HitchPay processes over $2 million in transactions within four months of operations

Cross-border payment platform reports 22% month-over-month growth and 20,000 active customers across African business and diaspora segments

Paul Obalonye, HitchPay co-founder. 

HitchPay, a financial technology platform built for African businesses and diaspora communities, has surpassed $2 million in processed transactions since launching, serving more than 20,000 active customers and recording 22% month-over-month growth, according to company data.

The platform consolidates international payment acceptance, remittances, and digital financial services into a single product, targeting African entrepreneurs who sell to international customers and diaspora users managing financial activity across multiple countries. The company's approach reduces reliance on multiple providers with separate onboarding, compliance requirements, and fee structures.

The cross-border payments market the company operates in carries significant volume. According to the World Bank, remittances to sub-Saharan Africa reached approximately $54 billion in 2022, with intra-African trade and cross-border e-commerce continuing to expand alongside broader digital commerce growth across the continent.

HitchPay co-founder Paul Obalonye has stated the company's long-term objectives include ranking among the top financial services providers operating in Africa and pursuing a path toward a public listing, placing it in competition with established banks and international fintech platforms.