finance teams. Growth has been driven largely by word of mouth within African trade communities rather than paid acquisition campaigns.

Strategic partnerships underpin the technical delivery. OwlPay provides regulated stablecoin settlement rails that have processed over $15 million in volume. Terrapay expands corridor access through its global network. Blockradar powers the stablecoin infrastructure that supports newer settlement pathways. These relationships allow Oneremit to offer speed and flexibility while maintaining the compliance standards required across its licensed markets.

In August 2026, Oneremit hosted 40 senior finance leaders from importation, distribution, travel and industrial sectors at a private executive roundtable. The event highlighted the company’s evolving role as both a payments provider and a participant in industry-level discussions on settlement challenges.

Looking ahead, the company plans to pursue additional regulatory licences in African and European markets, deepen its infrastructure partnerships and expand into new customer segments such as agencies, service businesses and mid-market exporters over the next six months.

The proposition remains consistent: cross-border payments for African businesses should be clear on cost, reliable in execution and backed by people who can be reached when it matters. By organising its product and partnerships around that standard, Oneremit is testing whether a more accountable model can become the norm rather than the exception.